AXON Networks Expands with Acquisition of DZS Software Portfolio
DALLAS and IRVINE, Calif. – DZS (OTC: DZSI), renowned for its innovative Networking, Connectivity, and Cloud Edge software solutions, is making headlines as it announces a significant acquisition by AXON Networks. This strategic move saw AXON Networks acquire DZS’ Service Assurance and WiFi Management software portfolio for an impressive $34 million. The deal not only includes essential products such as CloudCheck, Expresse, and TruSpeed but also integrates a skilled development team and long-term customer relationships into AXON’s operations.
Significance of the Acquisition
This acquisition marks a pivotal shift in the capabilities offered by AXON Networks, a leader in advanced Service Management and Orchestration solutions. By incorporating this suite of tools from DZS, AXON is enhancing its Network-as-a-Service (NaaS) portfolio, ultimately striving to improve the quality of customer experiences provided by service operators worldwide.
“Our collaboration with AXON has been fruitful over the last two years, yielding various technological advancements,” commented Charlie Vogt, President and CEO of DZS. “This acquisition further strengthens our strategic partnership and allows us to sharpen our focus on our core Networking, Connectivity, and Cloud Edge offerings, while AXON works to innovate and expand the capabilities of its existing solutions.”
Enhanced Collaboration for Future Innovations
The transition of DZS’ software solutions to AXON Networks’ portfolio is not just a financial move; it’s a commitment to innovation. AXON Networks is keen on utilizing these advancements to bolster its Software Defined Networking offerings.
Martin Manniche, Founder and CEO of AXON Networks, shared his enthusiasm regarding the acquisition. He stated, “We are ready to combine our extensive development teams, merging talents that will elevate our network management capabilities. Our goal is to deliver cutting-edge solutions for service providers aiming to enhance their operational efficiencies.”
Opportunities in a Normalizing Market
The broadband access sector is gradually returning to stability following recent disruptions from supply chain issues. DZS recognizes this as an opportune moment to deeply invest in its product lines and leverage its partnership with AXON Networks.
AXON’s commitment to transforming Internet Service Providers from traditional roles to comprehensive networking experience providers reflects its mission to enhance customer relationships and service quality. They aim to provide their clients with real-time orchestration and analytics solutions, making it a unique player in the industry capable of managing hybrid network architectures efficiently.
A Bright Future Ahead
With DZS joining forces with AXON Networks, the focus will be on uplifting the entire software-defined networking experience. The integrated solutions and expertise will pave the way for not just current demands but also future opportunities in broadband technology.
AXON Networks is poised to set a benchmark in telecommunications innovation, and this acquisition only solidifies its standing as a strong entity in advancing broadband connectivity and operations management on a global scale.
About AXON Networks
AXON Networks evolved from Greenwave Systems, emphasizing the necessity for ISPs to upgrade their service frameworks beyond traditional customer interactions. Their innovative approach aims to enhance the overall user experience by offering a comprehensive suite of advanced networking solutions.
The company continues to push boundaries in network management, empowering global operators to adapt their services to meet the evolving demands of the market.
About DZS
DZS, recognized for its leadership in Networking, Connectivity, and Cloud Edge software solutions, is steadfast in its mission to make broadband accessible everywhere, maximizing performance and reliability.
Frequently Asked Questions
What was the value of the DZS acquisition by AXON Networks?
The acquisition was valued at $34 million in cash.
What products were included in the acquisition?
The acquisition included CloudCheck, Expresse, and TruSpeed software assets as well as relevant IP patents.
What will DZS focus on after the acquisition?
DZS will concentrate on its core Networking, Connectivity, and Cloud Edge solutions.
What is the objective of AXON Networks after this acquisition?
AXON Networks aims to expand its Network-as-a-Service (NaaS) offerings and enhance customer experiences for service providers.
Why is this acquisition significant for both companies?
This acquisition enables cross-selling opportunities and strengthens the technological advancements offered by AXON, while allowing DZS to fine-tune its product offerings.
