NetCracker Announces Agreement to Acquire Subex’s Activation Business

Acquisition Further Strengthens NetCracker’s End-to-End Telecom Operations and Management Solution Footprint
WALTHAM, MA — September 19, 2011 — NetCracker Technology announced today that it has reached an agreement with Subex Ltd., to acquire its activation and provisioning business in an asset sale.

NetCracker will acquire Subex’s NetProvision, NetOptimizer, and Vector products, and the associated business. NetProvision and NetOptimizer represent what was previously the Syndesis business covering the provisioning and activation domains.
These assets are complementary to NetCracker’s Telecom Operations and Management Solutions suite, and will further strengthen NetCracker’s Order-to-Activate capabilities.

Subex’s activation and provisioning business has been one of the market leaders in its segment. The scalability and high availability of the platform, combined with the diversity of network elements supported, underscore Subex’s strong track record of innovation and successful delivery. This acquisition pairs NetCracker’s breadth of offerings at the customer and service layer with strong network activation capabilities. As Tier 1 converged service providers deploy next-generation networks and services, the ability to rapidly activate and provision services becomes a critical success factor.

“Service providers are looking for strategic partners who can deliver the complete, end-to-end fulfillment stack,” said Andrew Feinberg, President and CEO of NetCracker Technology. “With a number of shared customers, proven technology, a near perfect product fit, and a talented team of industry experts, we expect this acquisition to fit seamlessly within our offerings and expand our ability to meet customer requirements.”

"The Industry has been moving towards a single, converged platform in the fulfillment and provisioning domain as opposed to standalone capabilities in Order Management, Activation, and Inventory Management,” said Ari Banerjee, Senior Analyst, Heavy Reading. “When combined with NetCracker’s focus at the service layer, these activation and provisioning assets will enable NetCracker to significantly accelerate the order-to-activate cycle for converged service providers.”

For more information about NetCracker products, solutions, and services, please visit www.NetCracker.com.

About NetCracker Technology

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.

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. © 2013 NEC Corporation.