Video software manufacturer SeaChange International of Acton reported a 1.7-percent increase in revenue for its most recent quarter while making a substantial dent in its net loss from operations, as the company cited strong demand for new products.
SeaChange International of Acton said 11 multichannel video service providers in four countries have selected the company's content management products to help them deliver for their customers.
Bermuda CableVision, Bermuda's top cable and Internet provider, has selected Acton-based Azuki Systems to support its new television services for tablets and smartphones known as TV everywhere.
First-quarter revenue for video software manufacturer SeaChange International of Acton fell slightly over last year, but the company made a massive dent in its losses, trimming them by about 83 percent, to just above $3 million, the company reported.
Acton-based SeaChange International, which makes multi-screen video software, grew its revenue and generated a profit in the fourth quarter, but saw a decline for its full fiscal year, it reported.
Psychemedics Corp. of Acton reported a 5-percent increase in revenue for 2012, a year in which the maker of highly sensitive drug tests received federal approval for five different modes of analysis in a patented test.