Thursday, June 26, 2008

NEC to acquire NetCracker for OSS

NEC agreed to acquire NetCracker Technology Corp., a US based software and solutions specializing in Operations Support Systems (OSS). Financial terms were not disclosed.

NetCracker's portfolio includes industry solutions focused on specific verticals (such as Triple Play) and pre-integrated product modules. The core modules include Service Inventory, Resource Inventory, Service Provisioning & Activation, Discovery & Reconciliation, Design & Planning, Customer Impact Analysis, Outside Plant, Order Management, Asset Management, and Telecom Cost Management. The company, which was founded in 1993, is headquartered outside Boston in Waltham, MA.

NEC said the acquisition adds a key element of software and services to its portfolio of mobile and fixed infrastructure products. 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.

"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."http://www.NetCracker.com

  • NetCracker Technology is headed by Andrew Feinberg, President and CEO. Prior to leading NetCracker, Andrew worked at Bain & Company Private Equity Group where he oversaw transactions in the telecommunications, software, and hardware industries.