Japan's NEC is spending $300 million to acquire NetCracker Technology, a Waltham, Mass.-based provider of network interfaces and communications services.Faced with a slow-growing home market, the purchase will help NEC expand its global footprint in IT systems and network operations. The deal, expected to close in September, should add $500 billion to NEC's bottom line during the next five years, according to the telecom equipment maker.
The companies "share a vision of operations and business support systems being critical to communications service providers," said Andrew Feinberg, CEO of NetCracker, in a statement. "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."Reuters
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.