On January 28, 2015, Roumell Asset Management, LLC announced that, as a result of subsequent actions by SeaChange International, Inc., it no longer views a stock buyback program by the Company is needed. To that effect, Roumell sent a letter to the Company. In the letter, Roumell wrote that after watching the initial actions of newly appointed CEO, Jay Samit, over the past several months, and after a lengthy meeting with Samit last week, Roumell wants to applaud the Board's decision to hire him.

In addition, Roumell stated that it is impressed with the Company's recent acquisition of Timeline Labs, introduced by Samit. Further, Roumell stated broadcasters are concerned that they are not being properly compensated for non-linear viewing, something NewCoin seeks to address in conjunction with the analytics developed at Timeline. In additio, Roumell stated that these announcements underscore Samit's vision to exploit the Company's unique industry position and deep industry contacts to grow the Company beyond serving traditional cable companies to now serve consumers in whichever format they choose to view content.

Furthermore, Roumell wrote that management has assured it that the balance sheet will remain cash-rich and that the Company is focused on rationalizing its R&D budget. Further, Roumell wrote that it is supportive of the Board's direction.