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NEC to Acquire NetCracker, a Leader in Operations Support Systems

NEC Strengthens Global Software Business Helping Communications Service Providers Accelerate Business Transformation

Tokyo, June 27, 2008 - NEC Corporation (NEC) today announced a definitive agreement to acquire NetCracker Technology Corp. (NetCracker), a US based software and solutions company with an industry leading track record of delivering Operations Support Systems (OSS) transformation to communications service providers across the globe. This strategic acquisition underscores NECs long standing commitment to offer innovative solutions to the communications industry, enabling them to transform their business, and rapidly deploy new infrastructure and services.

With this acquisition, NEC adds a key element of software and services to its market leading portfolio of mobile and fixed infrastructure products. NetCrackers products, services and domain expertise will be integral to leveraging complementary assets within both companies.

NetCracker has distinguished itself with a record of successful OSS transformations and exceptional software solutions and professional services for leading communications service providers, said Mr. Kaoru Yano, President of NEC. The acquisition of NetCracker strengthens NECs offerings and brings even greater value to the global communications industry.

NEC and NetCracker share a vision of operations and business support systems being critical to communications service providers, enabling them to build a sustainable competitive advantage, said Andrew Feinberg, CEO of NetCracker. NECs scale and solution offering will help us extend our core application and services footprint and continue to broaden the solutions we offer to our global customers.

NECs communications carrier business is continually expanding and the companys superior lineup of telecommunication products includes full-line and full layer support; the early adoption of NGN related business and globally competitive business models such as Pasolink and submarine cable systems.

NEC will now leverage the acquisition of NetCracker to strengthen its existing business foundations and to provide total solutions for communications businesses whose IP and service diversification needs continue to grow. The company anticipates that Operations Support Systems will represent a key element to new international growth that is expected to generate approximately 200 billion yen over the next 5 years.

NetCrackers know-how of transforming Operations Support Systems enables communications service providers to deploy new services, build operational excellence and closer customer relationships. As service providers move to an all-IP environment and become more diversified, the companys expertise becomes an increasingly essential element of their success. Furthermore, the ongoing debut of innovative new services, including IPTV, Triple-Play, 3G and others, provides exciting new opportunities for deploying the next generation of OSS. NetCracker employs approximately 1,000 people worldwide and its customers include France Telecom, MTS, Sprint, TELUS, Telstra, UPC and many other leading communications service providers spanning the globe.

The new business relationship is expected to foster innovative new solutions that address the needs of communications service providers and accelerate NECs international software business. NEC is committed to retaining the relationships and go-to-market strategies that NetCracker has developed. Upon the closing of the transaction, NetCracker will operate as an independent business unit led by its current management team and will become the centerpiece of NECs communications service provider software business.

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

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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