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Potential Nokia Managed Services Asset Sale: Will MSSP and MDR (Managed Detection and Response) Security Services Be Involved?
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Nokia may be looking to sell its managed services business, but we don’t know if a potential asset sale could include the company’s MSSP and MDR (managed detection and response) security services capabilities.
Nokia has spent recent months pushing into the 5G wireless market around its core telecom network equipment business. The strategy could include selling its managed services business unit, which generates about $510 million in annual revenue, Bloomberg reported.
Nokia Managed Security and MDR services explained.
In addition to providing business transformation and analytics services, Nokia also offers managed security services – Managed Detection and Response (MDR) for 5G security. The managed security service includes the following
- evaluation services;
- Security infrastructure management;
- risk management;
- Secure configuration and consolidation;
- Audit and Compliance Management;
- Security control lifecycle management; And
- SW and application security services.
We do not know if the managed security services are part of the asset sale. MSSP Alert has reached out to Nokia for comment, and will update this article if we receive information to share.
MSSP and MDR Security: Mergers, Acquisitions and Investments
Meanwhile, M&A and venture capital activity remains strong in the MSSP and MDR markets. Track all MSSP mergers and acquisitions here. Also, these MDR security companies have raised money in recent months:
Demand for MDR security is expected to continue to strengthen through the end of this decade. In fact, the managed detection and response (MDR) security services market will reach $2.2 billion by 2027, representing a 16.7% CAGR (compound annual growth rate) from 2021, according to Infinity Business Insights.
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