NetCracker Celebrates Record Growth and Profitability
Tier 1 wins in North America, Europe and Asia Pac fuel the company's global expansion
Waltham, MA – April 6, 2004 – NetCracker Technology, a leading provider of OSS and IT Infrastructure Management solutions, today announced a strong finish to 2004's first quarter that included new customers, new employees and a new product release.
Already this year, NetCracker has had major customer wins that strengthen its customer base and leadership in the OSS market globally. In the first quarter of 2004 NetCracker secured a number of strategic relationships:
- MGTS (Moscow City Telephone Network), one of the biggest local wire telecommunications companies in Europe that delivers communication services to over 4.5 million subscribers and employees over 20,000 people;
- Swisscom Broadcast, Switzerland's leading infrastructure provider for broadcast services and nationwide transmission of radio and television programs;
- U.S. Army National Guard, a leading branch of the US Department of Defense that owns and operates telecommunication networks in 54 US states and territories;
- Major Western European Broadband provider that delivers television, internet, and telephony services to over eight million customers in eleven countries across Europe;
- Leading US national broadband service provider of high-speed Internet over DSL with network access that passes more than 45 million homes and businesses in 35 states – the largest nationwide footprint of any DSL company;
- Australia's leading telecommunications and information services company that offers a full range of services and competes in all telecommunications markets throughout Australia, providing more than 10.3 million Australian fixed line and more than 6.5 million mobile services.
NetCracker solutions are continuously chosen by leading service providers over other products available on the market. Some of the reasons contributing to this ongoing success include:
- Rich out-of-the-box functionality that includes equipment, provisioning, and business rules templates and best practices;
- Broad product breadth that includes Network Inventory, Outside Plant, Asset and Order Management, Telecom Cost Management and Discovery and Reconciliation;
- Support for multiple technologies for modeling and managing Layers 1 through 3 from POTS to MPLS;
- Mature and proven software architecture that allows for ultimate scalability, extensibility, and accessibility.
NetCracker is the only OSS company in the world to have been delivering fully web-based J2EE solutions to its customers for over 5 years. As a pioneer in J2EE applications, NetCracker has deployed its web-based solution in dozens of customers around the globe. NetCracker's latest product release, announced in March, is already being implemented in several key accounts. In addition, Billing World and OSS Today has recently recognized NetCracker as one of the top companies for "Achievement in Innovation."
NetCracker's year after year revenue growth has consistently increased, making NetCracker one of the fastest growing OSS companies in the world. The company's strong history of profitability has made NetCracker a clear choice for many leading carriers around the globe who view NetCracker's financial stability as key to a successful long-term partnership. NetCracker's success is spurring the addition of dozens of employees at the company's Waltham, Massachusetts headquarters and its European offices, as well as in field offices across the world.
"Powerful Q1 2004 results following the record growth and profitability in 2003 continue our upward trajectory and solidify our position as an industry leader," said Andrew Feinberg, CEO and President of NetCracker. "Our success is due to our powerful and proven technology, partner-like approach to our customer relationships, and most importantly the remarkably talented team of employees around the world."
Feinberg will represent the company as a featured speaker at the TeleManagement Forum's TeleManagement World in Nice, France. His talk, Big New Things – Push to Talk and OSS will be on Tuesday, May 18, 2004. In addition, NetCracker Vice President Julie Wingerter will present on "OSS and Service Delivery" at the Caspian Telecoms Conference, April 14–16, 2004 in Istanbul, Turkey. The company is also participating in the Billing World 2004 Conference & Exhibition, May 5–7, 2004 in Washington, D.C. NetCracker will be demonstrating its suite of OSS and IT Infrastructure solutions at each of these events.
About NetCracker Technology
NetCracker Technology, a subsidiary of NEC Corporation, is the leading provider of Telecom Operations and Management Systems to Communications Service Providers worldwide. www.NetCracker.com.
NetCracker is a registered trademark of NetCracker Technology Corp. All other company or product names mentioned in this media alert may be trademarks or registered trademarks of the respective companies with which they are associated.
Media Contacts:About NEC Corporation
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 140,000 people worldwide. For additional information, please visit the NEC website at: http://www.nec.com.
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