Acquisition Enables Communications Service Providers to Accelerate
Business Transformations
NEC Corporation (NEC) announced today that it has completed the
acquisition of NetCracker Technology Corp. (NetCracker). NetCracker is
the leading provider of Operations Support Systems (OSS) for Mobile,
Wireline, and Cable Service Providers —
helping them transform their operations to achieve increased
efficiencies and deliver complex new services quickly.
This strategic acquisition underscores NEC’s
long-standing commitment to provide innovative solutions that enable
Communications Service Providers (CSPs) to transform their businesses
and rapidly deploy new infrastructure and services.
NetCracker will operate as a wholly owned subsidiary of NEC and will be
led by its current management team. NetCracker will become the
centerpiece of NEC’s Service Provider software
business, adding important products and services to NEC’s
portfolio of mobile and wireline infrastructure products.
“NetCracker has a distinguished record of
successful OSS transformations with leading CSPs worldwide,”
said Mr. Kaoru Yano, President of NEC. “NetCracker’s
exceptional software solutions and professional services, combined with
NEC’s innovative offerings, will enable CSPs
to accelerate their business transformations.”
“Together, NEC and NetCracker will enable
CSPs to succeed in today’s highly competitive
world and to solve complex business challenges,”
said Andrew Feinberg, President and CEO of NetCracker Technology. “Our
combined resources will provide innovative solutions that enable our
customers to transform their businesses through the optimization of
telecom and IT networks, acceleration of service delivery, and
monetization of content services.”
NetCracker’s ability to transform the Service
Layer and manage Networks and IT from a single platform allows CSPs to
speed the delivery of complex new services. Using NetCracker’s
flexible and scalable solutions, leading CSPs around the world have
achieved rapid service delivery, streamlined operations, reduced costs —
and created closer customer relationships.
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.
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. ©2008 NEC
Corporation.
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.
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.