DZS Sells Service Assurance and WiFi Management Software Portfolio to AXON Networks
Transaction expands the strategic partnership between both companies and enables DZS to focus on its category-defining Broadband Networking, Connectivity and Cloud Edge portfolio DALLAS, Texas and IRVINE, California USA, October 16, 2024 – DZS (OTC: DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service Management and Orchestration solutions, today announced the acquisition of DZS’ Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled development team and long-time marquee customers. These products will be integrated into AXON’s Network-as-a-Service (NaaS) portfolio, while DZS will focus its development and go-to-market strategy on its Networking, Connectivity and Cloud Edge portfolio. Today’s transaction also represents