Lantronix announces acquisition of uplogix

Irvine, calif., sept. 12, 2022 (globe newswire) -- lantronix inc. (nasdaq: ltrx), a global provider of secure turnkey solutions for intelligent it and internet of things (iot), today announced its acquisition of out-of-band (oob) management solutions provider, uplogix inc., for approximately $8 million in cash with an additional payment of up to $4 million, subject to the achievement of certain revenue targets for uplogix.
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