DZS Completes Sale of Service Assurance and WiFi Management Portfolio to AXON Networks
DZS (OTC: DZSI) has completed the sale of its service assurance and WiFi management software portfolio to AXON Networks. The transaction includes the Expresse, CloudCheck, and TruSpeed assets and IP patents. This strategic move allows DZS to concentrate its development and market efforts on its core broadband Networking, Connectivity and Cloud Edge software portfolio. The company's CEO, Charlie Vogt, described the sale as beneficial for all parties involved, including DZS, AXON, and customers.
DZS (OTC: DZSI) ha completato la vendita del proprio portafoglio di software per l'assicurazione dei servizi e la gestione del WiFi a AXON Networks. La transazione include gli asset e i brevetti IP di Expresse, CloudCheck e TruSpeed. Questa mossa strategica consente a DZS di concentrare i propri sforzi di sviluppo e mercato sul suo portafoglio principale di software per Networking, Connettività e Cloud Edge. Il CEO dell'azienda, Charlie Vogt, ha descritto la vendita come vantaggiosa per tutte le parti coinvolte, inclusi DZS, AXON e i clienti.
DZS (OTC: DZSI) ha completado la venta de su cartera de software de garantía de servicio y gestión de WiFi a AXON Networks. La transacción incluye los activos y patentes de IP de Expresse, CloudCheck y TruSpeed. Este movimiento estratégico permite a DZS concentrar sus esfuerzos de desarrollo y mercado en su cartera principal de software de Redes, Conectividad y Cloud Edge. El CEO de la compañía, Charlie Vogt, describió la venta como beneficiosa para todas las partes involucradas, incluidos DZS, AXON y los clientes.
DZS (OTC: DZSI)는 서비스 보장 및 WiFi 관리 소프트웨어 포트폴리오를 AXON Networks에 판매했다고 발표했습니다. 이번 거래에는 Expresse, CloudCheck 및 TruSpeed 자산과 IP 특허가 포함됩니다. 이 전략적 움직임은 DZS가 주요 네트워킹, 연결성 및 클라우드 엣지 소프트웨어 포트폴리오에 개발 및 마케팅 노력을 집중할 수 있도록 합니다. 회사의 CEO인 Charlie Vogt는 이 판매가 DZS, AXON 및 고객을 포함한 모든 당사자에게 유익하다고 설명했습니다.
DZS (OTC: DZSI) a finalisé la vente de son portefeuille de logiciels d'assurance de service et de gestion de WiFi à AXON Networks. La transaction comprend les actifs et les brevets IP d'Expresse, CloudCheck et TruSpeed. Ce mouvement stratégique permet à DZS de concentrer ses efforts de développement et de marché sur son portefeuille principal de logiciels de réseautage, de connectivité et de Cloud Edge. Le PDG de la société, Charlie Vogt, a décrit la vente comme bénéfique pour toutes les parties impliquées, y compris DZS, AXON et les clients.
DZS (OTC: DZSI) hat den Verkauf seines Softwareportfolios für Dienstleistungsüberwachung und WLAN-Management an AXON Networks abgeschlossen. Die Transaktion umfasst die Vermögenswerte und IP-Patente von Expresse, CloudCheck und TruSpeed. Dieser strategische Schritt ermöglicht es DZS, seine Entwicklungs- und Marktbemühungen auf das Kernportfolio von Netzwerk-, Konnektivitäts- und Cloud-Edge-Software zu konzentrieren. Der CEO des Unternehmens, Charlie Vogt, beschrieb den Verkauf als vorteilhaft für alle beteiligten Parteien, einschließlich DZS, AXON und den Kunden.
- Strategic divestment allows focus on core business segments
- Sale of non-core assets potentially improves operational efficiency
- Reduction in product portfolio diversity
- Potential loss of revenue stream from divested assets
DZS to focus its development and go-to-market strategy on its Networking, Connectivity and Cloud Edge software portfolio
DALLAS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- DZS (OTC: DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere, today announced it has completed the sale of its service assurance and WiFi management software portfolio to AXON Networks (AXON).
“The closing of the sale of our Expresse, CloudCheck, and TruSpeed assets and IP patents to AXON Networks represents a win for DZS, AXON and customers,” said Charlie Vogt, President and CEO, DZS. “DZS will focus its development and go-to-market strategy on its core broadband Networking, Connectivity and Cloud Edge software portfolio.”
About DZS
DZS (OTC: DZSI) a developer of Network Edge, Connectivity and Cloud Edge software solutions enabling broadband everywhere.
DZS, the DZS logo, and all DZS product names are currently 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 effects 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/dzsi_innovation
DZS on LinkedIn: https://www.linkedin.com/company/dzs/
Investor Inquiries:
Geoff Burke, SVP Marketing and Investor Relations, DZS
Email: IR@dzsi.com
Press Inquiries:
Kenny Vesey, Thatcher+Co.
Phone: +1 973.518.3644
Email: kvesey@thatcherandco.com
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