About NEC
NEC is a company based in Minato (Japan) founded in 1899 was acquired by Aviat Networks in December 2023. It operates as a Managed Services, and Professional Services. The company has 110,595 employees as of March 31, 2019. NEC has completed 15 acquisitions, including A123 Energy Solutions, ABeam Consulting and Arcon. NEC offers products and services including Biometric Authentication, 5G Solutions, Cyber Security, and Aviation Solutions. NEC operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Minato, Japan
- Employees 110595 as on 31 Mar, 2019
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nec Corporation
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Annual Revenue
$43.76 K (USD)0as on Dec 31, 2018
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Net Profit
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EBITDA
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Latest Funding Round
$561.88 M (USD), Post-IPO
Jun 24, 2020
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Investors
Aviat Networks
& 2 more
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Employee Count
110595
as on Mar 31, 2019
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Investments & Acquisitions
A123 Energy Solutions
& 14 more
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Acquired by
Aviat Networks
(Dec 18, 2023)
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Products & Services of NEC
NEC offers a comprehensive portfolio of products and services, including Biometric Authentication, 5G Solutions, Cyber Security, and Aviation Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced biometric solutions are provided for various applications.
Next-generation 5G technology is offered for connectivity needs.
Robust cyber security solutions are delivered for ICT protection.
Seamless travel experiences are enabled through facial recognition.
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Software Development Team
65 people
Leadership Team
60 people
Sales and Marketing
31 people
Senior Team
22 people
Human Resources and Administration
12 people
Product Management Team
8 people
Head Team
7 people
Operations Team
6 people
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Funding Insights of NEC
- Total Funding Total Funding
- Total Rounds 14
- Last Round Post-IPO — $561.9M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Post-IPO - NEC | Valuation |
investors |
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| Oct, 2019 | Amount | Grant - NEC | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - NEC | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NEC
NEC has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Aviat Networks, European Union and NTT Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Microwave networking solutions are provided to enterprises and operators.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NEC
NEC has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include A123 Energy Solutions, ABeam Consulting and Arcon. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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It is an asset consulting company that handles securities and insurance, providing independent and optimal plans for clients
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2018 | ||||
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Machine-learning software for personalized cancer immunotherapy is developed.
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2014 | ||||
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Software solutions, network services, and consulting are provided.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NEC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nec Comparisons
Competitors of NEC
NEC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nec
Frequently Asked Questions about NEC
When was NEC founded?
NEC was founded in 1899 and raised its 1st funding round 115 years after it was founded.
Where is NEC located?
NEC is headquartered in Minato, Japan. It is registered at Minato, Tokyo, Japan.
Who is the current CEO of NEC?
Paul Kievit is the current CEO of NEC.
How many employees does NEC have?
As of Mar 31, 2019, the latest employee count at NEC is 110,595.
What is the annual revenue of NEC?
Annual revenue of NEC is $43.76K as on Dec 31, 2018.
What does NEC do?
NEC Corporation is involved in delivering innovative technology solutions across various sectors. Advanced IT services, telecommunications, and aviation technologies are developed to address global challenges. Key areas include biometric authentication, 5G connectivity, cyber security, and seamless travel experiences through facial recognition. Sustainability and green transformation are integrated into strategies, aligning with societal and environmental goals. Solutions are co-created on a global scale to drive efficiency and safety.
Who are the top competitors of NEC?
NEC's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does NEC offer?
NEC offers Biometric Authentication, 5G Solutions, Cyber Security, and Aviation Solutions.
How many acquisitions has NEC made?
NEC has made 15 acquisitions, including A123 Energy Solutions, ABeam Consulting, and Arcon.
Who are NEC's investors?
NEC has 3 investors. Key investors include Aviat Networks, European Union, and NTT Group.
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