A new communications company formed by NEC and Philips is ready for business.

NEC has bought 60 percent of Philips' business communications unit to create NEC Philips Unified Solutions - which will continue the joint work the two companies have been doing since 2003 on the use of IP (Internet Protocol) technology in the enterprise.

The venture will take over the existing Philips Sopho iS3000 SIP-based communication systems, and continue to support and develop it. The company will sell IP products such as VoIP and messaging to small and medium-size businesses (SMBs) in Europe, the Middle East and Africa.

NEC said the joint venture is part of NEC's aim to achieve a 10 percent share of the enterprise communications market worldwide, a master plan that will see it invest in global communications platforms and applications.