NetCracker wins "Product of the Year" Award at BILLING. IT Telecom

Waltham, Mass. – December 20, 2005 – NetCracker Technology, the global Solution Leader enabling service providers to deliver and manage converged services, today announced that its Service Inventory module won the prestigious "Product of the Year" award at BILLING. IT Telecom. NetCracker's Service Inventory module accelerates Communications Service Providers' (CSPs') ability to create and provision existing and next generation services across all layers.

The Service Inventory's robust and flexible Service Catalog enables the CSP to rapidly define and introduce new converged services. It allows the CSPs to mix and match components to create a unique service bundle in real time. By decoupling the network and IT infrastructure from the service components, CSPs are able to create and deliver services faster without having to make wholesale changes to the physical infrastructure.

NetCracker's inventory of service configurations, combined with its ability to work across siloed inventories at the network and service layers, accelerates the time to market for new services, which is a competitive advantage that CSPs across the globe are looking to achieve.

BILLING. IT Telecom, which took place December 7 to 9 in Moscow, gathered industry leaders to examine innovative operation and business approaches of telecom operators and service-providers.

"This award highlights the strength of our product offerings and remarkable commitment and talent of our team," said Andrew Feinberg, president and CEO, NetCracker Technology. "Successful communications service providers are those that can effectively deploy and manage converged services. NetCracker gives them the means to do this."

About NetCracker Technology

NetCracker Technology is the 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 was acquired by NEC Corporation in 2008. NetCracker Technology is headquartered in Waltham, MA, and can be reached at +1-781-419-3300 or www.NetCracker.com.