MediaKind Agrees To Acquire Video Business Of Harmonic For ~$145M

• Combined business will be the #1 independent comprehensive streaming-infrastructure platform
• Brings together complementary product teams to drive faster advancement across cloud and appliance technologies
• Furthers MediaKind's mission to redefine the future of media and entertainment through advanced video technology

MediaKind, a global leader in cloud-based video streaming technology, today announced it has entered into an agreement to acquire the Video Business of Harmonic Inc. (NASDAQ:HLIT) for approximately $145 million. 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.

The transaction creates a world-class independent SaaS streaming infrastructure provider by combining two established video technology organizations 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 $100 million in annual recurring revenue (ARR), 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 centers 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.