NEC to Acquire NetCracker, a Leader in Operations Support Systems
27 Juni 2008 - 10:30AM
PR Newswire (US)
TOKYO, June 27 /PRNewswire-FirstCall/ -- - NEC Strengthens Global
Software Business Helping Communications Service Providers
Accelerate Business Transformation 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. About NEC 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/ About NetCracker 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. NEC Corp. Press Contacts (Japan): Takehiko
Kato +81-3-3798-6511 Joseph Jasper +81-3-3798-6511 (USA) Kosuke
Yamauchi +1-212-326-2504 NetCracker Technology Press Contacts (USA)
Sanjay Mewada +1-781-419-3356 DATASOURCE: NEC Corporation CONTACT:
NEC Corp. Press Contacts: (Japan): Takehiko Kato, ,
+81-3-3798-6511. Joseph Jasper, , +81-3-3798-6511. (USA), Kosuke
Yamauchi, , +1-212-326-2504. NetCracker Technology Press Contacts(
USA), Sanjay Mewada, , +1-781-419-3356
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