Terms of the cash and stock deal were not released.
Nakina is a developer of network management software that allows telecom service providers to increase their revenue streams without a big investment in new hardware. The company was founded two years ago and secured a first round of financing worth $6.2 million from Vengrowth Capital Partners in January.
Ipine, also founded in 2001, has a somewhat lower profile than Nakina. However, it operates in the same market niche with its own line of network management products that focus on detecting hacker attacks and other unauthorized violations.
"This is a strategic investment that brings Nakina into the global enterprise network management market while extending our product portfolio from optical discovery and element management into IP data networks and service management, " Nakina president and CEO Dave Vicary, said in a statement.
The combined company will operate under the Nakina name and have about 50 local employees.
Acquiring iPine's expertise will allow Nakina to diversify itself beyond the optical market to data, wireless and enterprise, said Rob Saloman, Nakina's VP of marketing and sales.
Saloman drew upon the analogy of a plumbing system. Nakina focuses on the plumbing and infrastructure, while iPine focuses on what is flowing through the pipes, he said.
Nakina's core product, its Network Tracking and Discovery Engine, is slated for commercial release early in the New Year.
