Canadian software company Vecima Networks aims to “challenge Harmonic” for control of cable’s virtualized network tech future with its $20 million "stalking horse" bid for bankrupt Casa Systems’ cable technology business, wrote Dell’Oro Group analyst Jeff Heynen.
“Though Harmonic currently dominates the vCMTS market, holding 98% of global revenue in 2023, a good portion of that revenue comes from Comcast, which was the early mover in deploying vCMTS platforms in the industry,” Heynen said in a Wednesday-afternoon blog posting rendered shortly after Casa Systems announced its bankruptcy.
