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Enghouse finalizes the acquisition of SeaChange

MARKHAM, Ont– Enghouse Systems Limited announced that it has successfully completed the acquisition of substantially all of the assets of SeaChange International, Inc. related to its IPTV products and services business for a purchase price of approximately $23 million (net of SeaChange’s cash and cash equivalents at closing).

Enghouse noted that SeaChange’s annual revenue is currently expected to be about $18 million.