NEC

NEC is a Japan-based multinational information technology company that manufactures and distributes computer peripherals, IT infrastructure and networking products. Read more

3,473 Followers on Owler
3,473 Followers on Owler
3,473 Followers on Owler
3,473 Followers on Owler

NEC

NEC is a Japan-based multinational information technology company that manufactures and distributes computer peripherals, IT infrastructure and networking products. Read more

Takayuki Morita's photo - President & CEO of NEC

President & CEO

Takayuki Morita

CEO Approval Rating

82/100

Founded:

1899

Status:

PublicIndependent CompanyTokyo Stock Exchange6701

NEC TOP COMPETITORS OR ALTERNATIVES

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Toshiba is one of NEC's top rivals. Toshiba was founded in Minato-ku, Tōkyō Prefecture} in 1873. Like NEC, Toshiba also competes in the Computers, Peripherals, Networking and Electronic Equipment space. Compared to NEC, Toshiba generates $634.5M more revenue.

Fujitsu is NEC's #2 competitor. Fujitsu was founded in 1935, and is headquartered in Minato-ku, Tōkyō Prefecture. Like NEC, Fujitsu also operates in the Computers, Peripherals, Networking and Electronic Equipment space. Fujitsu generates $6.5B more revenue vs. NEC.

NTT DATA is a top competitor of NEC. NTT DATA's headquarters is in Koto-ku, Tōkyō Prefecture, and was founded in 1967. NTT DATA is in the IT Services industry. NTT DATA generates 77% of NEC's revenue.

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NEC Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$28B

NEC's revenue is the ranked 10th among it's top 10 competitors. The top 10 competitors average 67.8B. Over the last three quarters, NEC's revenue has grown by 28.6%. Specifically, in Q4 2020's revenue was $7B; in Q3 2020, it was $6.9B; in Q2 2020, it was $5.5B.

NEC Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Avaloq Group AG

Oct 2020

Source »
$2.2B
Avaloq is a Switzerland-based SaaS platform that provides wealth management and core banking solutions for fintech and banking sectors across the globe.
NEC OncoImmunity AS

Jul 2019

Source »
undisclosed
OncoImmunity develops machine-learning based software to predict bona fide immunogenic neoantigens for personalized cancer immunotherapy.
KMD A/S

Dec 2018

Source »
$1.2B
KMD is a provider of content management, IT infrastructure and security solutions for businesses.
XON Holdings

Feb 2018

Source »
undisclosed
XON is a developer and provider of customized ICT and security solutions for telecommunication, retail, energy and cyber defense businesses.
Northgate Public Services Limited

Jan 2018

Source »
$644M
Northgate Public Services specializes in business processing outsourcing and document solutions for the government agencies and healthcare sectors.

These are all the companies that NEC has acquired. NEC has acquired 10 companies and its latest acquisition was Avaloq Group AG in Oct 2020. Avaloq is a Switzerland-based SaaS platform that provides wealth management and core banking solutions for fintech and banking sectors across the globe.

NEC Funding History

No recent funding data found related to NEC

NEC Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

NBS is a manufacturer and distributor of circuits and related semiconductor products for the manufacturing industry.
$1.3M
Dec 01, 2020
Series A
-
SkyDrive is an aviation company that manufactures and distributes flying cars and cargo drones for industrial applications.
$37M
Aug 26, 2020
Series B
-
Hailo is a semiconductor company that develops and manufactures deep learning processors for automotive, industrial and residential sectors.
$60M
Mar 04, 2020
Series B
-
DotData is a data science automation platform that accelerates and operationalizes AI and ML projects for enterprises.
$23M
Oct 30, 2019
Series A
-
BostonGene develops a cloud-based platform that provides sophisticated analytics solutions for the treatment of cancer.
$50M
Apr 24, 2019
Series A
-

These are all the companies that NEC has invested in. NEC has invested 10 companies and its latest investment was Avaloq Group AG in Oct 2020. Avaloq is a Switzerland-based SaaS platform that provides wealth management and core banking solutions for fintech and banking sectors across the globe.

NEC News

May 6, 2021DQChannels

NEC Tech Builds DNA Aptamer that Binds to the Novel Coronavirus

NEC Corporation and NEC Solution Innovators have announced the successful development of artificial D... See more »
May 6, 2021Enterprise IT World

NEC Develops Neuroscience-inspired AI Technology for Time Series Analysis

NEC Corporation announced the development of artificial intelligence (AI) technology that makes high-... See more »
May 5, 2021FindBiometrics

NEC Pioneers Faster AI Decision-making Technique

NEC Corporation has found a way to speed up the AI decision-making process. The new methodology will ... See more »
May 3, 2021Biometric Update

NEC and BioRugged provide thermal cameras to fight COVID, biometric solution launched by WildFaces

NEC and BioRugged are helping deploy systems for body temperature checks in Kenya and South Africa, r... See more »
April 29, 2021FindBiometrics

Kenyan Refugee Settlement Conducts Health Scans With NEC's Thermographic Camera

The Kalobeyei Integrated Settlement in north Kenya is now using an NEC thermography camera to help re... See more »
April 28, 2021FinanzNachrichten

NEC recognized in Gartner Magic Quadrant for 5G Network Infrastructure for Communications Service Providers as a Visionary

TOKYO, Apr 28, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) has been recognized as a Visionary... See more »
April 27, 2021The Science Times

NEC Corporation Supports Kenya's Fight Against COVID-19

Japanese multinational technology company NEC Corporation announces collaboration between its African... See more »

NEC Press Releases

February 2, 2021Newswire Today

O2 and NEC Jointly Conduct Open RAN Trial

NewswireToday (newswire) - Tue, 02 Feb 2021 00:00:00 -0500 London, United Kingdom - NEC helped to def... See more »
December 4, 2020PRZOOM

NEC Facial Recognition Adopted by 'Star Alliance Biometrics' Platform

PRZOOM - Newswire (press release) - Fri, 04 Dec 2020 00:00:00 -0500, Tokyo, Japan - Services launched... See more »
November 13, 2020StreetInsider

Altiostar and NEC Demonstrated O-RAN Open Fronthaul at Global O-RAN ALLIANCE Plugfest Hosted by Bharti Airtel in India

TOKYO, Nov 13, 2020 - (JCN Newswire) - - Altiostar and NEC Corporation (TSE: 6701) today said that th... See more »
October 19, 2020Newswire Today

Vodafone and NEC Start Trialing Open RAN Technology

NewswireToday (newswire) - Mon, 19 Oct 2020 00:00:00 -0400 Amsterdam, Netherlands - Vodafone and NEC ... See more »
October 14, 2020PressReleasePoint

NEC Creates a Confidential Computing System Backed by Intel SGX

Intel SGX and Fortanix Confidential Computing Enclave Manager were leveraged by NEC to create a confi... See more »
October 8, 2020Business Wire

NEC OncoImmunity AS and Oslo University Hospital Team Up to Develop a Diagnostic for COVID-19 Using Artificial Intelligence

OSLO, Norway--(BUSINESS WIRE)-- #COVID19--NEC OncoImmunity AS (NOI), a subsidiary of NEC Corporation ... See more »
October 7, 2020WebWire

NEC and NEC X Announce First Graduate from Corporate Accelerator Program

NEC Corporation, a leader in IT and network technologies, and NEC X, the innovation accelerator for N... See more »

NEC Videos

March 25, 2021NEC Youtube Channel

"AINEC [NEC]" on YOUTUBE

February 18, 2021NEC Youtube Channel

"Star Alliance Biometrics [NEC]" on YOUTUBE

December 28, 2020NEC Youtube Channel

"NECNew Normal [NEC]" on YOUTUBE

December 25, 2020NEC Youtube Channel

"DX [NEC]" on YOUTUBE

November 30, 2020NEC Youtube Channel

"NEC [NEC]" on YOUTUBE

November 2, 2020NEC Youtube Channel

"NEC Visionary Week [NEC]" on YOUTUBE

October 7, 2020NEC Youtube Channel

"2 [NEC]" on YOUTUBE

Social Media

NEC Headquarters

7-1, Shiba 5-chome

Minato-ku, Tōkyō Prefecture108-8001

81-3-3454-1111

Driving Directions »

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NEC Summary

ABOUT

Overview

NEC (Tokyo Stock Exchange, 6701) is a provider of information technology services and products for businesses. Founded in 1899, the company has its headquarters at the Tokyo Prefecture, Japan. NEC Corporation is a leader in the integration of IT and n...

CEO

NEC's President & CEO, Takayuki Morita, currently has an approval rating of 82%. NEC's primary competitors are Toshiba, Fujitsu & NTT DATA.

Website

nec.com

Frequently Asked Questions about NEC

  1. When was NEC founded?

    NEC was founded in 1899
  2. Who is NEC's CEO?

    NEC's CEO is Takayuki Morita
  3. How much revenue does NEC generate?

    NEC generates $28B in revenue
  4. How much funding does NEC have?

    NEC has historically raised $0 in funding
  5. Where is NEC's headquarters?

    NEC's headquarters is in Minato-ku Tōkyō Prefecture, JP
  1. How many employees does NEC have?

    NEC has 112,638 employees
  2. What sector does NEC operate in?

    NEC is in Computers, Peripherals, Networking and Electronic Equipment, Electronic Equipment
  3. Who are NEC's competitors?

    NEC's top competitors are Toshiba, Fujitsu, NTT DATA
  4. Who has NEC invested in?

    NEC's has invested in companies such as NBS, SkyDrive, Hailo