MediaKind, a global leader in cloud-based video streaming technology, has entered into an agreement to acquire the video business of Harmonic for about US$145 million.
According to the companies, the transaction will create a world-class independent Software-as-a-Service (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, serving a blue-chip customer base, is expected to generate more than $100 million in annual recurring revenue (ARR) and over $150 million in annual appliance revenue and as a business 100% focused on video, create an enhanced foundation for long-term growth.
Additionally, this transaction is expected to strengthen financial and operational stability, giving customers greater confidence in the continuity and reliability of their video-infrastructure partner as the market evolves.
By uniting world-class engineering teams, R&D centres and product road maps, MediaKind will accelerate innovation and bring next-generation video solutions to market faster.
With aligned technologies and a shared cloud-neutral strategy, the combined business will be well positioned to deliver new features more quickly and support customers across both cloud and appliance environments.
Allen Broome, CEO, 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.”
Nimrod Ben-Natan, President & CEO, 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.”
The transaction is expected to close in the first half of 2026, subject to customary regulatory approvals and closing conditions.