MWC Update : Nokia To Acquire Security Firm Nakina Systems

nokia-mwc-2016Nokia on Monday announced its plan to acquire Nakina Systems, a Canadian security company, to help customers deal with security issues emanating from mobile networks. The planned acquisition would help Nokia support customers facing increasing threats coming from 5G networks, Internet of Things , Big Data, Software Defined Networks and Cloud services.

The said acquisition will be closed in Q1 of 2016, the company said. Nokia made this announcement at the ongoing Mobile World Congress at Barcelona. However, the financial details are not disclosed.

Nokia also intends to use the planned acquisition to help customers meet growing regulatory and legal requirements for network security. Nokia also intends to use the planned acquisition to help customers meet growing regulatory and legal requirements for network security.

Security is an integral part of any network solution. Nakina would provide Nokia with unique vendor- and technology-agnostic capabilities that allow operators to administer, control and audit security while simplifying the way insiders access critical network assets. With the planned acquisition, Nokia also strengthens its ability to manage privileged identities and isolate network security vulnerabilities.

“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 seventy percent of all security breaches originate from privileged insiders, Nakina gives us the ability to address a rapidly increasing threat for our customers,” said Bhaskar Gorti, President of Applications and Analytics at Nokia.

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.

In another development at MWC, Nokia invested $350 million in Nokia Growth Partners, the venture arm of the Finnish firm, to fund IoT startups.

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