Merging MediaKind with Harmonic's Video Business combines expertise in SaaS streaming, platforms and cloud video, helping media companies modernise and scale video delivery.
Harmonic, developer of virtualised broadband, has completed the sale of its Video Business to MediaKind, experts in cloud-based video streaming technology, for $145 million.
The transaction marks a major step in the company’s strategic transformation into a company focussed purely on broadband innovation. With the goal of faster broadband services and greener operations, Harmonic's cloud-native, virtualised broadband solution achieves intelligent connectivity from edge to end.
Focus on Broadband
The divestiture of the Video Business is expected to accelerate Harmonic's long-term growth by concentrating the company's resources, capital and operational expertise on its virtualised broadband segment — the fastest-growing business within its portfolio. This transaction also delivers a significant capital infusion to Harmonic, controlling the company’s balance sheet and increasing financial flexibility to invest in innovation, further expand its customer base and pursue growth opportunities in the broadband industry.
“The completion of this transaction is a pivotal moment for Harmonic,” said Nimrod Ben-Natan, President and Chief Executive Officer of Harmonic. “We now turn our full focus and capital toward broadband, where our established footprint with global operators places us in a strong position in the industry's shift to virtualized software-defined broadband networks powered by intelligence capabilities. We are proud of the exceptional work our Video Business has accomplished and are confident they will continue to deliver the same innovation and dedication as a part of MediaKind.”
According to Dell’Oro Group, a specialist market researcher in telecommunications and enterprise networks, Harmonic is a major force in cable broadband equipment, virtual CMTS (Cable Modem Termination Systems) and DAA (Distributed Access Architecture). Harmonic’s vCMTS software schedules times for sending and receiving data packets, and DAA is a method used to decentralise cable networks by relocating certain functions that typically reside in the headend or hub, closer to the end user.
Harmonic’s cOS platform runs broadband services through nearly 46 million CPE devices worldwide for operators in North America, Europe, Latin America and Asia.
Complementary Teams
By merging their company with Harmonic's Video Business, MediaKind has brought together complementary expertise across SaaS streaming, appliance platforms and cloud video systems. The two companies’ highly experienced teams will continue under a single organisation, focused entirely on helping media companies modernise and scale their video delivery operations.
The combined company enters the market with more more than $100 million in annual recurring revenue (ARR), and over $150 million in annual appliance revenue. It serves a global customer base and is well positioned to help the media industry navigate the next era of streaming and video delivery.
MediaKind also welcomes Harmonic's Video employees to the company. Together, the combined team brings decades of innovation, technical excellence and customer attention to a single organization focused entirely on the future of video.
"Bringing these two teams together under one roof creates a stronger, more capable partner for the media industry at a time of significant change." said Allen Broome, Chief Executive Officer of MediaKind. "Outstanding technology, deep expertise and a shared obsession with customer success — we're ready to build something exceptional."
New Website
To coincide with the merger, MediaKind has launched its new website. Visitors can explore how the company is integrating cloud-native software, SaaS services and video infrastructure into a single set of services, delivering greater choice and a comprehensive portfolios for organisations modernising their video delivery operations.
The combined business enters the market with more than $250 million in annual revenue, including over $100 million in ARR and more than $150 million in annual appliance revenue.
Harmonic will host an Investor Day event in New York City on 15 September 2026, giving a detailed look at the company’s core technologies, innovation and growth outlook. The hybrid event will include limited in-person attendance by invitation only and a live webcast available on Harmonic's Investor Relations website. More details will follow in an announcement closer to the event. www.harmonicinc.com www.mediakind.com
