Lantronix Acquires Uplogix

September 12, 2022

Lantronix Inc. acquired Out-of-Band (OOB) management solutions provider Uplogix Inc. for approximately $8 million in cash plus up to $4 million contingent on revenue targets. The deal (Uplogix LTM revenue ~ $9M) expands Lantronix’s OOB remote management product portfolio and is expected to generate operating and product development synergies and be accretive to non-GAAP earnings within six months.

Buyers
Lantronix Inc.
Targets
Uplogix Inc.
Industry
IT Services
Location
California, United States
Transaction Type
Buyout

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