DZS sells Service Assurance, WiFi Management portfolio to AXON for $34M

DZS and AXON Networks announced the acquisition of DZS’ Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled development team and long-time marquee customers. These products will be integrated into AXON’s Network-as-a-Service portfolio, while DZS will focus its development and go-to-market strategy on its Networking, Connectivity and Cloud Edge portfolio. Today’s transaction also represents an expansion of the strategic partnership between the two companies, enabling cross-selling opportunities. The Service Assurance and WiFi Management solutions included in the transaction adds to AXON’s growing Software Defined Networking portfolio, enabling the company to deliver a comprehensive NaaS platform to service providers and optimize the overall quality of experience for its customers. As the broadband access industry begins to normalize after recent challenges with supply chain driven excess inventory and as numerous broadband government-led stimulus programs begin to emerge, DZS faces an opportune window to double-down on its category-defining Networking, Connectivity and Cloud Edge solutions. The company looks forward to its expanded relationship with AXON to capitalize on these new opportunities and the power of partnership.