SeaChange Announces Resignation of Peter Feld from the Board of Directors

  SeaChange Announces Resignation of Peter Feld from the Board of Directors

Business Wire

ACTON, Mass. -- January 25, 2013

SeaChange International(Nasdaq: SEAC), a leading global multi-screen video
software innovator, today announced that effective January 25, 2013, Mr. Peter
Feld has resigned from the SeaChange Board of Directors.

“Upon joining the SeaChange Board of Directors in December of 2010, my goal
was to work collaboratively with my fellow directors to significantly improve
financial performance, strategically re-position the Company to focus on the
core software business, and to create and enhance value for the benefit of all
shareholders,” commented Peter Feld. “Since that time we have accomplished a
great deal. Under the leadership of Chief Executive Officer Raghu Rau, we have
significantly strengthened the management team, exited two non-core
businesses, reduced costs, and developed market-leading products for
multi-screen video and advanced advertising solutions that are positioned for
future success."

“On behalf of our management team and the entire Company, I thank Peter for
his valuable service and contributions to SeaChange and its shareholders,”
stated Raghu Rau, CEO, SeaChange. “He has been an integral part of our
strategic and financial transformation and has helped to put the Company on a
path to long-term, profitable growth and value creation.”

Tom Olson, Chairman of the Board of Directors, SeaChange, added “The Board of
Directors and I thank Peter for his vital contributions over the past two
years. His involvement brought a renewed sense of urgency and focus to
delivering improved results and serving the best interests of the Company and
its shareholders. We wish Peter well in his future endeavors.”

Mr. Feld’s resignation brings the number of directors serving on the SeaChange
board to six. At this time, the Company does not intend to fill the vacancy
created as a result of Mr. Feld’s resignation.

About SeaChange International
Ranked among the top 250 software companies in the world, SeaChange
International (NASDAQ: SEAC) enables transformative multi-screen video
services through an open, cloud-based, intelligent software platform trusted
by cable, IPTV and mobile operators globally. Personalized and fully monetized
video experiences anytime on any device, in the home and everywhere, are the
product of the Company’s superior video platform, advertising and in-home
offerings.

SeaChange’s hundreds of customers are many of the world’s most powerful media
brands including all major cable operators in the Americas and Europe, and the
largest telecom companies in the world. Headquartered in Acton, Massachusetts,
SeaChange is TL 9000 certified and has product development, support and sales
offices around the world. Visit www.schange.com.

Contact:

Press
SeaChange
Jim Sheehan, 1-978-897-0100 x3064
jim.sheehan@schange.com
or
Investors
The Blueshirt Group
Monica Gould, 1-212-871-3927
monica@blueshirtgroup.com
 
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