SEACHANGE LAUNCHES POWERFUL CLOUD-BASED, END-TO-END MULTI-SCREEN VIDEO MANAGEMENT AND DELIVERY PLATFORM

The PanoramiC™ Platform offers video providers an integrated, open PaaS solution built on complementary streaming technologies from leading vendors
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PanoramiC Diagram with Partner Logos cFlow

ACTON, Mass. (May 31, 2018) — Video solutions pioneering innovator SeaChange International Inc. (NASDAQ: SEAC) today debuted a new video management and delivery platform, PanoramiC, that equips video providers with a comprehensive cloud-based, end-to-end service designed to optimize and personalize their viewers’ video experience. This new, highly scalable Platform as a Service (PaaS) offering enables video providers to quickly and cost-effectively deploy complete multi-screen video services for live/linear, VOD and time-shifted TV, across both managed IP and unmanaged OTT networks.

PanoramiC is a turnkey, fully integrated delivery platform with a powerful standard set of advanced functions and multiple monetization models. PanoramiC combines the scalable components of the SeaChange cFlow™ video management and monetization portfolio with complementary streaming solution elements from ATEME, ATES Networks, Broadpeak, and castLabs. This combination of pre-integrated, multi-vendor “best-of-breed” platform elements with a subscription-based service model offers a robust, cost-effective, market-proven option for video providers building their multiscreen video businesses.

"OTT delivery disrupted video entertainment. PanoramiC is now disrupting the way OTT and IP-based video platforms are built." said Ed Terino, Chief Executive Officer, SeaChange. "With PanoramiC, we've solved several key challenges by enabling video providers to control, manage, personalize and monetize their multi-screen/VOD offerings with an open, modular and fully-integrated cloud-based platform. In doing so, we’re enabling the democratization of ‘video everywhere’ and facilitating new opportunities, business models and industries.”

PanoramiC supports delivery to a wide array of viewer devices, including Android TV, Android mobile, tvOS, iOS, smart TVs, set-top boxes, and browsers, allowing quick and efficient deployment of video across multiple platforms. And with built-in capabilities including workflow (transcoding, DRM, packaging, and more), meta-data enrichment, authentication, session management, merchandising and user experience management, video providers can deliver rich, increasingly personalized and engaging viewing experiences – indivisual™ experiences - to their customers.

“Video providers are looking for an IP digital platform on which they can quickly and reliably launch new services, using a ‘pay as you grow’ model,” said Jacques Le Mancq, President and CEO, Broadpeak. “We recognize that the PanoramiC platform, built from best-of-breed components including our origin packager and streaming technologies, will answer that need, and help video providers differentiate while achieving an unbeatable time to market.”

The PanoramiC Platform's advanced video services and monetization benefits include: Live OTT (EPG, Subscription, Pay-Per-View, Day-Pass), Time-shifted TV (Pause live, Restart, Catch-up) and VOD (SVOD, AVOD, FVOD, Download2Play).

In addition, the platform’s highly competitive Pay-As-You-Grow subscription pricing delivers a flexible and scalable deployment model for video service providers of any sector or size. Additional PanoramiC features include:

• Automated Content Management

• Powerful Back-office, Merchandising and Offer Management

• Premium Client Software (UI/UX)

• CRM Provisioning

• EPG Ingest

• Live Stream Ingest

• Multi-DRM

• Entitlement Check

• CDN Origin

• Key Management

• Transcoding

• HLS/DASH Support

• Client SSO

“By working with our customers over many years, we know that building and maintaining a comprehensive, reliable streaming platform requires a great deal of time, expertise, and money,” said Michel Artières, President and CEO, Ateme. “We embraced the opportunity to enable SeaChange to offer a more open, multi-vendor solution that could simplify the management of increasingly complex workflows that our customers face in the age of online video.”

“The needs of today’s video providers require a comprehensive ‘big picture’ perspective on increasingly complex video operations that only SeaChange can bring,” said Terino. “We recognized that an open, pre-integrated multi-vendor processing and delivery solution, built around a strong video management foundation, would offer the benefits of multi-vendor innovation, rapid service deployment and accelerated feature creation – all under a single PaaS subscription model. PanoramiC is our response to this pressing industry need.”

About SeaChange International
For 25 years, SeaChange (Nasdaq: SEAC) has pioneered innovative solutions to help video providers around the world manage and monetize their content. As the video industry rapidly evolves to meet the “anytime, anywhere” demands of today’s viewers, SeaChange’s comprehensive content, business, viewer experience and advertising management solutions provide a mature, network-agnostic, cloud-enabled platform of scalable core capabilities that video service providers, broadcasters, content owners and brand advertisers need to create the personalized, indivisual™ experiences that drive viewer engagement and monetization. For more information, please visit www.seachange.com.

Safe Harbor Provision
Any statements contained in this press release that do not describe historical facts, including regarding future operations of SeaChange , are neither promises nor guarantees and may constitute “forward-looking statements” as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. Any such forward-looking statements contained herein are based on current assumptions, estimates and expectations, but are subject to a number of known and unknown risks and significant business, economic and competitive uncertainties that may cause actual results to differ materially from expectations. Numerous factors could cause actual future results to differ materially from current expectations expressed or implied by such forward-looking statements, including the risks and other risk factors detailed in various publicly available documents filed by the Company from time to time with the Securities and Exchange Commission (SEC), which are available at www.sec.gov, including but not limited to, such information appearing under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on April 16, 2018. Any forward-looking statements should be considered in light of those risk factors. The Company cautions readers not to rely on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any intent or obligation to publicly update or revise any such forward-looking statements to reflect any change in Company expectations or future events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results may differ from those set forth in such forward-looking statements.