Jun 29 2008
NEC drops $300mil on NetCracker
Some huge names finally see the attraction of VoIP. On June 27, 2008, NetCracker announced they had been acquired by NEC for 300 million dollars. NetCracker, based out of Massachusetts, provides technology to service providers to assist in telecommunications deployment (ie Triple Play services).
Some big names call on NetCracker for assistance, such as Sprint, france telecom, Time Warner, and more. NEC expects to earn over 1 billion dollars in new sales over the next 5 years from this investment.
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