Cloud-based video streaming technology provider MediaKind has entered into an agreement to acquire the video business of Harmonic for approximately $145m.
Following a French employee works council consultation process, the parties would immediately execute a purchase agreement, and the transaction would be expected to close in the first half of 2026, subject to customary regulatory approvals and closing conditions.
According to MediaKind, the transaction creates an independent SaaS streaming infrastructure provider by combining two established video technology organisations with complementary strengths in SaaS streaming, appliance platforms, and cloud AV workloads.
The combined company would serve a blue-chip customer base and generate more than $100m in annual recurring revenue (ARR) and over $150m in annual appliance revenue.
Allen Broome, CEO of MediaKind, said: “This combination would represent a meaningful step forward in our long-term strategy and reflect our commitment to supporting customers with enhanced product solutions. By joining Harmonic’s video business with MediaKind, we would strengthen our ability to invest across our entire portfolio, led by an expanded and complementary research and development platform that will significantly accelerate innovation. Together, we would create the leading independent streaming infrastructure company, giving customers a stronger, more reliable partner to power the future of video.”
Nimrod Ben-Natan, President and CEO of Harmonic, added. “This strategic transaction will, if completed, advance the growth strategies of both companies. It would allow Harmonic to zero in on its core broadband segment, while ensuring the video business, its customers and dedicated employees become part of an organisation committed to the future of video delivery. We are incredibly proud of our video team’s accomplishments and look forward to the next chapter of this business’s growth under MediaKind.”
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