- NEC Strengthens Global Software Business Helping Communications
Service Providers Accelerate Business Transformation
TOKYO, June 27 /CNW/ - NEC Corporation (NEC) today announced a definitive
agreement to acquire NetCracker Technology Corp. (NetCracker), a US based
software and solutions company with an industry leading track record of
delivering Operations Support Systems (OSS) transformation to communications
service providers across the globe. This strategic acquisition underscores
NEC's long standing commitment to offer innovative solutions to the
communications industry, enabling them to transform their business, and
rapidly deploy new infrastructure and services.
With this acquisition, NEC adds a key element of software and services to
its market leading portfolio of mobile and fixed infrastructure products.
NetCracker's products, services and domain expertise will be integral to
leveraging complementary assets within both companies.
"NetCracker has distinguished itself with a record of successful OSS
transformations and exceptional software solutions and professional services
for leading communications service providers," said Mr. Kaoru Yano, President
of NEC. "The acquisition of NetCracker strengthens NEC's offerings and brings
even greater value to the global communications industry."
"NEC and NetCracker share a vision of operations and business support
systems being critical to communications service providers, enabling them to
build a sustainable competitive advantage," said Andrew Feinberg, CEO of
NetCracker. "NEC's scale and solution offering will help us extend our core
application and services footprint and continue to broaden the solutions we
offer to our global customers."
NEC's communications carrier business is continually expanding and the
company's superior lineup of telecommunication products includes full-line and
full layer support; the early adoption of NGN related business and globally
competitive business models such as Pasolink and submarine cable systems.
NEC will now leverage the acquisition of NetCracker to strengthen its
existing business foundations and to provide total solutions for
communications businesses whose IP and service diversification needs continue
to grow. The company anticipates that Operations Support Systems will
represent a key element to new international growth that is expected to
generate approximately 200 billion yen over the next 5 years.
NetCracker's know-how of transforming Operations Support Systems enables
communications service providers to deploy new services, build operational
excellence and closer customer relationships. As service providers move to an
all-IP environment and become more diversified, the company's expertise
becomes an increasingly essential element of their success. Furthermore, the
ongoing debut of innovative new services, including IPTV, Triple-Play, 3G and
others, provides exciting new opportunities for deploying the next generation
of OSS. NetCracker employs approximately 1,000 people worldwide and its
customers include France Telecom, MTS, Sprint, TELUS, Telstra, UPC and many
other leading communications service providers spanning the globe.
The new business relationship is expected to foster innovative new
solutions that address the needs of communications service providers and
accelerate NEC's international software business. NEC is committed to
retaining the relationships and go-to-market strategies that NetCracker has
developed. Upon the closing of the transaction, NetCracker will operate as an
independent business unit led by its current management team and will become
the centerpiece of NEC's communications service provider software business.
NEC Corporation is one of the world's leading providers of Internet,
broadband network and enterprise business solutions dedicated to meeting the
specialized needs of a diversified global base of customers. NEC delivers
tailored solutions in the key fields of computer, networking and electron
devices, by integrating its technical strengths in IT and Networks, and by
providing advanced semiconductor solutions through NEC Electronics
Corporation. The NEC Group employs more than 150,000 people worldwide. For
additional information, please visit the NEC website at: http://www.nec.com
NetCracker Technology is a leading global Solution Company enabling
Service Providers to deliver rapidly and manage effectively convergent and
content-rich offerings. NetCracker delivers service and resource management
through its software and implementation expertise.
NetCracker's portfolio includes a comprehensive suite of product modules
as well as specialized vertical solutions (such as Triple Play), all
pre-integrated with the NetCracker Framework. Founded in 1993, NetCracker
Technology is headquartered in Waltham, Massachusetts, and can be reached at
+1-781-419-3300 or http://www.NetCracker.com.
NEC is a registered trademark of NEC Corporation. All Rights Reserved.
Other product or service marks mentioned herein are the trademarks of their
respective owners. (c)2008 NEC Corporation.
For further information:
For further information: NEC Corp. Press Contacts: (Japan): Takehiko
Kato, firstname.lastname@example.org, +81-3-3798-6511; Joseph Jasper,
email@example.com, +81-3-3798-6511; (USA): Kosuke Yamauchi,
Kfirstname.lastname@example.org, (212) 326-2504; NetCracker Technology Press Contacts
(USA): Sanjay Mewada, email@example.com, (781) 419-3356