Finland's Nokia to acquire venture-backed Nakina Systems
Finland's Nokia Corp has agreed to acquire Nakina Systems Inc, an Ottawa-based software company that provides network integrity management solutions. No financial terms were disclosed for the deal, which is expected to close this quarter. Nokia said the acquisition will increase its security capabilities as it helps customers address demands of hyper connectivity, new regulations and emerging technologies. Nakina Systems has been venture-backed since its founding in 2002. Its current Canadian and U.S. investors include Covington Capital Corp, Export Development Canada and VIMAC Ventures.
24 February 2016•8 mins read
