SeaChange and On Demand announce deal

US video-on-demand server manufacturer SeaChange International and UK-based On Demand Group have teamed up to develop VOD services in Europe.

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By  Marcus Webb Published  November 6, 2002

US video-on-demand server manufacturer SeaChange International and UK-based On Demand Group have teamed up to develop VOD services in Europe.

The two companies have signed a business development agreement whereby On Demand will exclusively promote and use SeaChange's VOD systems and software.

As part of their agreement, SeaChange has invested US$2.3 million in On Demand and has agreed to further investments of up to $13.3 million if required

"We looked carefully at all the major VOD server systems companies and SeaChange came out on top in terms of functionality, support, performance and customer satisfaction,” says Andy Birchall, Chairman of the On Demand Group. “We are therefore especially pleased that SeaChange is joining us as a strategic investor in our plans to aggressively develop video on demand throughout Europe."

“Our partnership with The On Demand Group brings together their proven success in the European television market with the quality of SeaChange’s VOD services and software to address a significant opportunity - VOD in Europe,” adds Bill Styslinger, president and CEO, SeaChange International. “We are very confident in our partnership and our ability to bring compelling new VOD applications to Europe’s cable operators.”

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