The acquisition will bring together two established video technology providers to form an independent SaaS streaming infrastructure company.
MediaKind, a major player in cloud-based video streaming technology, has entered into an agreement to acquire the video business of Harmonic Inc. in a transaction valued at approximately $145m. The two companies will move to sign a purchase agreement immediately after completing a French employee works council consultation process. The deal is expected to close in Q1 2026, pending standard regulatory approvals and closing conditions.
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 will serve a blue-chip customer base, generate more than $100m in annual recurring revenue (ARR), over $150m 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 integrating engineering talent, 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.
Speaking about the acquisiton, 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 chief executive officer 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.”
