In a bizarre series of events, SeaChange International—a name we bid farewell to two years ago—has rejected a $34 million takeover from enterprise software giant PartnerOne, after agreeing to a more appealing offer from Canadian video management vendor Enghouse Systems, for a total of $39 million. One of the least kept secrets in media and entertainment is that SeaChange’s board have been seeking a suitable buyer for several years. When SeaChange was founded back in 1993, the choice of name was supposed to reflect how the software vendor would be the driving change for providers of linear TV, VoD content, time-shift, and even enterprise software. The company achieved that very successfully, but the effect of commoditization of its portfolio and the…