Transaction opens new markets for AXON Networks, positions the company as the industry’s leading Network-as-a-Service (NaaS) platform for service providers, and expands the strategic partnership between both companies
IRVINE, California USA, October 25, 2024 – AXON Networks, a global leader of advanced service management and orchestration solutions, today announced the completion of its acquisition of the service assurance and wi-fi management software portfolio of DZS (OTC: DZSI). The $34 million all-cash transaction–announced on October 16–includes DZS’ CloudCheck, Expresse and TruSpeed assets and IP patents, as well as those solutions’ long-time marquee customers and a highly skilled development team.
“This acquisition is an important milestone for AXON Networks and positions the company, our employees, and our global customer base for continued success as we continue to lead our industry into the future,” said Martin Manniche, founder and CEO of AXON Networks.
About AXON Networks
AXON Networks was created from the recognition that ISPs need to move beyond simple billing relationships with their customers to a new focus on delivering a total network experience and strengthening their relationships with the end user.
Born from Greenwave Systems – a leader in network connectivity solutions – AXON Networks is committed to helping ISPs deliver the Quality of Experience their customers demand from their broadband connectivity provider.
AXON Networks empowers global operators to offer a total software-defined, networking experience. AXON’s Orchestration Platform offers a single solution for any network, any device, or any service, anywhere. Our mission is to empower global operators to transform their networks to deliver the best customer experience and service. For more information, please visit www.axon-networks.com.
AXON Networks Media Contact:
John O’Malley
The Guyer Group
585.261.5899
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