Nokia acquires Ottawa's Nakina Systems

Nokia is strengthening its security profile with the weekend announcement that it is acquiring Ottawa-based Nakina Systems, the multinational communications tech firm says.

“Increasing cybersecurity risks created by both insiders and external threats has increased our customers’ need for comprehensive security strategies,” Nokia’s applications and analytics president Bhaskar Gorti said in a statement.

Mr. Gorti, who was previously president of IP platforms for Alcatel Lucent before it was acquired by Nokia, said the acquisition will assist the company in helping its customers “protect their most critical assets.”

Nakina said in a statement that the deal is a “culmination of a multi-year partnership” with the Finnish company.

“Our customers are facing increasing cybersecurity threats and complexity arising from new technologies such as mobile broadband expansion, NFV and SDN,” Nakina CEO Mary O’Neill said in a statement. “We are excited to become part of Nokia and use this exciting opportunity to help our customers address these challenges head-on.”

Terms of the deal, which is expected to close in the first quarter of 2016, were not disclosed.

Nakina’s customers include some of the largest global service providers in the world, which use its software to avoid security breaches while optimizing operating costs.