Nokia is shedding a pair of non-core cloud businesses in the latest move by the beleaguered telecommunications network infrastructure vendor in efforts toward righting its listing operations.

The Finland-based vendor is selling its Device Management and Service Management Platform businesses to Toronto-based Lumine Group for around $200 million. The deal includes approximately 500 current Nokia employees moving to Lumine as part of the deal.

The Device Management business includes software designed to help communication service providers remotely manage home broadband access devices and IoT sensors. The Service Management Platform business is a device customer care product that is used in more than 150 deployments covering more than 1 billion devices.

Nokia acquired most of those business assets when it purchased Alcatel-Lucent in 2016. Alcatel-Lucent gained those operations when it purchased IoT security firm mFormation in 2015, and Motive in 2008.

Lumine, which paints itself as “a global buy-and-hold forever acquirer of communications and media software businesses,” said it will combine the two entities into a single, standalone unit under the Motive brand.

“As experienced corporate carve-out acquirers, our priority is to partner with Nokia to ensure a seamless transition and operational continuity for all customers,” David Sharpley, group president at Lumine Group, noted in a statement.

Nokia stated the deal furthers its recently established move toward “active portfolio management.” This deal is specific to Nokia’s Cloud Network Services (CNS) unit, which is where the two units being sold were held.

The sale follows on recent moves by the vendor so pare down its CNS operations.

Nokia this summer unloaded primary support and ongoing development of its container and cloud infrastructure operations to Red Hat. This included Red Hat absorbing Nokia's Container Services (NCS) and CloudBand Infrastructure Software (CBIS) into its container-focused OpenShift and virtual machine (VM)-focused OpenStack platforms.

That deal involved Nokia sending more than 350 employees to Red Hat and called for Nokia to adopt Red Hat as its “primary cloud infrastructure platform” for the development, testing and delivery of Nokia’s core network applications.

Nokia this year also sold its VitalQIP business to Cygna Labs.

“CNS has executed a clear strategy over the past two years to grow faster than the market by establishing technology leadership and reorienting investment toward strategic areas of 5G core, secure autonomous operations, private wireless and edge, network as code and [software-as-a-service],” Nokia noted in a statement on the Lumine Group deal.

This latest deal comes two months after the vendor announced plans to slash up to 14,000 jobs as part of its latest corporate restructuring. Those job cuts are targeted at saving up to $1.3 billion in operational costs by 2026, and will impact Nokia’s CNS and Mobile Networks businesses and its corporate functions.