Earlier today, NEC Corp. said it will spend $449 million to buy Convergys Corporation’s Information Management (IM) business, including its Smart Revenue Solutions that serve the communications, cable, satellite, broadband, utilities and logistics markets.

When the deal closes sometime near the end of 2Q12, the acquisition will become part of NEC subsidiary NetCracker Technology Corp.

“For NetCracker, the acquisition represents a significant expansion into the BSS domain and underscores the company’s commitment to bringing its customers the best of innovation, experience, and infrastructure to address their revenue-management challenges,” NEC said. “With the acquisition, NetCracker will add key BSS expertise, software, and services to its market-leading Telecom Operations and Management Solutions (TOMS) suite.”

It continued, “The combination of IM’s BSS products and NetCracker’s TOMS solutions will create a compelling end-to-end portfolio for service providers and other industry verticals and will enable them to take a fresh approach to BSS/OSS — whether they access BSS/OSS solutions through the cloud, as a managed service or as an on-premise system.”

The Daily

Subscribe
Wednesday–June 18

Doing Good

Fifteen rising college juniors are set to get $20,000 scholarships each as part of the Spectrum Scholars program. It’s the fifth class since Charter introduced the program in 2020, having awarded $1.8

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 11
2025 Faxies Awards Faxies Nominations Open! Final deadline: 4/4/25
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.