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 NEC’s 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 NEC’s Service Provider software business, adding important products and services to NEC’s 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. “NetCracker’s exceptional software solutions and professional services, combined with NEC’s innovative offerings, will enable CSPs to accelerate their business transformations.”
“Together, NEC and NetCracker will enable CSPs to succeed in today’s 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.”
NetCracker’s 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 NetCracker’s flexible and scalable solutions, leading CSPs around the world have achieved rapid service delivery, streamlined operations, reduced costs — and created closer customer relationships.
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.
NetCracker Technology, a subsidiary of NEC Corporation, is the leading provider of BSS/OSS solutions to service providers around the world. NetCracker's comprehensive, end-to-end BSS/OSS offering includes billing, customer care, online rating & charging, resource and network management, IT platforms, and service fulfillment & assurance, as well as an extensive professional services portfolio that includes managed services and end-to-end outsourcing. Our innovative, end-to-end BSS/OSS solutions enable service providers to operationalize next-generation connectivity, maximize the convergence of network and IT, monetize content, and deliver a compelling customer experience. 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:
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. © 2013 NEC Corporation.