Nokia on Monday announced its plan to acquire Canadian security company Nakina Systems. Financial terms of the deal were not disclosed.
The Finnish technology company plans to use Nakina to support customers facing security threats from mobile broadband expansion, software-defined networks, cloud services and the Internet of Things.
Nokia also intends to use Nakina's technology 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.
"Increasing cybersecurity risks created by both insiders and external threats has increased our customers' need for comprehensive security strategies," said Bhaskar Gorti, president of Applications and Analytics at Nokia. "The planned acquisition of Nakina further strengthens our market leadership, and our ability to help customers protect their most critical assets."
Nokia has focused heavily on the network technology and security market since the sale of its devices unit to Microsoft in 2014. The company last year inked a merger with French telco equipment giant Aclatel-Lucent, valued at €15.6 billion.