NEC Expands Global Partnership with Intermedia Cloud Communications, including Extension of Contract Term, Launch of UNIVERGE BLUE® CONNECT BRIDGE Solution, and $40M Commitment to Invest in Intermedia Shares Concurrently with Planned IPO

NEC Corporation of America (NEC), leading provider and integrator of advanced IT, communications, and networking solutions, today announced that it has extended the length of the initial term of its exclusive global partnership with Intermedia Cloud Communications – a leading provider of Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) applications to businesses and the partners they serve – from 5 to 10 years.

Additionally, the expanded agreement makes NEC the exclusive reseller of Intermedia UCaaS and CCaaS solutions in Japan, NEC’s largest market, for the extended duration of the initial term. NEC Corporation, Japan has also committed to purchase $40 million of Intermedia common stock concurrently with, and conditioned upon, the closing of Intermedia’s planned IPO, further evidencing NEC’s commitment to its Intermedia partnership and the UNIVERGE BLUE cloud communications suite.

Channel partners and business customers want a cloud solution that is easy to deploy, use, and manage. NEC selected Intermedia in April 2020, after a comprehensive review of the world’s cloud communications platforms, to be its exclusive provider. In the 18 months since the partnership was formed, the two have successfully developed and launched the NEC UNIVERGE BLUE suite of solutions, which includes cloud voice, video conferencing, chat, file sync and share, backup, omnichannel contact center, and more to markets in North America, Europe, and the Asia-Pacific region.