Nakina Systems to Be Acquired By Nokia
FREMONT, CA: The Finnish Communication and IT giant, Nokia has decided to acquire the Canadian Software company Nakina Systems. The acquisition will strengthen Nokia’s security profile in communication technology space comprising of latest trends such as IoT, Big Data, SDN, Cloud, and 5G networking. The terms of transaction have not been disclosed and are expected to be out in the first quarter of 2016, reports Business Wire. Nakina Systems and Nokia have successfully collaborated on numerous customer engagements in the past.
“Our customers are facing increasing cyber security threats and complexities arising from new technologies such as mobile broadband expansion, NFV, and SDN,” said Mary O’Neill, CEO, Nakina Systems. “We are excited to become part of Nokia, and use this exciting opportunity to help our customers address these challenges head-on.”
Built on Network Integrity Framework, Nakina offers Network Integrity applications that secure and optimize physical and virtual networks. The advantage of utilizing Network Integrity Framework lies in its open and modular structure that simplifies network complexity, and normalizes multi-vendor management. Further, the framework helps in bridging the physical and virtual worlds for the management.
Some of the world’s largest global service providers already employs Nakina’s identity access, configuration management and orchestration solutions. The software solutions offered by the company helps avert security breaches and eliminate configuration-related vulnerabilities. Further, these solutions help optimizing operational costs, complexity and risks.
Nokia is engaged in helping communication service providers, governments, and large enterprises with 5G, Cloud and the IoT. It is at the forefront of creating and licensing technologies powered by the innovation at Bell Labs and Nokia Technologies. “Increasing cyber security risks created by both insiders and external threats has increased our customers’ need for comprehensive security strategies,” said Bhaskar Gorti, President, Applications and Analytics, Nokia. “The planned acquisition of Nakina further strengthens our market leadership, and our ability to help customers protect their most critical assets,” he added.