The new business communications venture formed by NEC and Koninklijke Philips Electronics is ready for business, the companies said Wednesday.NEC and Philips have completed a deal announced last year under which the Japanese manufacturer agreed to purchase 60 percent of the Dutch company’s business communications unit, the companies said.NEC Philips Unified Solutions extends work the two companies have been doing since 2003 on the use of IP technology in enterprise communications systems. The venture offers small and medium-size businesses in the Europe, Middle East and Africa region a range of IP-based communication products and services, including voice-over-IP systems, management systems and messaging. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe Businesses will benefit from the combined research and development activities, according to the companies. Existing customers can continue to rely on the proven Sopho iS3000 range of communications systems, which remains fully supported and enhanced with new functionality addressing the latest market requirements, they said. The joint venture is part of NEC’s global strategy to achieve over 10 percent share of the enterprise communications market worldwide, according to the Japanese manufacturer. To this end, the company is investing significantly in the development of platforms and applications that can be sold on a global scale.-John Blau, IDG News Service Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 CIO 100 CIO 100 feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Generative AI Machine Learning feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management opinion Four questions for a casino InfoSec director By Beth Kormanik Sep 21, 2023 3 mins Media and Entertainment Industry Events Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe