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Science & Tech

NEC Nabs Netcracker

Published on: June 30, 2008 at 7:36 AM ET
Bertel King, Jr
Written By Bertel King, Jr
News Writer

NEC is hoping to boost its business with the acquisition of software company Netcracker .

The purchase — coming at a cost of $300 million — will allow NEC to focus on its network sales. Currently, the Japan-based business sells telecom equipment, PCs, and cell phones.

Netcracker is known for providing operations support systems to communications companies. It will continue to operate out of its U.S.-based offices in Waltham, Massachusetts.

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