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.”