Communication Solutions

NEC Corporation (NEC) has entered into a definitive agreement to acquire NetCracker (News - Alert) Technology Corp., a U.S.-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.

 

NEC (News - Alert), through this strategic acquisition, would be able to offer innovative solutions to the communications industry, enabling them to transform their business, and rapidly deploy new infrastructure and services.

 

The acquisition also adds a key element of software and services to NEC’s portfolio of mobile and fixed infrastructure products. NetCracker's 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 Kaoru Yano, president of NEC, in a statement. "The acquisition of NetCracker strengthens NEC's offerings and brings even greater value to the global communications industry."

 

NEC Corporation is a provider 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.

 

"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.

 

"NEC's 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."

 

NetCracker Technology is a 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.

 

NEC will 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 new business relationship is expected to foster innovative new solutions that address the needs of communications service providers and accelerate NEC's 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 NEC's communications service provider software business.