February 22, 2016
Nokia plans to acquire Canadian software firm Nakina Systems. The companies previously had a five-year partnership where Nokia used Nakina’s software in several customer projects. The announcement made at Mobile World Congress in Barcelona, Spain, will see Nakina, which specializes in security and orchestration software for virtual and hybrid networks, become a fully-owned division once the acquisition closes sometime this quarter.
“Security is an integral part of any network,” Nokia said in a release. “(This) helps Nokia support customers facing increasing threats coming from 5G networks, Internet of Things, big data, Software Defined Networks and cloud services.
The purchase of the Ottawa-based firm also “strengthens Nokia’s “ability to manage privileged identities and isolate network security vulnerabilities.
“These capabilities are important for operators wanting to protect their networks and avert service interruptions that could damage or degrade customer experience, cause revenue loss and/or lead to service level agreement penalties. Nakina’s main customers operate some of the world’s most demanding networks and include some of the world’s largest global service providers.”
Bhaskar Gorti, president of applications and analytics at Nokia, said “the planned acquisition of Nakina is another example of the steps we are taking to build security and privacy into our networks from the beginning. As 70% of all security breaches originate from privileged insiders, Nakina gives us the ability to address a rapidly increasing threat for our customers.”
Company CEO Mary O’Neil said “Nakina bridges the security and operational gaps between the promise of cloud networks and operational realities of running high performance heterogeneous networks.
Meanwhile at a press conference last night, Nokia president and CEO Rajeev Suri, said the company will “dramatically increase” its investment in 5G this year.
“5G must happen fast because important IoT use cases demand it. If we know that (it) can help save lives, improve our environment and make our lives better, we need to move faster, not slower.”
Suri added that progress with the integration of Alcatel-Lucent is going “smoothly and effectively.”