NEC to Integrate Australian Operations in 2007 to Maximize Business Synergy.Tokyo, Japan, Dec 1, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation (NEC) today announced the integration of NEC Business Solutions Ltd. (Melbourne, Australia, "NEC Business Solutions") into NEC Australia Pty. Ltd. (Melbourne, Australia, "NEC Australia"), effective as of April 1, 2007. The integration of NEC's Australian operations is aimed at increased synergy and business collaboration between NEC Australia and NEC Business Solutions in the key areas of IT and networks. NEC Australia will continue to be headquartered in Melbourne, Australia, with combined annual revenues of more than AU$582 million (approximately 53 billion yen). The decision to integrate NEC's Australian operations was taken in response to the rapid changes occurring in the Australian Information Communication Technology ("ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. ") market, in particular the growth of broadband, IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . After integration, NEC Australia will be able to improve cost structures and increase its effectiveness as a supplier of integrated voice and data solutions toward promotion of long-term growth through joint business opportunities and increased efficiencies. "The integrating of these NEC operations will strenghten our product and solutions portfolio immensely, putting us in a unique position to offer our diverse customer base integrated end-to-end solutions in the Australian ICT market, reducing integration and installation timeframes considerably." said Toshiharu Iwasa, Managing Director of NEC Business Solutions and NEC Australia. The integration will give NEC Australia a
NEC Australia will continue to maintain the largest ICT research and development facility in Australia and provide its current customers with integrated solutions in areas such as public and private networks, voice and data technologies, home entertainment and supercomputers. Mr. Iwasa adds "we are confident that our customers will experience a seamless transition. The move will in fact improve response times, helping our customers maintain their own competitive edge.". About NEC Australia NEC Australia is a provider of superior, affordable products, services and solutions to carriers, business, government and consumers. As a leader in the development of broadband and mobile communications technologies, NEC Australia's strong sales and service focus has propelled the company to the forefront of a new era in communications. Through the provision of new technologies such as plasma displays, data projectors and high-speed broadband connections, NEC Australia also drives innovation into the home. Boasting the largest Research and Development facility in Australia, NEC's commitment to innovation and continued expansion into export markets remains unrivalled. As well as undertaking leading R & D in DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary technologies and third-generation (3G) mobile terminals, NEC Australia's broadband business, Nextep broadband, delivers business grade DSL services for SMEs, corporates and government. For additional information, please visit the NEC Australia or Nextep websites at www.nec.com.au and www.nextep.com.au. About NEC Business Solutions NEC Business Solutions is a leading provider of end-to-end voice, data and video solutions for business and government. The company utilises its expertise in IP telephony, contact centres and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , and strong partnerships with other leading companies to provide innovative and affordable business solutions. NEC Business Solutions is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NEC Australia. About NEC Corporation NEC Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6701; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NIPNY) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and 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 and had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately 4,825 billion yen (approx. $41.2 billion) in the fiscal year ended March 2006. For additional information, please visit the NEC home page at: http://www.nec.com or the newsroom at: http://www.nec.co.jp/press/en/ Source: NEC Corporation Contact: In Japan Diane Foley NEC Corporation d-foley@ax.jp.nec.com +81-3-3798-6511 In Australia Lynn Hepple NEC Australia Pty Ltd & NEC Business Solutions Ltd lynn.hepple@nec.com.au +61 (0)3 9264 3746 +61 (0)411 563 907 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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