Nokia Acquires Access Security Software Leader Nakina
Bowen Advisors Serves as M&A Advisor to Nakina
BOSTON, April 6, 2016 – Bowen Advisors is pleased to announce that its client Nakina Systems, a provider of security and orchestration software for virtual and hybrid networks, has been acquired by Nokia Corporation (NYSE: NOK). With a team led by John Emery, Bowen Advisors acted as the exclusive sellside M&A advisor to Ottawa, Canada-based Nakina.
Nakina’s industry-leading access security solutions further reinforce Nokia’s strong position in security software for service providers at a time when these companies are rapidly bolstering defenses to cope with the increasing demands of hyper connectivity, new regulations and emerging technologies. Nakina’s security solutions are in use at the world’s largest service providers protecting critical mobile, landline and cable network assets. “The acquisition of Nakina is another example of the steps we are taking to build security and privacy into our networks from the beginning,” said Bhaskar Gorti, President of Applications and Analytics at Nokia. “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.”
“Network security threats are exploding in lock step with services and applications shifting to cloud and virtualized infrastructure. Both service providers and enterprises are responding with increasing demand for access, network and endpoint security solutions,” said John Emery. “Bowen Advisors continues to build our security practice and we look forward to working with other innovative companies in this dynamic market to achieve premium outcomes.”
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