Lantronix announces definitive agreement to acquire electronics and software reportable business segment from communications systems inc.

Irvine, calif., april 29, 2021 (globe newswire) -- lantronix inc. (“lantronix”) (nasdaq: ltrx), a global provider of software as a service (saas), connectivity services, engineering services, intelligent hardware and turnkey solutions for the internet of things (iot) and remote environment management (rem), today announced that it has entered into a definitive securities purchase agreement to acquire transition networks and net2edge, which comprises the electronics and software reportable business segment of communications systems inc. (nasdaq: jcs) (“csi”).
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