MediaKind acquires Harmonic’s video business for $145 million

Harmonic has decided to divest its video division by accepting an offer from MediaKind valued at $145 million. MediaKind will seek to consolidate a new independent SaaS streaming infrastructure provider serving major global market players.

The combined company, in the words of MediaKind, will serve a first-rate customer base, generate more than £80 million in annual recurring revenue (ARR), more than £110 million in annual device revenue and, as a business focused 100% on video, create an enhanced foundation for long-term growth. In addition, the company expects this transaction to strengthen its financial and operational stability.

In this process, MediaKind will integrate Harmonic’s human resources, R&D centres, and product roadmaps, enabling it to deliver video solutions to the market more quickly with a significant focus on the cloud. In the words of Allen Broome, the company’s chief executive officer: «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, Chairman and Chief Executive Officer of Harmonic, adds: «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 organization 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.»

Following a consultation process with the French works council, the parties will immediately execute a purchase agreement and the transaction is expected to close in the first half of 2026, subject to customary regulatory approvals and closing conditions.