Mission Statement, Vision, & Core Values of SeaChange International, Inc. (SEAC)

You're looking at SeaChange International, Inc. (SEAC) because you know a company's foundational statements-its Mission Statement, Vision, and Core Values-are the ultimate check against its financial reality, especially after a major corporate pivot.

Honestly, how does a company with a November 2025 market capitalization of just US$6.931M reconcile its long-term vision with the May 2024 sale of its core product assets to Enghouse Systems Limited for approximately US$23 million? Here's the quick math: the business that generated a trailing twelve-month revenue of $32.76 Million USD is largely gone, so what is the purpose of the remaining entity?

We need to see if the original mission was a North Star or just a plaque on the wall. Does the written strategy still hold up, or does the new, post-acquisition reality demand a complete re-write of the company's defintely crucial founding principles?

SeaChange International, Inc. (SEAC) Overview

You need a clear picture of SeaChange International, Inc. (SEAC), and the truth is the company you knew is gone; its value was realized through a strategic sale. Founded in 1993, SeaChange International spent decades as a global provider of video delivery software, helping operators and content owners manage and monetize their video content across various platforms, from linear TV to streaming.

The core of their business was built on sophisticated software solutions like the StreamVid premium streaming platform, which enabled a direct-to-consumer service for content owners, and their Advanced Advertising Platform, a unified ad tech solution for inserting advertisements into diverse video feeds.

The most important event for the company's sales trajectory occurred in May 2024 when SeaChange International sold substantially all of its operating assets to Enghouse Systems Limited, a major telecommunication technology company. For the last full fiscal year before the sale, Fiscal Year 2024, the company reported total revenue of $21.4 million. The remaining entity, which continues to trade under the SEAC ticker, is now named Tiber Ventures, Inc.

FY2025 Financial Performance: The Asset Sale as the Key Metric

The financial story for the entity trading as SEAC in the 2025 fiscal year is not about product sales growth; it's about a successful exit and capital return. The asset sale to Enghouse Systems Limited closed in May 2024 for a total purchase price of $39 million, which resulted in net proceeds to SeaChange International of over $22.5 million. That's the real number you need to focus on-the value realization for shareholders.

Here's the quick math on the pre-sale business: the trailing twelve months (TTM) revenue as of November 2025, which reflects the sold business's past performance, was approximately $32.76 million USD. But honestly, that number is a historical artifact now. The current entity, Tiber Ventures, Inc., is not engaged in any business operations, has no products or services, and reports no revenue from sales.

The focus has shifted entirely to maximizing stockholder value through capital management. The company's total assets as of a recent quarter were around $40.71 million, with total liabilities at approximately $9.29 million. What this estimate hides is that the remaining cash and assets are the primary value driver now, not future product development. You should definitely read Breaking Down SeaChange International, Inc. (SEAC) Financial Health: Key Insights for Investors for a deeper dive into the balance sheet impact.

• Sale Price: $39 million for operating assets.
• Net Proceeds: Over $22.5 million upon closing.
• Current Operations: No revenue from product sales.

SeaChange's Legacy in Video Delivery Technology

You can't dismiss SeaChange International, Inc.'s place in the industry just because the operating business was sold. The fact that a major global telecommunication technology and solutions company like Enghouse Systems Limited paid $39 million for the assets is a clear validation of the technology and customer base. This wasn't a fire sale; it was a strategic acquisition of valuable intellectual property.

The company's legacy is rooted in pioneering video server technology, earning three Emmy Awards for Technology & Engineering over its history. Their solutions were critical for:

• Enabling premium linear TV and direct-to-consumer streaming services.
• Managing, curating, and monetizing video content globally.
• Protecting and developing incremental advertising revenues.

While the SEAC ticker now represents Tiber Ventures, Inc., a holding company, the technology that made SeaChange International a leader now lives on and will scale within Enghouse Systems Limited's operational framework. To truly understand why the core technology was so valuable, and what that means for the remaining entity, you need to find out more below.

SeaChange International, Inc. (SEAC) Mission Statement

You're looking for the guiding star of SeaChange International, Inc. (SEAC), but the reality is the company fundamentally changed its mission in 2024. The operating business-the one that built video delivery platforms-was sold to Enghouse Systems Limited. So, the mission of the remaining, publicly-traded SEAC entity has pivoted from being a technology provider to being a pure-play investment vehicle focused on maximizing shareholder return from its remaining cash and assets.

The original, powerful mission that drove the company for decades was to partner with operators, broadcasters, and content owners worldwide to help them deliver the highest quality video experience to consumers. This mission, which created the value that Enghouse acquired, is now a legacy, but it still defines the core competencies that were sold for a net of between $21 million and $23 million in proceeds after the May 2024 asset sale.

Here's the quick math: The company's market capitalization is now around $6.93 million as of November 2025, but it holds a net cash position of approximately $13.98 million, which is about $6.09 per share. The new, implicit mission for the remaining entity is to manage this cash and the remaining equity to deliver that value back to you, the shareholder. That's a defintely different game.

Core Component 1: Delivering the Highest Quality Video Experience

The first core pillar of SeaChange's legacy mission centered on quality in video delivery. This wasn't about just getting video from point A to point B; it was about ensuring a flawless, premium experience for the end-user, whether on cable or streaming (OTT - Over-The-Top). Their technology was instrumental in managing over 100 million subscribers and facilitating over 35,000 channels under management across more than 50 countries.

This commitment to quality is what allowed them to generate a gross margin of 65.50% in the last twelve months (LTM) leading up to November 2025, despite the overall revenue contraction. A high gross margin like that shows customers were willing to pay a premium for the reliability and sophistication of their video delivery software. That's the real-world measure of a quality-focused mission.

• Ensure seamless, buffer-free content delivery.
• Provide robust operator TV and OTT Streaming platforms.
• Maintain high customer satisfaction for recurring subscription revenue.

Core Component 2: Advanced Advertising Insertion Technology

The second critical component was their focus on advanced advertising. In the video world, the content is king, but advertising is the cash cow. SeaChange's mission was to help their partners-broadcasters and operators-monetize their content more effectively using advanced advertising insertion technology. This technology allows for targeted ads, which are far more valuable than generic ones.

Their Advanced Advertising Platform helped generate significant revenue, with over 100 million ads served every month through their systems. For the fiscal year 2024, the company reported total revenue of $21.4 million, and a significant portion of that was tied to these monetization tools, including software licenses, support, and professional services. This component of the mission was a direct response to the market's shift toward personalized, data-driven ad models. It was about making video profitable.

Core Component 3: Cost-Effective Content Monetization and Direct-to-Consumer Services

The final, and perhaps most forward-looking, component of their mission involved enabling cost-effective content monetization, especially through their StreamVid platform. This is where they helped content owners and operators launch and grow their own direct-to-consumer (DTC) services without needing to build the entire infrastructure from scratch. They provided the tools for content ingestion, workflow automation, and user management.

The push here was to move customers from high-cost, legacy systems to more flexible, cloud-native solutions. In the fiscal year 2024, subscription revenue stood at $12.4 million, representing a large and stable portion of their total revenue, which underscores the success of this mission component in creating recurring, predictable income for their clients. The entire history of this focus on content monetization is detailed here: SeaChange International, Inc. (SEAC): History, Ownership, Mission, How It Works & Makes Money. It's a classic case of a technology company building a valuable asset that eventually becomes a prime acquisition target.

SeaChange International, Inc. (SEAC) Vision Statement

You're looking for a clear-cut vision statement for SeaChange International, Inc. (SEAC) in late 2025, but the reality is the company's strategic focus has fundamentally shifted following the sale of its core operating assets to Enghouse Systems Limited. The de facto vision is no longer about video software market share; it's about SeaChange International, Inc. (SEAC): History, Ownership, Mission, How It Works & Makes Money, maximizing the value of the remaining shell company for shareholders.

The company's strategic vision, therefore, boils down to two critical, near-term financial objectives: Capital Preservation and Strategic Deployment, and Maximizing Stockholder Value through the remaining cash and net operating loss (NOL) carryforwards.

Capital Preservation and Strategic Deployment

The immediate strategic vision centers on protecting the cash generated from the asset sale and determining its best use. Honestly, this is the most important part of the current strategy. The core business-multiscreen video solutions and advertising technology-was sold to Enghouse for a total purchase price of $39 million, which was expected to yield net proceeds to SeaChange of between $21 million to $23 million upon closing in 2024.

Here's the quick math on the balance sheet: as of a recent reporting period, the company held about $15.20 million in cash and equivalents, with a very low debt load of just $1.22 million, leaving a net cash position of approximately $13.98 million. The vision is to ensure this cash is not squandered. The action is clear: maintain a strong current ratio, which was recently reported at a healthy 3.63, and carefully vet any new strategic investment.

• Preserve cash and equivalents, currently near $15.20 million.
• Identify a new, accretive business to acquire or merge with.
• Avoid defintely overpaying for a non-core asset.

Maximizing Stockholder Value Post-Asset Sale

The second pillar of the vision, as stated by the CEO during the asset sale announcement, is to 'maximize stockholder value.' Given the company's market capitalization is relatively small at around $6.93 million as of November 2025, the net cash position of $13.98 million is significant.

What this estimate hides is the value of the remaining corporate shell, specifically the U.S. and state net operating loss (NOL) carryforwards. These NOLs are a major asset because they can offset future tax income for a profitable acquired business, making the shell an attractive acquisition target for a profitable private company looking to go public via a reverse merger. The last 12 months showed a loss of -$9.12 million, which contributes to the NOL balance, making this tax shield a key part of the value proposition.

The strategic options to maximize value are limited but powerful:

• Capital Return: Initiate a dividend or a significant share buyback program, though the focus has historically been on strategic transactions.
• Strategic Transaction: Merge with a profitable, growing private company to monetize the NOLs and the cash balance. This is the most likely path.

Strategic Transition and Future Entity Focus

The final component of the vision addresses the future identity of the company. Following the sale of the operating business, SeaChange International, Inc. is essentially a publicly traded shell company with cash and NOLs. The vision is to transition the entity into a new, viable, and profitable business, leveraging its public listing status.

The previous business generated revenue of $32.76 million over the last 12 months, but the new entity must find a path to profitability quickly to utilize the NOLs before they expire or are limited by IRS rules (like Section 382). The stock, trading around $3.25 per share in November 2025, reflects the market's anticipation of this strategic pivot. The action here is to secure a definitive agreement for a reverse merger with a high-growth company in an adjacent or new sector, establishing a new operational vision for the post-merger entity.

SeaChange International, Inc. (SEAC) Core Values

You're looking at SeaChange International, Inc. (SEAC) and trying to map their values, but the reality is the company fundamentally changed after selling its operating assets to Enghouse Systems Limited in May 2024. The core values of the remaining entity, now Tiber Ventures, Inc., aren't about video streaming technology anymore; they're about capital stewardship and shareholder return. It's a different game now, focused purely on the balance sheet.

Here's the quick math: The sale netted the company an estimated $21 million to $23 million in cash. The company's new operational values are defintely centered on how that cash is managed for you, the investor, and what new strategic direction the board pursues.

Fiduciary Responsibility and Shareholder Return

This is the primary directive for any company that has sold its core business: maximize value for the owners. Fiduciary responsibility (the legal and ethical duty to act in shareholders' best interest) is no longer a soft value but a hard, measurable objective for SeaChange International, Inc. The board's focus shifted entirely to strategic alternatives and returning capital.

The clearest demonstration of this value came in the form of a modified Dutch auction tender offer in July 2024. This action showed a commitment to reduce the share count and increase the value of the remaining shares. The company offered to purchase shares for up to $6.16 million of its common stock, ultimately accepting 171,699 shares at a maximum price of $7.25 per share. That's a concrete action that directly benefits the remaining shareholders. You can dig deeper into the company's capital structure and investor base by Exploring SeaChange International, Inc. (SEAC) Investor Profile: Who's Buying and Why?

• Execute capital return programs.
• Prioritize cash deployment efficiency.
• Reduce outstanding share count.

Capital Discipline and Strategic Cash Management

The second core value is a tight, disciplined management of the remaining cash pile. This is about being a good steward of the capital, not burning it on new, unproven ventures without a clear path to profitability. The company's lack of long-term debt as of the end of its fiscal year 2024 (January 31, 2024) already set a strong foundation for this discipline.

The strategic decision to use cash on hand to fund the tender offer, instead of taking on debt, is a clear signal of this value. With the stock trading around $3.25 as of November 2025, the management of this cash is the single most important factor driving the stock price now. The company is essentially a cash-backed security awaiting its next move, so every dollar of cash is critical.

Transparency and Accountability in Governance

For a company in this transitional phase, clear and timely communication is vital. Transparency and accountability become the bedrock of investor trust when the operating business is gone. This value is demonstrated through the detailed public filings and press releases surrounding the major corporate actions of 2024 and 2025.

They've been clear about the name change to Tiber Ventures, Inc. and the purpose of the tender offer, which is crucial for a stock that now trades on the OTC Expert Market. This level of disclosure, especially for a smaller, post-sale entity, holds management accountable to the market for their capital allocation decisions. The market cap is small, but the governance must still be top-tier. The next concrete step for the board is to announce a new acquisition target or a further capital return plan, which will be the ultimate test of their commitment to this value.