Acton

The board of directors for the Workers' Credit Union approved a payout of more than $2.5 million to members as a result of the credit union's performance in 2014, according to a news release Wednesday from the credit union.

Video software manufacturer SeaChange International of Acton, seeking more business in the Asia-Pacific region, has hired a market veteran to lead its operations on that side of the world, the company announced.

Acton-based employment drug testing company Psychemedics Corp. (NASDAQ: PMD) boosted revenue in fiscal 2014 by 9 percent on “strong new business growth,” CEO Raymond Kubacki said in an earnings statement, but not necessarily because companies are hiring at a greater clip. “New business has accounted for our entire gain, as well as offset softness in the jobs market. While there has been plenty of news recently about the jobs recovery, the fact is, the largest category of gains have been in temporary help,” Kubacki said. For the year, Psychemedics reported revenue of $29.2 million, up from $26.9 million in the previous year, and for the quarter, revenue totaled $6.8 million, versus $6.5 million in the fourth quarter of 2013.

Acton-based video software maker SeaChange International said it has completed its acquisition of Timeline Labs, a California-based social media analytics developer. The acquisition was announced in December, and SeaChange officials say it will support the company's growth strategy by expanding its customer base and extending its expertise to television broadcasting and online video.

Two months after it reported a third-quarter loss and revenue that fell short of expectations, video software manufacturer SeaChange International of Acton said it's cutting about 10 percent of its global workforce in an effort to save $11 million in its current fiscal year.

Wind River Environmental, a group of septic services companies based in Hudson, has bought a similar company in Pennsylvania that will boost business about 30 percent, Wind River's co-founder and top executive said Friday.

The average viewer has little concept of how the content they're watching on television—and, increasingly, on a tablet or iPhone—is delivered. But they expect a seamless viewing experience. That's the paradigm of media consumption today, and it's one that SeaChange International of Acton is counting on as it positions itself to maintain an edge delivering custom video software to video content producers all over the world.

Video software manufacturer SeaChange International of Acton will acquire a California-based company that helps broadcast news organizations manage and analyze social media content, SeaChange announced.

Multiscreen video software maker SeaChange International of Acton yesterday reported a third-quarter loss of 7 cents a share. That was a penny per share better than analysts' consensus estimate.

New business helped drug-testing company Psychemedics of Acton partially shake off sluggish business due to a lackluster hiring and job environment reducing the number of companies needing drug testing, as it posted a modest gain for the second quarter.