Welcome to our dedicated page for Dzs news (Ticker: DZSI), a resource for investors and traders seeking the latest updates and insights on Dzs stock.
DZS Inc. (DZSI) is a global innovator in broadband networking and telecommunications infrastructure, delivering advanced solutions for service providers and enterprise networks worldwide. This page serves as the definitive resource for official company announcements and industry developments.
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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.