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DZS (Nasdaq: DZSI) has completed its acquisition of NetComm Wireless, enhancing its portfolio with comprehensive broadband networking, connectivity, and cloud software solutions. This strategic move expands DZS's market reach across the Americas, Europe, Middle East, Africa, and Australia/New Zealand. The acquisition brings new technologies such as WiFi 6/6E/7, 4G/5G Fixed Wireless Access (FWA), and Industrial Internet of Things (IIoT) solutions, strengthening DZS's position in the broadband market. EdgeCo , an investment firm, has increased its support for DZS, aligning with the company's growth strategy. The integration is expected to benefit service providers and enterprise customers with a robust, flexible, and intelligent broadband portfolio.
DZS (Nasdaq: DZSI), a leader in Network Edge, Home/Enterprise Connectivity, and Cloud Software solutions, announced that their client, Tachus Fiber Internet, received top accolades for broadband service in the Southwestern U.S. from OPENSIGNAL. Tachus was awarded for providing superior broadband quality, video experience, and download/upload speeds.
Additionally, Tachus won the 2024 Cornerstone Award for 'Best Local Provider of the Year' from Broadband Communities. Tachus now serves over 45,000 residential and SMB subscribers across a 150,000-home footprint. The company attributes its success to DZS's advanced technology, including the DZS Velocity V16 systems and Helix ONTs, which enhance broadband speed and reliability.
CEO Hal Brumfield emphasized the importance of DZS's technology in achieving these milestones and plans to leverage DZS's innovations for future growth. DZS's Chief Customer Officer, Scott St. John, praised Tachus's commitment to technological excellence.
DZS announced it received a delinquency notification from Nasdaq on May 14, 2024, for failing to file its quarterly report for Q1 2024 on time. This notification has no immediate effect on the listing or trading of its stock. The company had previously failed to file quarterly and annual reports for periods ending June 30, 2023, September 30, 2023, and December 31, 2023. DZS has submitted a plan to regain compliance and aims to file all outstanding reports by August 5, 2024. The company is diligently working to complete these filings and meet Nasdaq's continued listing requirements.
DZS (Nasdaq: DZSI) announced the acquisition of NetComm Wireless Pty , enhancing its broadband networking and cloud software portfolio. The deal brings in NetComm's products and patents, expanding DZS' last-mile broadband access offerings. The acquisition, expected to close in Q2 2024, includes technology synergies, onboarding of NetComm employees, and a customer base across various regions. DZS will pay $7 million at closing, with a potential earn-out of up to $3 million based on 2024 revenue targets.