May 27, 2011
Seachange Responds To Sale Talks Report
Following a report Thursday evening on WSJ.com that Acton-based Seachange International is in sale talks with Georgia-based Arris Group Inc., Seachange issued a statement saying that an internal advisory committee is "continuing to evaluate a range of strategic options."
"Its work is ongoing and the Company will inform investors if there are material developments to report," CEO and Chairman William Styslinger said in the statement.
Seachange is a video software company. Arris Group makes communications equipment used in broadband, telephone and other services. The company has facilities in Waltham.
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