NEC has announced a definitive agreement to acquire NetCracker Technology, a US based software and solutions company delivering Operations Support Systems (OSS).
With the acquisition, NEC says it adds a key element of software and services to its 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 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 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."
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 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.