Netcracker acquires CoralTree Systems
July 13, 2016
Netcracker Technology, a wholly owned subsidiary of NEC Corporation, has completed the acquisition of CoralTree Systems, a leading provider of converged solutions for European service providers. The acquisition includes CoralTree’s technology solutions and resources in systems integration, business operations support and other professional services. CoralTree’s solutions also include technology assets in video activation, BSS and OSS which complement Netcracker’s solution portfolio.
Netcracker has seen significant business growth and market momentum during the past 18 months due to its involvement in large-scale transformation projects that enable operators around the world to become digital service providers. The acquisition of CoralTree Systems will enable Netcracker to support this growth and further accelerate the delivery of similar strategic projects worldwide.
“Our first priority as a business is to meet and exceed our customers’ expectations, and our remarkable growth this year is a testament to that,” said Andrew Feinberg, President and CEO of Netcracker Technology. “The acquisition of CoralTree Systems will further strengthen our product portfolio and accelerate the great work we are doing on behalf of our service provider customers. CoralTree’s outstanding workforce and technology toolsets perfectly complement Netcracker’s own assets and the combination of these two companies will deepen our relationships with customers around the world.”