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NEC Completes Acquisition of NetCracker Technology

Acquisition Enables Communications Service Providers to Accelerate Business Transformations

TOKYO and WALTHAM, MA October 21, 2008 NEC Corporation (NEC) announced today that it has completed the acquisition of NetCracker Technology Corp. (NetCracker). NetCracker is the leading provider of Operations Support Systems (OSS) for Mobile, Wireline, and Cable Service Providers helping them transform their operations to achieve increased efficiencies and deliver complex new services quickly.

This strategic acquisition underscores NECs long-standing commitment to provide innovative solutions that enable Communications Service Providers (CSPs) to transform their businesses and rapidly deploy new infrastructure and services.

NetCracker will operate as a wholly owned subsidiary of NEC and will be led by its current management team. NetCracker will become the centerpiece of NECs Service Provider software business, adding important products and services to NECs portfolio of mobile and wireline infrastructure products.

NetCracker has a distinguished record of successful OSS transformations with leading CSPs worldwide, said Mr. Kaoru Yano, President of NEC. NetCrackers exceptional software solutions and professional services, combined with NECs innovative offerings, will enable CSPs to accelerate their business transformations.

Together, NEC and NetCracker will enable CSPs to succeed in todays highly competitive world and to solve complex business challenges, said Andrew Feinberg, President and CEO of NetCracker Technology. Our combined resources will provide innovative solutions that enable our customers to transform their businesses through the optimization of telecom and IT networks, acceleration of service delivery, and monetization of content services.

NetCrackers ability to transform the Service Layer and manage Networks and IT from a single platform allows CSPs to speed the delivery of complex new services. Using NetCrackers flexible and scalable solutions, leading CSPs around the world have achieved rapid service delivery, streamlined operations, reduced costs and created closer customer relationships.

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/

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. 2008 NEC Corporation.

About NetCracker Technology

NetCracker Technology, a subsidiary of NEC Corporation, is the proven partner for communications service providers and cable operators offering comprehensive, end-to-end solutions and delivery capabilities to optimize their enterprise. With its global reach, leading-edge technology, and unbroken track record of successful implementations, NetCracker helps eliminate operational and business silos and delivers real-time experience in an on-demand world. For more information, please visit www.NetCracker.com.

NetCracker is a registered trademark of NetCracker Technology Corp. All other company or product names mentioned in this press release may be trademarks or registered trademarks of the respective companies with which they are associated.

Media Contacts:

Juliet Shavit
SmartMark Communications for NetCracker
+1 215-504-4272

Joanna Larivee
NetCracker Technology
+1 (781) 419-3374

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.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. 2014 NEC Corporation.

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