MARKHAM, Ontario—Enghouse Systems Limited has announced it has successfully completed its 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 (after the deduction of SeaChange's cash and cash equivalents at the closing date).
Enghouse noted that SeaChange's annual revenues are currently expected to be approximately $18 million.
