SeaChange Rating Marks a Milestone.

Byline: ANTHONY CRUPI

Traditionally, the occasion of a tenth anniversary calls for gifts made out of aluminum. Someone must have forgotten to tell the Independent Research Group about the custom, because they showed up to the SeaChange International party with a first-year present: Paper.

IRG's buy rating documents CEO and cofounder Bill Styslinger's overriding business philosophy, which is to save MSOs money by keeping operating costs down.

"The first time we experimented with VOD, back when I was with DEC [Digital Equipment Corp.], the cost of a single stream worked out to be about $10,000," Styslinger says. Today that figure is down to an …