The companies said the assets will be integrated into California-based AXON's network-as-a-service portfolio, while DZS now will concentrate on its networking, connectivity, and cloud edge business.
CFO Misty Kawecki will step down at the end of this month, following the successful completion of DZS' financial restatement. Brian Chesnut, who was appointed chief accounting officer in April, has been named interim CFO.
In conjunction with the acquisition, global investment firm EdgeCo LLC increased its financial support of DZS, with an eye toward "United States and other government broadband stimulus programs" being released in 2024 and 2025.
DZS said Scott St. John will be responsible for leading global sales for the company and will focus on driving accelerated revenue growth across the Americas and Europe, Middle East and Africa, and Australia/New Zealand regions.
Israel-based drone food delivery company Flytrex is partnering with Nash to build an autonomous-first delivery system across its Dallas-Fort Worth sites. Nash, a San Francisco-based autonomous logistics platform, will decide which orders fly and which go by road....
Israel-based drone food delivery company Flytrex is partnering with Nash to build an autonomous-first delivery system across its Dallas-Fort Worth sites. Nash, a San Francisco-based autonomous logistics platform, will decide which orders fly and which go by road....