Channel Brief: ConnectWise Strengthens Asio With Backup, Cybersecurity

Nokia has recast its 2024 financials after shifting its Mobile Networks and Cloud and Network Services managed services business segments for Q1-Q4 2024.

Effective January 1, 2025, Nokia moved its managed services business into its Mobile Networks business group. The managed services business provides outsourced network management of multi-vendor RAN networks for operators and, since 2021, has been part of Nokia’s Cloud and Network Services business group. 

However, Nokia's Cloud and Network Services business group is increasingly transitioning towards cloud-native software sales, 'as-a-service' product offerings and helping customers to monetize networks through APIs. Nokia believes that Managed Services is more aligned and fits better with its Mobile Networks business group.

That recast financial information adjusted the company’s performance in 2024, with Mobile Networks now reporting net sales totaling €8.159 billion ($8.8 billion) and an operating profit of €452 million ($489 million) for the year. The segment’s gross margin averaged 39.5% over the four quarters. Cloud and Network Services, in contrast, showed net sales of €2.589 billion ($2.8 billion) and an operating profit of €206 million ($223 million), with a gross margin of 44.7% for the same period.

As always, drop me a line at sharon.florentine@cyberriskalliance.com if you have news to share or want to say hi!

Grab your coffee. Here's what you need to know today.

Today’s Tech, Channel and MSP News

1. ConnectWise strengthens Asio platform: ConnectWise this week announced it is bolstering its Asio platform by including ConnectWise Security360 and ConnectWise Backup360 at no additional cost. The move strengthens the cybersecurity and data protection capabilities available to MSPs.

2. SlashNext launches AI email filtering: Email security provider SlashNext this week introduced a new advanced URL analysis feature that uses AI to scan unknown URLs to identify complex attacks. The feature uses computer vision and natural language processing to recognize malicious content that may otherwise be overlooked through the entire attack chain.

3. Darktrace Federal achieves FedRAMP High ATO: Darktrace Federal has achieved its Federal Risk and Authorization Management Program (FedRAMP) High Agency Authority to Operate (ATO). This enables Darktrace Federal’s Cyber AI Mission Defense, and Cyber AI Email Protection to meet the FedRAMP High-security requirements, and Darktrace Federal can now handle the U.S. federal government’s most sensitive, unclassified data in cloud environments.

4. CoreWeave could make $2.3B+ in IPO: Reuters reported that NVIDIA-backed AI startup CoreWeave is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday. That price would translate into an offering of $2.3 billion to $2.7 billion for CoreWeave, the anonymous sources said.

5. MSFT VP joins Netrio board: Netrio this week announced that Lori Borg, vice president Americas, go-to-market strategy, global partner solutions at Microsoft, has joined its board of directors. Borg's addition to the board will help guide the company through its next growth phase. Borg's leadership experience will be leveraged to drive Netrio’s go-to-market strategy, develop stronger partnerships, and enhance the overall customer experience. 

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