MediaKind and Harmonic's Video Business Set to Combine, Creating a Leading, Independent Video Technology Platform

One Equity Partners (“OEP”), a middle market private equity firm, today announced that portfolio company MediaKind, a global leader in cloud-based video streaming technology, has entered into an agreement to acquire the Video Business of Harmonic Inc. (NASDAQ: HLIT).

“This combination brings together two of the most respected video technology teams in the industry,” said Andrew Dunn, Partner at One Equity Partners. “By uniting complementary strengths across SaaS, cloud, and on-premise solutions, the combined company will become the leading independent partner powering the future of video delivery and streaming infrastructure.”

“We’re grateful for OEP’s continued support,” said Allen Broome, CEO of MediaKind. “This is a meaningful step forward in our long-term strategy and reinforces our commitment to customers. By bringing Harmonic’s Video Business into MediaKind, we will offer an even stronger, more focused partner with the scale and innovation engine needed for the next decade of video.”

“As video consumption continues to evolve, the industry increasingly depends on technology partners with depth, agility, and specialization,” said Jamie Koven, Partner at One Equity Partners. “This transaction creates an organization 100% dedicated to video technologies, equipped to deliver next-generation solutions with even greater speed and impact.”

About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 500 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

About MediaKind:
At MediaKind, we are trailblazers in the video technology landscape, empowering over 2,000 global service providers, operators, content owners, and broadcasters. Our award-winning video technology sets a new bar for quality of experience, and our commitment to innovation and excellence has been driving the media and entertainment industry to new heights for three decades, while our cutting-edge solutions deliver unmatched viewing experiences across linear, on-demand, and OTT services. As a catalyst for live entertainment and an Emmy award-winning leader, we remain a trusted partner in shaping the future of media and entertainment worldwide. For more information, please visit: www.mediakind.com.

About Harmonic:
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry’s first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers’ homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.