Nokia to launch cloud-based software subscription service – Reuters

A bike owner rides previous a Nokia emblem By way of the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman

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STOCKHOLM, Nov 17 (Reuters) – Nokia (NOKIA.HE) said on Wednesday it plans to launch a cloud-based mostly Computer software subscription service concentrating on telecom corporations for offering Computer software round analytics, safety and knowledge administration.

Many know-how corporations have been shifting in the direction of a subscription mannequin from upfront licensing To assemble a predictable, recurring enterprise.

Whereas A pair of of Nokia’s Computer software portfolio Shall be provided beneath subscription from this yr, extra Shall be commercially out there in early 2022.

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When Nokia created its Computer software division in 2016, The thought was to get into subscription too, however we by no means executed, Senior Vice chairman Mark Bunn said in an interview.

“Now We now have executed on it … We now have assembleed beneathlying know-how To have The power to opeprice at scale,” he said.

A cloud-based mostly Computer software platform can decrease prices, make it simpler to deploy and handle, and clients can try the platform earlier than committing for prolonged-time period use.

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