Nakina Systems to be acquired by NokiaFebruary 22, 2016
Finnish telecom company Nokia has announced it plans to acquire Canadian software firm Nakina Systems. Nokia said the planned acquisition helps the company support customers facing increasing threats coming from 5G networks, Internet of Things, Big Data, Software Defined Networks and Cloud services.
The companies previously had a five-year partnership that saw Nokia use Nakina’s software in several projects.
“Nakina bridges the security and operational gaps between the promise of cloud networks and operational realities of running high performance heterogeneous networks. With this deal, our customers will benefit from Nokia’s scale, leading expertise and investment scope for software and applications,” said a statement from Mary O’Neil, CEO of Nakina Systems.
The planned acquisition is expected to close in Q1 2016.
Read more about the planned acquisition here.
LaBarge Weinstein LLP is proud to have worked with Nakina Systems over the course of many years and in many capacities. Acting for Nakina in this planned transaction was a team including Debbie Weinstein, Dan Scott, Tayyaba Khan, Estelle Duez, Michael Morgan and Meaghan Mahadeo.