Planned acquisition will strengthen Nokia’s Network Security Portfolio
OTTAWA, Ontario - Monday, February 22nd 2016 [ME NewsWire]
(BUSINESS WIRE)-- Nakina Systems today announces its planned acquisition by global technology leader Nokia. The acquisition would strengthen Nokia’s security portfolio through the addition of Nakina’s products and expertise. The announcement is a culmination of a multi-year partnership during which time the companies have successfully collaborated on numerous customer engagements. Terms of the planned transaction, which is expected to close in Q1 2016, are not being disclosed.
“Increasing cybersecurity risks created by both insiders and external threats has increased our customers’ need for comprehensive security strategies,” Bhaskar Gorti, President of Applications and Analytics at Nokia, said. “The planned acquisition of Nakina further strengthens our market leadership, and our ability to help customers protect their most critical assets.”
Nakina’s identity access, configuration management and orchestration solutions are used by some of the world’s largest global service providers. The company’s software enables service providers to avert security breaches and eliminate configuration-related vulnerabilities, while optimizing operational costs, complexity and risks.
“Our customers are facing increasing cybersecurity threats and complexity 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.”
Nakina will be showcasing its network security solutions at Mobile World Congress 2016 in Barcelona, Hall 7, 7J11. Arrange to meet with Nakina representatives at #MWC16.
About Nakina
Nakina offers a suite of Network Integrity applications for securing and optimizing physical and virtual networks. Nakina’s applications are built upon our Network Integrity Framework – an open and modular software platform that abstracts network complexity, normalizes multi-vendor management, and bridges the physical and virtual worlds for management and orchestration. Our software is proven, trusted and protects the world’s largest and most important networks. https://nakinasystems.com
About Nokia
Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.
With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. http://nokia.com
View this news release online at:
http://www.businesswire.com/news/home/20160221005149/en
Contacts
Nakina Systems
Rob Marson, 613-254-7351
Vice President Global Marketing
marketing@nakinasystems.com
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