News


SeaChange appoints board member as COO

Edward Terino

Edward Terino

SeaChange has appointed Edward Terino, a software industry veteran who has been on the company’s board since 2010, as its new chief operating officer.

Terino will report to chief executive officer Jay Samit and will be responsible for software development, sales, and services globally.

He will continue to serve on the board but will step down from SeaChange’s audit and compensation committees.

“Ed’s demonstrated capacity for delivering operational excellence will reinforce SeaChange’s ability to expand the global footprint for our core software products and services, while continuing to establish our offerings in adjacent markets for premium video delivery and monetisation,” said SeaChange CEO Samit.

In the past five years Terino has served on the board of directors for software and technology companies including Extreme Networks, S1 Corporation, Phoenix Technologies and EBT International.

The news came as SeaChange reported first quarter fiscal 2016 revenue of US$23.2 million and US GAAP loss from operations of US$9.5 million. This compares to fiscal revenue in the same quarter a year earlier of US$24.3 million and GAAP operating loss of US$10.1 million.