“With over 125 million broadband and WiFi connections under contract, CloudCheck and Expresse will elevate the DZS Cloud platform and expand our customer base to include marquee brands such as
CloudCheck and Expresse deliver incremental revenue opportunities, an optimal consumer experience and operational efficiencies for service providers including:
- High performance service delivery: intelligent and adaptive WiFi management with real-time access-edge performance optimization
- World-class network and customer-support operations: proactive, predictive and automated diagnostics, troubleshooting and resolution of service issues integrated into customer support and network operations workflows
- Advanced service insights and recommendations: broadband traffic and user behavior modelling to identify service and network-upgrade opportunities
CloudCheck and Expresse uniquely transform how service providers manage, optimize and deliver new services that enhance consumer experience. Expresse has pioneered the access-network assurance category for service providers globally for over a decade. This software solution optimizes the end-to-end, consumer quality-of-experience with real-time monitoring, diagnosis and resolution of performance issues in multi-vendor access networks. CloudCheck will become the DZS consumer-management platform, optimizing WiFi performance and providing consumers with a menu of capabilities including parental controls, network performance analytics, security protection, and a roadmap of new in-home services.
“The CloudCheck and Expresse addition to the DZS convergent and transformational portfolio of broadband-connectivity, mobile, optical-edge and network orchestration solutions will create an enviable end-to-end portfolio of access networking, in-home WiFi and cloud native software solutions. These will further enhance connectivity, proliferate adaptive network-performance optimization and increase the levels of scalable support provided to ASSIA’s existing customers operational efficiency and as well for the many other customers of DZS,” said
The newly acquired customer relationships represent over 125 million broadband and WiFi connections. The Expresse and CloudCheck solutions support over 150 unique residential gateways from a wide array of equipment suppliers, further extending the DZS commitment to open standards and interoperability.
“Over the course of the last decade, Lumen has developed a deep appreciation of the power of CloudCheck and Expresse in helping us to deliver an optimal customer experience,” said
“Delivering the best possible experience for our customers is important to TELUS,” said
This all-cash acquisition will expand the DZS Cloud platform’s recurring Software-as-a-Service (SaaS) revenue, accelerating our previously stated target margin expansion timeline. Expected to close during Q2, the acquisition will be accretive to DZS adjusted gross margin, adjusted EBITDA margin and non-GAAP EPS.
About DZS
DZS, the DZS logo, and all DZS product names are trademarks of
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s
For further information see: www.DZSi.com.
DZS on Twitter: https://twitter.com/dzs_innovation
DZS on LinkedIn: https://www.linkedin.com/company/DZSi/
Media Contact:McKenzie Hurst , Thatcher+Co. Phone: +1 408.888.6787 Email: mhurst@thatcherandco.com
Source: DZS
2022 GlobeNewswire, Inc., source