NEC Completes Acquisition of NetCracker Technology

Acquisition Enables Communications Service Providers to Accelerate Business Transformations

TOKYO & WALTHAM, Mass.--()--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 NECs 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 NECs Service Provider software business, adding important products and services to NECs 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. NetCrackers exceptional software solutions and professional services, combined with NECs innovative offerings, will enable CSPs to accelerate their business transformations.

Together, NEC and NetCracker will enable CSPs to succeed in todays 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.

NetCrackers 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 NetCrackers 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. NetCrackers 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.

Contacts

NEC Media:
Chris Shimizu, +81-3-3798-6511
yc-shimzu@cb.jp.nec.com
or
Joseph Jasper, +81-3-3798-6511
j-jasper@ax.jp.nec.com
or
Kosuke Yamauchi, +1-212-326-2504
k-yamauchi@ce.jp.nec.com
or
NetCracker Media:
SmartMark Communications for NetCracker
Juliet Shavit, +1-215-504-4272
jshavit@smartmarkusa.com
or
NetCracker Technology
Donna Bastien, +1-781-419-3367
Director of Marketing
Donna.Bastien@NetCracker.com

Contacts

NEC Media:
Chris Shimizu, +81-3-3798-6511
yc-shimzu@cb.jp.nec.com
or
Joseph Jasper, +81-3-3798-6511
j-jasper@ax.jp.nec.com
or
Kosuke Yamauchi, +1-212-326-2504
k-yamauchi@ce.jp.nec.com
or
NetCracker Media:
SmartMark Communications for NetCracker
Juliet Shavit, +1-215-504-4272
jshavit@smartmarkusa.com
or
NetCracker Technology
Donna Bastien, +1-781-419-3367
Director of Marketing
Donna.Bastien@NetCracker.com