Davis Polk is advising NEC Corporation on its $449 million acquisition of Convergys Corporation’s Information Management (IM) business. Following the acquisition, the IM business will be integrated into NetCracker Technology Corporation, a subsidiary of NEC and the leading provider of telecom operations and management systems to communications service providers worldwide. The acquisition is expected to close by late second quarter of 2012.

Headquartered in Japan, NEC is a leader in the integration of information and network technologies that benefit businesses and people around the world. Convergys, based in Cincinnati, Ohio, is a global consumer relationship manager recognized as an industry-leader in delivering value-driving solutions to communications service providers. 

The Davis Polk corporate team includes partners Theodore A. Paradise and Michael Davis and associates Mörk Murdock, Miles E. Hawks and Kevin M. Satter. Associate Matthew J. Bacal is providing intellectual property advice. Counsel James P. McIntyre and associate Lucie E. Shin are providing real estate advice. The tax team includes partner Avishai Shachar and associate Anthony L. Oliva. Partner Jeffrey P. Crandall and associates Ron M. Aizen and Rachel Antler are providing employee benefits advice. Members of the Davis Polk deal team are based in the Tokyo and New York offices.