Articles from Lantronix, Inc.

IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQLTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd (“NetComm”), a subsidiary of DZS, Inc., all of the assets of its enterprise Internet of Things (IoT) business for $6.5 million in cash together with assumptions of certain liabilities. The acquisition complements Lantronix’s focus on the Enterprise and Smart City vertical markets and expands its next-generation 5G capabilities.

Representing Lantronix’s Global and Diverse Partner Ecosystem, SmartEdge Winners Deliver Lantronix’s Award-Winning Solutions to the World

Percepxion™ comes pre-configured in Lantronix’s gateways, routers, trackers and switches to accelerate IoT edge device deployments

New Lantronix solutions target the high-growth telematics market estimated to reach $3.7 Billion by 2027

Representing Lantronix’s Global and Diverse Partner Ecosystem, SmartEdge Channel Partner Winners Deliver Lantronix Solutions to the World

Monitor and manage globally distributed assets with Lantronix’s X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support