MediaKind is set to acquire Harmonic Inc.'s Video Business to create a leading independent video technology platform.

Overview of the Target

MediaKind, a leader in cloud-based video streaming technology, has entered into an agreement to acquire the Video Business of Harmonic Inc. This strategic move is expected to create a dominant independent video technology platform, combining the strengths of two highly respected teams in the industry. MediaKind has a proven track record of providing services to over 2,000 global service providers, operators, content owners, and broadcasters, reinforcing their position as a key player in the media and entertainment sector.

The CEO of MediaKind, Allen Broome, emphasized the significance of this acquisition as a pivotal step in the company’s long-term strategy, aimed at enhancing customer offerings. By integrating Harmonic's Video Business, MediaKind is set to provide a more robust partner, equipped with the required innovation and scale to address future demands in video delivery technology.

Industry Overview in the United States

The video technology industry in the United States is experiencing rapid evolution due to increasing consumer demands for high-quality streaming services. Video consumption patterns are shifting, leading to a growin