Monday, 30 June 2008

NEC Buys Out Operations Support Systems Provider

NEC has entered into a definitive agreement to acquire NetCracker Technology, a US based software and solutions company that delivers Operations Support Systems (OSS) transformation to communications service providers.

With this acquisition, NEC expects to grow globally, generating approximately 200 billion yen over the next 5 years.

“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 NEC’s offerings and brings even greater value to the global communications industry.”

NEC says it 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 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.

“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 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.