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Lantronix ( NASDAQ: LTRX ) announced its acquisition of Out-of-Band management solutions provider, Uplogix for ~$8M in cash with an additional payment of up to $4M, subject to the achievement of certain revenue targets for Uplogix.
Company further reported amended agreement with Silicon Valley Bank to provide with an additional term loan, in the original principal amount of $5M, to be used to fund the acquisition and for working capital purposes.