NEC Completes Acquisition of NetCracker Technology

  Acquisition Enables Communications Service Providers to Accelerate
                       Business Transformations

    TOKYO & WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 21, 2008--NEC
Corporation (NEC) announced today that it has completed the
acquisition of NetCracker Technology Corp. (NetCracker). NetCracker is
the leading provider of Operations Support Systems (OSS) for Mobile,
Wireline, and Cable Service Providers -- helping them transform their
operations to achieve increased efficiencies and deliver complex new
services quickly.

    This strategic acquisition underscores NEC's long-standing
commitment to provide innovative solutions that enable Communications
Service Providers (CSPs) to transform their businesses and rapidly
deploy new infrastructure and services.

    NetCracker will operate as a wholly owned subsidiary of NEC and
will be led by its current management team. NetCracker will become the
centerpiece of NEC's Service Provider software business, adding
important products and services to NEC's portfolio of mobile and
wireline infrastructure products.

    "NetCracker has a distinguished record of successful OSS
transformations with leading CSPs worldwide," said Mr. Kaoru Yano,
President of NEC. "NetCracker's exceptional software solutions and
professional services, combined with NEC's innovative offerings, will
enable CSPs to accelerate their business transformations."

    "Together, NEC and NetCracker will enable CSPs to succeed in
today's highly competitive world and to solve complex business
challenges," said Andrew Feinberg, President and CEO of NetCracker
Technology. "Our combined resources will provide innovative solutions
that enable our customers to transform their businesses through the
optimization of telecom and IT networks, acceleration of service
delivery, and monetization of content services."

    NetCracker's ability to transform the Service Layer and manage
Networks and IT from a single platform allows CSPs to speed the
delivery of complex new services. Using NetCracker's flexible and
scalable solutions, leading CSPs around the world have achieved rapid
service delivery, streamlined operations, reduced costs -- and created
closer customer relationships.

    About NEC

    NEC Corporation is one of the world's leading providers of
Internet, broadband network and enterprise business solutions
dedicated to meeting the specialized needs of a diversified global
base of customers. NEC delivers tailored solutions in the key fields
of computer, networking and electron devices, by integrating its
technical strengths in IT and Networks, and by providing advanced
semiconductor solutions through NEC Electronics Corporation. The NEC
Group employs more than 150,000 people worldwide. For additional
information, please visit the NEC website at: http://www.nec.com.

    NEC is a registered trademark of NEC Corporation. All Rights
Reserved. Other product or service marks mentioned herein are the
trademarks of their respective owners. (C)2008 NEC Corporation.

    About NetCracker Technology

    NetCracker Technology is the leading global Solution Company
enabling Service Providers to deliver rapidly and manage effectively
convergent and content-rich offerings. NetCracker delivers service and
resource management through its software and implementation expertise.
NetCracker's portfolio includes a comprehensive suite of product
modules as well as specialized vertical solutions (such as Triple
Play), all pre-integrated with the NetCracker Framework. Founded in
1993, NetCracker Technology was acquired by NEC Corporation in 2008.
NetCracker Technology is headquartered in Waltham, MA, and can be
reached at +1-781-419-3300 or www.NetCracker.com.

    NetCracker is a registered trademark of NetCracker Technology
Corp. All other company or product names mentioned in this press
release may be trademarks or registered trademarks of the respective
companies with which they are associated.

    CONTACT: NEC Media:
             Chris Shimizu, +81-3-3798-6511
             Joseph Jasper, +81-3-3798-6511
             Kosuke Yamauchi, +1-212-326-2504
             NetCracker Media:
             SmartMark Communications for NetCracker
             Juliet Shavit, +1-215-504-4272
             NetCracker Technology
             Donna Bastien, +1-781-419-3367
             Director of Marketing