SeaChange International (NASDAQ:SEAC) has acquired DCC Labs, a Warsaw, Poland-based set-top and multiscreen device software developer and integrator. The $8 million cash and stock transaction closed on May 6.
DCC Labs, with more than 70 engineers, has commercially deployed projects supporting millions of set-tops, mobile devices and smart TVs, as well as experience with the Reference Design Kit (RDK), and Android and Linux operating systems.
The acquisition is intended to enable SeaChange to optimize the operations of its In Home business, which the company is downsizing. In addition to software development and integration, the DCC Labs acquisition brings market-ready products, including a TV software stack for Europe's DVB (Digital Video Broadcasting) community and an HTML5 framework for building user interfaces for CPE devices.
SeaChange will feature its open software solutions for content management, delivery, monetization and subscriber experience at INTX in Boston, ANGAcom in Cologne, OTT Exec Summit in New York, and the NCTC Independent Show in Orlando, FL.