Lantronix Adds High-Margin ARR and Expands Critical Infrastructure Monitoring Platform with Acquisition of Vecima Networks’ Industrial IoT Business
Lantronix Inc. announced its agreement to acquire Vecima Networks' Industrial IoT business including the Nero Global Tracking SaaS platform. The acquisition adds $5.3 million in total revenue, with $4.5 million in annual recurring revenue and approximately 125,000 asset tags under management, enhancing Lantronix's critical infrastructure monitoring…