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Lantronix Announces Definitive Agreement to Acquire Electronics and Software Reportable Business Segment From Communications Systems Inc.


Transaction brings increased scale and operating efficiencies to Lantronix; combined annual revenue expected to exceed $100 million
Adds complementary switching, PoE and media conversion technologies to Lantronix IoT connectivity portfolio
Anticipates $7 million in annualized expense synergies to be implemented over 24-month period following close of transaction
Expects day-one accretion to earnings (excluding acquisition-related costs), with significant contribution to earnings in the first full year
Announces conference call to discuss the acquisition
/EIN News/ IRVINE, Calif., April 29, 2021 (GLOBE NEWSWIRE) Lantronix Inc. (“Lantronix”) (NASDAQ: LTRX), a global provider of Software as a Service (SaaS), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), today announced that it has entered into a definitive Securities Purchase Agreement to ....

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Lantronix, Inc.: Lantronix Expands Its Remote Environment Management Offerings With New EMG7500 Edge Management Gateway


Lantronix, Inc.: Lantronix Expands Its Remote Environment Management Offerings With New EMG7500 Edge Management Gateway
Integrated with Lantronix s ConsoleFlow management platform, Global connectivity and VPN as a Service, EMG7500 supports business continuity in remote sites and unmanned locations
IRVINE, Calif., March 10, 2021, a cost-effective, secure edge management gateway in a small form factor. Designed for use in virtually any type of remote or unmanned site, the EMG7500 is an integrated part of Lantronix s business continuity solution of interlocking hardware, software and value-added services. With the EMG7500, Lantronix is expanding its offering of REM solutions within its EMG familyof Out-of-Band Management (OOBM) products. ....

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