DZS Inc. (NasdaqCM:DZSI) entered into a definitive agreement to acquire Core Assets of Adaptive Spectrum and Signal Alignment, Inc. on April 29, 2022. The transaction is an all-cash acquisition. As part of the deal, an experienced team of cloud and AI software engineers, architects and business leaders will join DZS's staff.

The transaction is subject to ASSIA's shareholders approval and it is expected to close during Q2. The acquisition will be accretive to DZS adjusted gross margin, adjusted EBITDA margin and non-GAAP EPS.