Nokia plans to acquire security software provider Nakina Systems
Mon 22 Feb 2016
Nokia has this week announced its planned acquisition of Canadian security firm Nakina Systems – financial details of which are yet to be disclosed.
The two companies had previously worked together in a five-year partnership which saw Nokia use Nakina software in a range of customer projects.
According to an official release, the Finnish company is hoping to use Nakina’s expertise and vendor/technology-neutral capabilities to boost security for its customers, and particularly for those expanding their mobile broadband infrastructure, investing in software-defined networks (SDN), cloud services and the Internet of Things (IoT).
The company is also planning to take on Nakina’s technology to implement identity access, configuration management, and orchestration services in addition to its existing security offering. The acquisition is expected to increase support for customers also facing regulation and legal requirements for their network security.
“Increasing cybersecurity risks created by both insiders and external threats has increased our customers’ need for comprehensive security strategies,” explained Nokia Applications and Analytics president, Bhaskar Gorti. “The planned acquisition of Nakina further strengthens our market leadership, and our ability to help customers protect their most critical assets,” he added.
Mary O’Neil, CEO at Nakina, also commented: “Nakina bridges the security and operational gaps between the promise of cloud networks and operational realities of running high performance heterogeneous networks. With this deal, our customers will benefit from Nokia’s scale, leading expertise and investment scope for software and applications.”
Since the sale of its mobile business to Microsoft in 2014, Nokia has focused its efforts on network technology and security markets. Last month, a €15.6bn merger of the company and French-American rival Alcatel-Lucent became fully operational, and aims to support the development of Long Term Evolution (LTE) technology and fixed broadband hardware, as well as IP routing, small cells and SDN. The proposed annual revenue of the merged group – €25bn – will place it second only in the telecom networking market to Ericsson, with Huawei following in third position.