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NEC To Acquire NetCrackerNEC To Acquire NetCracker

<a href="http://uk.reuters.com/article/governmentFilingsNews/idUKT30460620080627">Reuters</a>

Jim Manico

June 27, 2008

1 Min Read

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

About the Author(s)

Jim Manico

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<https://2015.appsecusa.org/c/> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<https://2015.appsecusa.org/c/?page_id=534>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<http://www.amazon.com/Iron-Clad-Java-Building-Secure-Applications/dp/0071835881> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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