DALLAS, June 03, 2024 (GLOBE NEWSWIRE) -- 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 ...