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DZS Sells Service Assurance and WiFi Management Software Portfolio to AXON Networks

Oct 16, 2024over 1 year ago

Contract Type

agreement

PlanoOtherHardwareWireless

Description

DZS has announced the acquisition of its Service Assurance and WiFi Management software portfolio by AXON Networks. The $34 million all-cash transaction expands the strategic partnership between the two companies and allows DZS to focus on its Networking, Connectivity, and Cloud Edge portfolio. The products being transferred, including CloudCheck, Expresse, and TruSpeed assets and IP patents, will be integrated into AXON's Network-as-a-Service (NaaS) portfolio.

Company Information

Company

DZS

Location

Plano, Texas, United States

About

DZS Inc. (NSDQ: DZSI) is a global leader in access networking and cloud software platforms. DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change. This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s SEC filings available at www.sec.gov, including without limitation, the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason. For further information see: www.DZSi.com.DZS on Twitter: https://twitter.com/dzs_innovationDZS on LinkedIn: https://www.linkedin.com/company/DZSi/

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