Is Nokia’s MSSP and MDR security business for sale?

by Joe Panettieri • Jul 24, 2022

nokia Perhaps is looking to sell its managed services businessbut we don’t know if the potential asset sale could include the company’s MSSP and MDR (managed detection and response) security service capabilities.

Nokia has spent the past few months turning around its core telecommunications network equipment business while deepening the 5G wireless market. The strategy may include selling a managed services business unit that generates approximately $510 million in annual revenue, Bloomberg reported.

Nokia Managed Security and MDR services explained

In addition to offering business transformation and analytics services, Nokia also offers managed security services, including managed detection and response (MDR) for 5G security. Managed security services also cover:

• appraisal services;
• Security infrastructure management;
• Vulnerability management;
• Secure configuration and hardening;
• Audit and compliance management;
• Security control lifecycle management; and
• Software and application security services.

We don’t know if managed security services are part of the potential asset sale. MSSP Alert has contacted Nokia for comment and will update this article if we receive any information to share.

MSSP and MDR Security: mergers, acquisitions and investments

Meanwhile, mergers and acquisitions and venture capital activity remain strong in the MSSP and MDR markets. Track all MSSP mergers and acquisitions here. Also, these MDR security companies have raised funds in recent months:

Demand for MDR security is expected to remain strong at the end of this decade. Indeed, the Managed Security Detection and Response (MDR) Services Market will reach $2.2 Billion by 2027, growing at a CAGR (Compound Annual Growth Rate) of 16.7%, from 2021, according to Infinity Business Insights.