Nokia Bolsters Security Portfolio with Acquisition of Canadian firm Nakina Systems

by Matt Klassen on February 23, 2016

Nakina_No_Tag_webreadyIn a time when companies are scrambling to shore up their digital defences to ward of increasingly intrusive and devastating cyberattacks, Nokia is emerging is a major player in the related fields of network management and data security. To that end, the Finnish company announced earlier this week its intention to acquire Canadian identity-access management security firm Nakina, all part of Nokia’s plan to bolster its security portfolio.

As Bhaskar Gorti, President of Applications and Analytics at Nokia explains, “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.”

Simply put, Nokia is re-building itself from the ground up, foregoing its old identity as a sluggish mobile behemoth in favour of a dynamic network management and security firm, and given the need for such comprehensive security solutions in the business world, the Finnish company may turn out to be the greatest tech comeback story we’ve ever seen.

Since its divestment of its mobile division to Microsoft in 2014, Nokia underwent a radical identity shift, moving away from the mobile industry that made it one of the world’s most successful tech companies, into unknown waters of network management and security solutions, with disparate businesses in mapping, network equipment and patent licensing; a pale shadow of its former self.

But CEO Rajeev Suri, the former head of the networking division, decided to focus almost exclusively on that area, enhancing its networking brand through the acquisition of rival Alcatel-Lucent and selling off its extraneous assets. While it’s true to say that this revamped Nokia is a shadow of its former self, that isn’t necessarily a negative thing, as Nokia has shed its image of stubbornness towards change and embraced a new dynamic identity.

With the acquisition of Nakina, it’s clear the Finnish firm sees the potential in providing enhanced data security solutions, particularly as businesses face an almost constant threat of cyberattacks and an uncertain future regarding their abilities to both stop such attacks and mitigate their losses. Further, as the Nokia press release explains, the “planned acquisition helps Nokia support customers facing increasing threats coming from 5G networks, Internet of Things, Big Data, Software Defined Networks and Cloud services”

To that end, Nokia clearly intends to use Nakina’s software to “add identity access, configuration management and orchestration services to its security portfolio. What’s more, the acquisition will give Nokia a stronger suite of services for customers facing regulatory and legal requirements within network security,” ZDNet’s Natalie Gagliordi explains.

“Increasing cybersecurity risks created by both insiders and external threats has increased our customers’ need for comprehensive security strategies,” said Nokia’s Gorti, president of Applications and Analytics. “The planned acquisition of Nakina further strengthens our market leadership, and our ability to help customers protect their most critical assets.”

But even as Nokia transforms itself into a data management and security solutions firm, the company has made it clear that it hasn’t forgotten its roots, also announcing this week that it will again dabble in the consumer side of the mobile market as well, although few details were forthcoming.

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Written by: Matt Klassen. Follow by: RSS, Twitter, Facebook, or YouTube.

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