GlobeNewswire by notified

Nokia announces entry into Software-as-a-Service for CSPs with multiple services

Share

Press Release

Nokia announces entry into Software-as-a-Service for CSPs with multiple services

  • Nokia introduces its Software-as-a-Service (SaaS) for communication service providers (CSPs) approach to strengthen business outcomes for CSPs through a highly flexible, fully automated, lower cost software model
  • Nokia SaaS for CSP model enables faster “time to value” for network services
  • Nokia to have multiple SaaS for CSP services in the areas of analytics, security, and data management commercially available in early 2022

17 November 2021 

Espoo, FinlandNokia today announced it is introducing multiple Software-as-a-Service (SaaS) servicesfor communication service providers (CSPs), in an important first step to giving operators a less expensive, more flexible, and more customer-centric pathway for operating their network and delivering new services.

Offering SaaS for CSPs is a natural evolution of Everything-as-a-Service, a key element to Nokia’s overall strategy. It reflects a culmination of steps Nokia has taken in recent years to enhance CSP network operations, including rearchitecting its software applications to make them fully cloud-native and deployable in any cloud environment, edge, public or private.

To seize the 5G opportunity, CSPs need to shift away from the legacy practice of deploying customized software for analytics, security, network management, and other functions, that run on costly, complex, on-premise infrastructure.

To drive that shift, Nokia’s approach to SaaS for CSPs is about improving value and reducing complexity by providing innovative software consumed purely on demand through a subscription, eliminating large up front capital expenditure; by avoiding the need to perform on-site software maintenance and updates; and by accelerating CSPs’ ability to launch new services faster and achieve “time to value” quicker.  

As part of the line-up of SaaS services, Nokia Data Marketplace (NDM) is now commercially available through a SaaS framework to give CSPs an easy and secure way to share and access data. NDM was launched “as a service” earlier this year. The new SaaS version of NDM offers enhanced automation, efficiency and scalability to CSPs and enterprises in a variety of industry verticals, including energy, public sector, transportation, and smart cities.

For the 2021-2025 period, Nokia is targeting a SaaS addressable market, comprised of CSPs and enterprises, with a value of $3.1 billion and an annual growth rate of approximately 25-30%. Nokia is in discussions with several CSPs around the world about using its SaaS services, including security.

With 5G opening up many new cyber security risks due to more access points in networks, CSPs require automated security that greatly shrinks threat dwell time (the time it takes to remove a cyber attacker once detected); reduces manual tasks; and shortens response time in order to keep 5G consumer and enterprise services safe. In addition to delivering those benefits, Nokia’s new SaaS-based NetGuard Cybersecurity Dome, to be commercially available in early 2022, enables CSPs to assure 5G networks and monetize security tied with services like 5G slicing.

Nokia Anomaly Detection, a machine learning service aimed at finding and remediating network anomalies before they affect network customers, is another product to be offered through a SaaS model. Based on Nokia Bell Labs technology, Nokia Anomaly Detection helps CSPs improve operational efficiency and will also be commercially available in early 2022.

As it introduces SaaS services in a simplified delivery model, Nokia expects to combine these independent services into three high-value SaaS “suites” focused on Digital Engagement, Marketplaces and Networking, each composed of integrated SaaS services. Some SaaS services within these suites, such as security, will provide value across suite domains.

Nokia has other SaaS for CSP services that will be announced in early 2022.

Caroline Chappell, Research Director at Analysys Mason, said: “SaaS is the software consumption model of the future. It is nascent in the telco market today but our research shows that leading operators understand its benefits and are waiting for vendors to respond. It is good to see a mainstream vendor like Nokia making an early move into SaaS-based delivery. This will position Nokia well to serve operators that need to accelerate the adoption of new cloud-based technologies at scale, such as 5G, IoT, edge computing and AI. CSPs must transform themselves to capitalize on these technologies, and the switch to SaaS delivery models is a critical component of their digital transformation strategies.”

RaghavSahgal, President of Cloud and Network Services at Nokia, said: “The convergence of 5G, cloud native software and SaaS creates a great and fast-growing opportunity for Nokia. With the groundwork we’ve already been laying, our SaaS delivery framework is in a very strong competitive position. It enables a combination of rapid time to value with on-demand access for Nokia SaaS applications and low cost of ownership, based on a pay-as-you-go / pay-as-you-grow commercial model. This is a multi-year journey and we are going at it aggressively.”

Additional Resources

About Nokia

At Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Media Inquiries

Communications
E-mail: press.services@nokia.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

SBM Offshore signs FPSO Alexandre de Gusmão contracts30.11.2021 07:00:00 CET | Press release

November 30, 2021 SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre deGusmão. These contracts follow the signing of the binding Letter of Intent as announced on August 3, 2021. FPSO Alexandre deGusmão will be deployed at the Mero field in the Santos Basin offshore Brazil, approximately 160 kilometers from Arraial do Cabo, Rio de Janeiro state. Mero is a project under Libra Consortium responsibility, in which Petrobras is the operator with 40 percent and with the following partners: Shell Brasil with 20 percent, TotalEnergies with 20 percent, CNODC and CNOOC Limited with 10 percent each, together with Pré-sal Petróleo S.A. (PPSA) as manager of this contract. SBM Offshore is progressing with the design and construction using its industry leading Fast4Ward® program. First oil is expected in 2025. CorporateProfile The Company’s main activities are the design, supply, installation, o

Ultimovacs ASA: Mandatory notification of trade by primary insider29.11.2021 20:15:15 CET | Press release

Oslo, 29 November 2021, Carlos de Sousa, Chief Executive Officer and primary insider in Ultimovacs ASA, has today bought 1,000 shares in the company at a price of NOK 114.00 per share, and a closely related party has today bought 1,000 shares in the company at a price of NOK 114.00 per share. Following this transaction, Carlos de Sousa and closely related parties hold 14,056 shares and 416,035 share options in Ultimovacs ASA. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act. Attachments 20211129 - Ultimovacs Notification of trade - KRT-1500 220211129 - Ultimovacs Notification of trade - KRT-1500 1

PRESS RELEASE: BIGBEN: 2021/22 HALF-YEAR RESULTS29.11.2021 19:24:15 CET | Press release

Bigben Press release Lesquin, 29 November 2021 18:00 hrs Unfavourable comparison basis for HY1 2021/22 : Sales: 124,2 M€ (-8,5%)Current Operating Income: 9,9 M€ (-41,6%) i.e. 8,0% of salesNet profit : 6,9 M€ (-28,6%) Adjustment of 2021/22 targets: Sales between 270 and 300 M€Current Operating Income around 24 M€ Upgraded2022/23targets: Sales between 400 and 450 M€ with a Current Operating Margin (1) >14% BIGBEN INTERACTIVE (ISIN FR0000074072) today releases its consolidated results for 1st Half Year 2021-22 (from April 1, 2021 to September 30, 2021) as approved by its Board of directors on 29 November 2021. Consolidated in M€ - IFRS09/202109/2020 ChangeSales124,2135,8-8,5%Gross margin (1) In % of Sales EBITDA (2) In % of Sales 51,4 41,4% 24,6 19,8% 57,3 42,2% 33,4 24,6%-10,3% -26,4%Current operating income EBITA In % of Sales Non recurrent items 9,9 8,0% (5,8)16,9 12,5% (2,3) -41,6% Operating income In % of Sales 4,1 3,3%14,7 10,8%-71,8%Financial result incl. Currency gain /(loss) incl

PRESS RELEASE: NACON: HALF-YEAR RESULTS 2021/2229.11.2021 18:56:58 CET | Press release

Nacon Press release Lesquin, 29 November 2021, 18:00 hrs HY 1 2021/22 impacted by an unfavourable basis comparison: Sales: 73.0 M€ (-15.7%)Current Operating Income: 8.4 M€ (-46.3%), i.e. 11,6% of salesNet profit: 3.8 M€ (-60.4%) Ajustmentof 2021/22targets: Sales between 150 and 180 M€Current Operating Income close to 20 M€ Upwardrevision of 2022/23targets: Sales between 250 and 300 M€ with a COI rate* > 20% NACON (ISIN FR0013482791) today releases its audited consolidated results for the first half of fiscal year 2021/22 (from April 1 to September 30) as approved by its Board of directors on 29 November 2021. Consolidated in M€ - IFRS09/202109/2020 ChangeSales73,086,6-15,7%Gross margin (1) In % of Sales EBITDA (2) In % of Sales 38,0 52,1% 21,4 29,3% 45,3 52,3% 30,4 35,1%-16,0% -29,7%Current operating income EBITA In % of Sales Non recurrent items (including Bonus Shares)8,4 11,6% (4,0)15,7 18,2% (1,8) -46,3% Operating result In % of Sales4,5 6,1%13,9 16,1%-67,8%Financial result Includi

Leasinvest Real Estate NV: Minutes of the Extraordinary General Meeting of 29 November 2021 – Change of Name – Corporate Governance Charter – Executive Committee29.11.2021 17:40:00 CET | Press release

LEASINVEST REAL ESTATE NV: MINUTES OF THE EXTRAORDINARY GENERAL MEETING OF 29 NOVEMBER 2021 – CHANGE OF NAME – CORPORATE GOVERNANCE CHARTER – EXECUTIVE COMMITTEE Minutes of the extraordinary general meeting of 29/11/2021 The legally required attendance quorum was achieved so the Extraordinary General Meeting (EGM) of 29/11/2021 was able to deliberate validly. All the proposed resolutions on the agenda were adopted, including the resolutions to change the name from Leasinvest Real Estate NV to Nextensa NV and to approve the updated remuneration policy. The minutes of the meeting provide a detailed summary of all proposed resolutions on the agenda and the votes casted regarding the resolutions and are available on the website (henceforth www.nextensa.eu) here https://nextensa.eu/en/investor-relations/general-meetings/ . In the votes, due consideration was given to the double voting rights that were introduced at the EGM of 19/07/2021, as a result of which registered shareholders listed i