MediaKind acquires Harmonic's video business for $145 million

Harmonic decides to divest its video division by accepting an offer of MediaKind valued at 145 million dollars, a company that will seek to consolidate a new independent provider of SaaS streaming infrastructure that serves the main global players in the market.

The combined company, in the words of MediaKind, will serve a blue-chip customer base, will generate more than 100 million dollars in annual recurring revenue (ARR), over $150 million in annual device revenue, and as business focused 100% on video, will create an improved foundation for long-term growth. Additionally, the company expects this transaction to strengthen its financial and operational stability.

In this process, MediaKind will integrate the Harmonic human resources, R&D centers and product roadmaps, which will allow it to offer video solutions to the market more quickly with an important focus on the field cloud. In the words of Allen Broome, CEO of the company: "By uniting Harmonic's video business with MediaKind, we would strengthen our ability to invest across our 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, providing customers with a stronger and more reliable partner to drive the future of video."

Nimrod Ben-Nathan, president and CEO of Harmonic, adds: "This strategic transaction, if completed, will advance the growth strategies of both companies. It will allow Harmonic to focus on its core broadband segment, while ensuring that the video business, its customers and its dedicated employees become part of an organization committed to the future of video distribution. We are incredibly proud of the achievements of our video team and look forward to the next chapter of the growth of this business 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.