DZS Completes NetComm Acquisition
June 03 2024 - 8:00AM
DZS (Nasdaq: DZSI), a developer of Network Edge, Connectivity and
Cloud Software solutions enabling broadband everywhere, today
announced it has completed its acquisition of NetComm Wireless Pty
Ltd. (NetComm).
“The NetComm acquisition underscores our commitment to provide
communications service providers and enterprise customers with a
comprehensive set of connectivity solutions that has now been
expanded to include distribution point units (DPUs), WiFi, Fixed
Wireless Access (FWA) and industrial Internet of things (IIoT)
products,” said Charlie Vogt, President and CEO, DZS. “With
NetComm’s market-leading connectivity solutions, DZS enhances its
overall portfolio with differentiated solutions to capitalize on
our broadband anywhere vision and go-to-market strategy.”
In conjunction with the acquisition, EdgeCo LLC (EdgeCo), a
global investment firm specializing in mergers & acquisitions
and flexible financial solutions, increased its financial support
of DZS aligned with management and their vision and go-to-market
strategy.
“The investment team at EdgeCo and our affiliates have been
following the evolution of DSL to PON for more than 20 years and
upon Charlie Vogt’s appointment as President & CEO of DZS in
2020, we increased our focus across the broadband market segment,”
said Robert Binkele, Managing Director, EdgeCo. “With great
anticipation of the United States and other government broadband
stimulus programs to be released during the 2H24 and into 2025, and
service providers depleting what appears to have been an
over-rotation of inventory, we believe that DZS is well-positioned
across the North America, EMEA and now ANZ market segments as
service providers return to normal purchasing cycles.”
The combination of DZS’ Broadband Networking and Cloud Software
portfolio with NetComm’s Fiber Extension, Connected Home, FWA and
IIoT portfolio and patents creates a comprehensive, flexible,
intelligent, easy-to-install and operate broadband networking and
connectivity portfolio.
DZS’ broadband solutions are uniquely designed for the network
edge, including the connected devices that interface with
subscribers, enterprise users and machines, and the cloud software
that orchestrates, automates and optimizes the experience for end
users and network operators. Leveraging higher performance, lower
latency and measured quality-of-service optimized for broadband
everywhere, including licensed wireless and WiFi complemented by
AI-influenced software solutions, DZS is redefining how optical
networking and intelligent software simplify and unify broadband
services at the network edge.
Key benefits and NetComm connectivity portfolio:
- Expanded Customer
Footprint: NetComm’s customers encompass the United
States, Canada, Europe, Australia and New Zealand (ANZ) and Latin
America. The combined portfolio of customers enables DZS to provide
service providers and enterprise customers with a comprehensive
broadband networking, connectivity and cloud software
portfolio.
- Technology:
- Connected
Home: WiFi 6/6E/7 solutions
- Fiber
Extension: DPU solutions for multiple dwelling units
(MDUs) and fiber-to-the-curb applications
- Fixed Wireless Access
(FWA): 4G/5G and 5G millimeter wave solutions
- Connected
Enterprise: IIoT connectivity solutions leveraging
4G/5G wireless and WiFi technologies
- Software
Expansion: DZS will integrate its network assurance and
WiFi experience management solutions with NetComm’s Connected Home,
Fiber Extension and FWA solutions.
- Increased Scale:
NetComm increases the scale of DZS providing new growth
opportunities across the combined customer and regional
landscape.
About DZS
DZS (Nasdaq: DZSI) a developer of Network Edge, Connectivity and
Cloud 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_innovationDZS on LinkedIn:
https://www.linkedin.com/company/dzs/
Investor Inquiries:
Ted Moreau, Vice President, Investor Relations
Email: IR@dzsi.com
Press Inquiries:
Kenny Vesey, Thatcher+Co.
Phone: +1 973.518.3644
Email: kvesey@thatcherandco.com
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