August 3, 2021 – Madagascar Newswire

August 3, 2021

Synchronoss Personal Cloud Solution Selected for Integration into Japan’s Kitamura Online and Retail Channels

New partnership will allow Japanese retailer to offer content storage as it seeks to digitize more of its services

BRIDGEWATER, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions, today announced that Kitamura, a Japanese multimedia retailer, has selected the Synchronoss Personal Cloud solution for integration into its online and retail channel. The addition of personal cloud will give Kitamura’s online and retail customers the ability to back up and manage their valuable digital content, including photos and videos, from any device.

Kitamura is one of Japan’s leading retailers offering image-related services and products, including cameras, photo printing, video dubbing, photo studio, photo books and so on. The retailer has over 1,000 retail locations across the country with over 20 million paying visitors each year and approximately 10 million consumers registered in its online services. Through this integration, Kitamura will be able to provide seamless online and retail experience with the new white-label personal cloud offering.

“We are excited to be partnering with Synchronoss to integrate its personal cloud solutions across our online and retail channels,” said Hajime Yanagisawa, Managing Executive Officer, Kitamura. “We have always been committed to bringing customers’ memories to life through the medium of photography, and this cloud offering is the next step in not only enabling our customers to enjoy their memories but to also store, organize and manage them safely and securely. We’re looking forward to bringing this new service to our customers as we continue our journey towards digitizing our offering.”

Synchronoss’ white-label personal cloud has been adopted by mobile operators and other companies across the globe. The solution gives their customers a safe, secure cloud experience and the ability to store and sync digital content – a key to building brand loyalty and customer satisfaction in an increasingly online world. It also delivers to those organizations the flexibility to quickly add additional value-added services that strengthen the bottom line.

Anthony Socci, President of Synchronoss International, said he is delighted to be working with Kitamura on its new cloud offering. “This cloud solution will be instrumental to Kitamura as it increases its digital touchpoints and seeks to create new revenue streams beyond its traditional printing and camera retail business. We look forward to collaborating with Kitamura as it brings new, innovative services to its customers,” he said.

To learn more about Synchronoss cloud solutions, visit synchronoss.com/solutions/cloud.

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com

About Kitamura
Kitamura is a leading company of photographic and video-related products and services in Japan. The company owns Japan’s largest in-house laboratories (photo and video processing factories) and delivers its services and products via more than 1,000 retail stores nationwide and online. It’s the company’s mission to provide services to shape customer memories not only at that moment but also for decades to come, restore photos, and revive precious memories.

Media Contacts

For Synchronoss: Anais Merlin, CCgroup, E: synchronoss@ccgrouppr.com

Investor Contact
For Synchronoss: Todd Kehrli/Joo-Hun Kim, MKR Investor Relations, Inc., E: investor@synchronoss.com

August 3, 2021

Laserfiche lance un package d’automatisation des processus d’entreprise pour soutenir la réouverture numérique post-pandémie des organisations

LONDRES, 3 août 2021/PRNewswire/ — Laserfiche – principal fournisseur SaaS de gestion intelligente de contenu et d’automatisation des processus d’entreprise – a annoncé aujourd’hui l’introduction d’un package Digital Reopening de modèles de processus préconstruits visant à soutenir les efforts des organisations pour restaurer, récupérer, réimaginer et reconstruire le travail dans un monde post-pandémique.

Le nouveau package est une extension d’une collection existante de plus de 100 modèles de solutions qui permettent aux utilisateurs de Laserfiche de télécharger des diagrammes de processus, des flux de travail, des champs de modèles et des rapports, qui peuvent tous être configurés pour répondre aux exigences opérationnelles spécifiques d’une organisation pour un déploiement rapide de la solution.

Linda Ding, directrice principale du marketing stratégique chez Laserfiche, a déclaré : « Laserfiche s’est engagé à soutenir les organisations de tous les secteurs d’activité dans leur réponse rapide à la pandémie. Nous avons travaillé avec des clients innovants, des leaders de l’industrie et des partenaires technologiques pour développer des modèles de flux de travail à faible code qui peuvent être déployés rapidement, dans le but d’accroître l’accessibilité des services et la visibilité des procédures de sécurité lorsque les employés, les clients, les étudiants et les électeurs en ont le plus besoin, et de redonner du temps aux dirigeants des organisations pour qu’ils se concentrent sur le bien-être de leurs communautés et l’avenir de leur entreprise. »

Le package comprend trois catégories d’automatisation des processus que les utilisateurs peuvent utiliser dans des contextes variés : intervention d’urgence à court terme, modernisation des flux de travail à moyen terme et transformation numérique à long terme. Les premières de ces nouvelles solutions sont disponibles dès maintenant, et des versions supplémentaires sont prévues pour août et octobre 2021. La version initiale comprend les solutions suivantes :

Le rapport quotidien des symptômes des employés permet un dépistage plus rapide des employés et favorise la sécurité au travail. La solution permet aux employés de soumettre un rapport quotidien de symptômes en ligne avant de commencer à travailler pour la journée. Un représentant des ressources humaines est averti par courrier électronique si un employé a une température élevée, signale des symptômes ou a été en contact avec une personne diagnostiquée avec le COVID-19. Ces employés sont alors informés par un e-mail automatisé qu’ils doivent rester chez eux et se reposer ou qu’il leur est recommandé de travailler à distance.
L’enquête sur l’expérience du travail à domicile soutient les efforts continus des employeurs pour surveiller le bien-être des employés qui travaillent à distance. Les employeurs peuvent utiliser cette solution d’enquête pour évaluer dans quelle mesure leurs employés s’adaptent au travail à domicile, ce qui fonctionne bien et ce qui pourrait être amélioré. Les questions de l’enquête peuvent être facilement adaptées aux besoins de l’organisation.
Le suivi de l’inventaire et la demande d’équipement permettent aux équipes informatiques de suivre le matériel fourni aux employés distants et de gérer l’inventaire des équipements. Pour suivre le matériel initialement utilisé au bureau, les employés fournissent les informations associées à leur matériel, comme le numéro d’identification de l’appareil, via un formulaire électronique. Ce formulaire peut également être utilisé pour demander du matériel supplémentaire. Lorsqu’une demande de matériel supplémentaire est soumise, un représentant informatique est automatiquement désigné pour attribuer le matériel à l’employé.
Le questionnaire de retour au travail permet aux employeurs de recueillir les informations nécessaires, telles que les symptômes des employés et le calendrier de retour au travail prévu, afin d’informer et de soutenir la stratégie de réouverture de l’entreprise. Sur la base des réponses des employés, ceux-ci peuvent être affectés à une cohorte ou à une phase spécifique qui s’aligne sur les conseils des autorités sanitaires locales, correspond à votre stratégie de réouverture et permet à votre organisation de gérer la capacité des bureaux.
La demande de congé COVID-19 permet de se conformer à la loi Families First Coronavirus Response Act, qui prévoit que les employés bénéficient d’un congé de maladie payé ou d’un congé médical et familial étendu pour des raisons liées au COVID-19. Un employé peut soumettre une demande de congé par le biais d’un formulaire en ligne ; elle est ensuite automatiquement assignée à un représentant des ressources humaines pour examen et approbation. Un e-mail automatique informe l’employé de l’approbation ou du refus de sa demande.

En plus de permettre le déploiement rapide de solutions automatisées, le package Digital Reopening donne aux organisations les outils pour suivre les demandes et traiter les données, ce qui permet une optimisation continue. Des organisations du monde entier ont tiré parti de Laserfiche tout au long de la pandémie, en développant une infrastructure informatique et des plans de continuité des activités robustes, et en transformant l’expérience numérique des employés et des clients lors de perturbations majeures. Pour en savoir plus sur la façon dont les organisations ont utilisé Laserfiche tout au long de la pandémie et dans la planification de l’avenir, visitez la page de ressource Digital Reopening de Laserfiche.

Notes à l’intention des rédacteurs

À propos de Laserfiche

Laserfiche est le principal fournisseur de logiciels à la demande offrant des solutions de gestion intelligente du contenu et d’automatisation des processus opérationnels. Grâce à de puissants flux opérationnels, à des formulaires électroniques ainsi qu’à la gestion et l’analyse de documents, la plate-forme Laserfiche® accélère les processus d’affaires, ce qui permet aux dirigeants de se concentrer sur la croissance globale de leur entreprise.

Laserfiche est une pionnière en matière de gestion du contenu des entreprises pour éliminer l’utilisation du papier au bureau. Aujourd’hui, son approche de développement axée sur le cloud intègre les innovations en matière d’apprentissage machine et d’IA, afin de permettre aux entreprises de plus de 80 pays de passer au numérique. Les clients issus de tous les horizons – gouvernement, éducation, services financiers, soins de santé, fabrication – font appel à Laserfiche pour accroître leur productivité, prendre de l’expansion et offrir des expériences client axées sur le numérique.

Basés dans différents bureaux aux quatre coins du globe, les employés de Laserfiche s’engagent à réaliser la vision de l’entreprise : renforcer l’autonomie des clients et inspirer les gens à repenser comment la technologie peut transformer leurs vies.

Pour communiquer avec Laserfiche :

Blog de Laserfiche | Twitter | LinkedIn | Facebook

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August 3, 2021

Laserfiche launches business process automation package to support organisations’ post-pandemic digital reopening

LONDON, Aug. 3, 2021 /PRNewswire/ — Laserfiche — the leading SaaS provider of intelligent content management and business process automation — has today announced the introduction of a Digital Reopening package of prebuilt process templates aimed at supporting organisations’ efforts to restore, recover, reimagine, and rebuild work in a post-pandemic world.

The new package is an expansion to an existing collection of over 100 solution templates that allow Laserfiche users to download process diagrams, workflows, template fields and reports, all of which can be configured to fit an organisation’s specific operational requirements for rapid solution deployment.

Linda Ding, senior director of strategic marketing at Laserfiche said: “Laserfiche is committed to supporting organisations across industries in their quick response to recovery from the pandemic. We worked with innovative customers, industry leaders and technology partners to develop this package’s low-code workflow templates that can be deployed quickly, with the goal of increasing accessibility of services and visibility into safety procedures when employees, customers, students and constituents need them most; and reclaiming time for organisational leaders to focus on the well-being of their communities, and the future of their enterprise.”

The package includes three categories of process automation users can utilise for a variety of contexts: short-term emergency response, medium-term workflow modernisation, and long-term digital transformation. The first of these new solutions are available now, with additional releases planned for August and October 2021. The initial release includes the following solutions:

Daily employee symptom report enables faster pre-screening for employees and supports continued safety at work. The solution allows employees to submit a daily symptom report online before starting work for the day. A human resources representative is notified by email if an employee has an elevated temperature, reports any symptoms or has come in contact with anyone diagnosed with COVID-19. These employees are then notified via automated email to stay home and rest or are recommended to work remotely.
Work from home experience survey supports employers’ ongoing effort to monitor employee well-being while working remotely. Employers can use this survey solution to assess how well their employees are adjusting to working from home, what works well, and what could be improved. Survey questions can be easily tailored to organisational needs.
Inventory tracking and equipment request enables IT teams to track hardware provided to remote employees and manage equipment inventory. To track hardware originally used in-office, employees provide information associated with their hardware, like device ID number, via an electronic form. The form can also be used to request additional equipment. When a request is submitted for additional hardware, an IT representative is automatically designated to assign equipment to the employee.
Return to work questionnaire allows employers to collect needed information such as employee symptoms and intended return to work schedule to inform and support organisation’s reopening strategy. Based on employee answers, they can be assigned to a specific cohort or phase that aligns with guidance from local health officials, corresponds to your reopening strategy and enables your organisation to manage in-office capacity.
COVID-19 time-off request helps support compliance with the Families First Coronavirus Response Act to provide employees with paid sick leave or expanded medical and family leave for reasons related to COVID-19. An employee can submit a time-off request via an online form; it is then automatically assigned to a human resources representative for review and approval. An automated email notifies the employee whether the request is approved or denied.

In addition to enabling the rapid deployment of automated solutions, the Digital Reopening package gives organisations the tools to track requests and process data, allowing for continuous optimisation. Organisations around the world have leveraged Laserfiche throughout the pandemic, developing robust IT infrastructure and business continuity plans, and transforming the digital experience for employees and customers during major disruptions. To learn more about how organisations have used Laserfiche throughout the pandemic and in planning for the future, visit Laserfiche’s Digital Reopening Resource Page.

Notes to Editors

About Laserfiche

Laserfiche is the leading SaaS provider of intelligent content management and business process automation. Through powerful workflows, electronic forms, document management and analytics, the Laserfiche® platform accelerates how business gets done, enabling leaders to focus on growth across the enterprise.

Laserfiche pioneered the paperless office with enterprise content management. Today, Laserfiche’s cloud-first development approach incorporates innovations in machine learning and AI to enable organisations in more than 80 countries to transform into digital businesses. Customers in every industry — including government, education, financial services, healthcare and manufacturing — use Laserfiche to boost productivity, scale their business and deliver digital-first customer experiences.

Laserfiche employees in offices around the world are committed to the company’s vision of empowering customers and inspiring people to reimagine how technology can transform lives.

Connect with Laserfiche:

Laserfiche Blog | Twitter | LinkedIn | Facebook

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August 3, 2021August 4, 2021

Gulf of Mexico’s ‘Dead Zone’ Larger Than Predicted, According to New NOAA Study

NOAA-supported scientists on Tuesday reported that this year’s “dead zone” in the Gulf of Mexico is larger than originally predicted, at more than 16,000-square kilometers, or about the surface area of Lake Ontario and Lake Erie combined.

NOAA forecasted in June that the hypoxic zone — an area with little to no oxygen to support marine life — would be 12,600 square kilometers, which would have been smaller than the five-year average. The actual size proved far larger.

The annual hypoxic zone survey was conducted aboard the R/V Pelican research vessel from July 25 to August 1 by scientists from Louisiana State University and the Louisiana Universities Marine Consortium.

The researchers gathered data on the dead zone’s location, as well as oxygen and salinity levels. This evidence is vital for NOAA to refine its models and study how to decrease the size of the hypoxic area.

The dead zone’s expansion is believed to be driven by pollutant runoff from farms and cities contaminating the Mississippi River, which flows into the Gulf of Mexico and stimulates oxygen-consuming algae growth. NOAA aims to minimize the loss of habitat caused by the phenomenon for living resources like commercially harvested fish and diminish the hypoxic zone’s influence on local economies.

The Interagency Mississippi River/Gulf of Mexico Hypoxia Task Force utilizes the survey’s data to evaluate nutrient runoff and create solutions to lessen contaminants in the watershed. The Hypoxia Task Force collaborates with local farmers and corporations to execute water quality projects.

“Our nation’s farmers provide the food, the fuel, the fiber, that sustains our families, that sustain our nation, and they are true leaders in environmental stewardship and water management,” said Radhika Fox, co-chair of the Hypoxia Task Force.

Government investments assist in the task force’s goal of reducing the dead zone, like the USDA’s $38 million contribution to small watersheds, and Section 319 of the Clean Water Act that provides grants to professionals who seek to mitigate waterway pollutants.

According to Nancy Rabalais of Louisiana State University and principal investigator of the survey, the effects of climate change could alter the dead zone. Rabalais stated that rising temperatures and greater precipitation will increase the Gulf’s “stratification, or the layering of the surface layer over the bottom layer, making that difference much stronger and preventing oxygen from the surface getting back down to the bottom.”

Forecasting methods used by NOAA to measure the hypoxic zone may be impacted by climate change because of their reliance on average coastal weather conditions. Current practices may require adaptation as ocean temperatures rise and extreme weather events increase.

Source: Voice of America

August 3, 2021August 4, 2021

US Has Shipped 110 Million COVID-19 Vaccine Doses to 65 Countries

WHITE HOUSE – Calling it a major milestone, U.S. President Joe Biden announced on Tuesday that the country has shipped more than 110 million doses of coronavirus vaccine to 65 nations that are among the hardest hit in the world.

“This is more than the donations of all 24 countries that donate any vaccine to other countries, including China and Russia,” Biden said during remarks in the White House East Room.

The president emphasized that Washington is making no demands for its donations of doses.

“And there’s no favoritism and no strings attached. We’re doing this to save lives to end this pandemic,” Biden said.

In response to a question from VOA on whether other high-income countries should follow the lead of the United States, the president replied: “I think those countries that have been able to cover their population and have the ability to provide either dollars and/or vaccines for the 100 or so net-poor nations that need help should do so.”

Biden added that some Group of 7 countries, which made such pledges at their recent summit in England, have followed through.

“We’ve kept the commitment that we would do what we said, which is more than all the rest of the countries combined this far,” the president noted.

Tom Hart, acting chief executive officer of the ONE campaign, a global organization fighting extreme poverty and preventable disease, agreed with Biden’s call for other prosperous countries to do more.

“The U.S. is leading the global COVID-19 fight, but the rest of the world must step up to the plate and match the Biden administration’s ambition and action. With COVID-19 raging globally and new variants emerging constantly, wealthy countries face a clear choice: Share more doses and shorten the pandemic or continue to hoard doses and prolong COVID-19 indefinitely,” Hart said in a statement.

A September summit that the U.S. president plans to host “must be a turning point, with new, additional commitments to get vaccines to everyone and address the devastating economic impact of COVID-19. Everyone is on the hook to deliver,” Hart added.

“The Biden administration’s efforts to share excess vaccine doses with other countries will save lives and help end the pandemic faster in the U.S. and around the world,” Sean Simons, press secretary for the ONE Campaign, told VOA. “We won’t end this pandemic anywhere unless we beat it everywhere.”

Most of the U.S. vaccine doses have been shipped through the World Health Organization-managed COVAX cooperative, as well as through regional partnerships such as the African Union and Caribbean Community.

Biden said that his administration has fulfilled its pledge to give at least 80 million vaccine doses to other nations around the globe and that they are a down payment on hundreds of millions of more doses that the United States will deliver in the coming weeks.

“Starting at the end of this month, the administration will begin shipping a half a billion Pfizer doses that the United States has pledged to purchase and donate to 100 low-income countries in need,” according to a White House statement.

The president’s announcement comes amid an increase in infections in the United States and around the world, fueled by the highly contagious delta variant of the coronavirus.

During the past month, average daily new cases of COVID-19 in the United States have surged above 85,000. That is higher than the peak seen last summer and is at a level not seen since mid-February of this year.

Biden, in his Tuesday remarks, criticized moves by some U.S. states to forbid mask mandates.

“As of now, seven states not only ban mask mandates but also ban them in their school districts, even for young children who cannot get vaccinated,” the president noted. “Some states have even banned businesses and universities from requiring workers and students to be masked or vaccinated.”

Biden called such edicts disappointing and said if governors “aren’t willing to do the right thing to beat this pandemic, then they should allow businesses and universities who want to do the right thing to be able to do it.”

The president repeated his appeal for governors to help, “but if you aren’t going to help, at least get out of the way. The people are trying to do the right thing. Use your power to save lives.”

Governors opposing mask mandates say it should be a matter of individual choice. They also claim such mandates are not enforceable nor do they encourage more people to be vaccinated.

Source: Voice of America

August 3, 2021

Don’t miss Australia’s largest Aboriginal and Torres Strait Islander visual art event

Digital DAAF, 2020

Photo by Dylan Buckee

DARWIN, Australia, Aug. 03, 2021 (GLOBE NEWSWIRE) — The Darwin Aboriginal Art Fair (DAAF) will open Friday 6 August via its cutting-edge digital platform, connecting audiences around the world with Australia’s Aboriginal and Torres Strait Islander creatives.

Presented by Darwin Aboriginal Art Fair Foundation (DAAFF), now in its 15^th year, the DAAF program will run from 6-11 August. The program features a highly anticipated digital art fair and an online Public Program that includes artist masterclasses and artists talks.

George Tjungurrayi Ward, Tingarri, acrylic on linen, 300x760mm 2021

Image courtesy of Warakurna Artists

DAAFF will also showcase two First Nations fashion events including the annual National Indigenous Fashion Awards (NIFA) and the winner announcement will be live streamed across NITV’s social media channels on 3 August, direct from the Darwin Convention Centre, Australia. The vibrant Country to Couture runway will also be presented on 4 August.

DAAF is internationally celebrated as a world-class program and pays homage to the world’s oldest living culture. It is the only event of its kind that connects artists, performers and Art Centres from Australia’s most remote regions with domestic and international audiences, eager to snap up stunning and authentic works.

DAAFF Executive Director, Claire Summers says the program generates significant flow-on benefits for Australia’s Indigenous communities, where 100 per cent of the sales from each artwork is returned to Art Centres, the artists and their communities.

Rita and Monica Watson at Ninuku Arts

Photo by Meg Hansen

“We are honoured to be able to profile over 70 Indigenous owned Art Centres and open up the rich storytelling, culture, and history behind these works of art,” says Ms Summers.

Commenting on the decision to pivot from a physical event to an online strategy, Ms Summers adds, “We’ve already had overwhelming interest in our Public Program, with many of the workshops at capacity. Last year we welcomed the largest global audience we have ever seen thanks to our digital offering.”

DAAF connects Indigenous and non-Indigenous art and culture audiences through its unique event to celebrate the vibrant heritage of Australian First Nations Peoples, providing an important meeting place for artists and designers to share stories and traditions through their chosen medium.

The DAAF program includes:

Tuesday 3 August |National Indigenous Fashion Awards (NIFA)
Wednesday 4 August | Country to Couture
6-11 August | 15^th Darwin Aboriginal Art Fair (DAAF)

For access to the Darwin Aboriginal Art Fair, register daaf.com.au/art-fair-2021

tiffanye@bastionagency.com
+61 404 303 308

Photos:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7c961e7b-6fc0-410c-9f8f-370575a45d15

https://www.globenewswire.com/NewsRoom/AttachmentNg/4948c374-8edc-4336-9098-da9c360ccabf

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August 3, 2021

Dext launches new product to make managing sales data simpler: Dext Commerce

Solution helps accountants & bookkeepers take on digital sales clients profitably
Simplifies sales data and tax calculations for businesses selling via Shopify, Amazon, and other leading e-Commerce platforms

LONDON, Aug. 03, 2021 (GLOBE NEWSWIRE) — Accounting software provider Dext has added a digital sales product to its growing platform, following the acquisition of Greenback which rebrands to ‘Dext Commerce’.

Dext Commerce allows accountants and bookkeepers to take on more digital sales clients by simplifying the collection and categorisation of sales data from 16 e-commerce, POS and payment platforms including Amazon, PayPal, Shopify and Stripe. It also integrates with Xero and Quickbooks Online, enabling accountants and bookkeepers to accurately submit eCommerce revenue into the largest accounting platforms.

The solution solves the challenge of manually fetching and consolidating sales data from multiple commerce and payment platforms in different formats. Dext Commerce simplifies sales data and tax calculations across multiple countries, allowing accountants and bookkeepers to more profitably service digital sales clients.

Key Dext Commerce features include:

A digital record of sales transactions line by line to support compliance with new data regulations like ‘Making Tax Digital’ in the UK;
Making sure clients report and pay the right sales tax, wherever they sell;
Itemise sales, fees, refunds and reimbursements data, line by line, with one subscription;

E-commerce sales in the UK and US comprised c. 35% of total retail sales in 2021, nearly doubling in the UK¹.

Dext CEO, Adrian Blair, commented: “Millions of businesses now sell via eCommerce platforms like Amazon and Shopify. Dext Commerce enables accountants and bookkeepers to take on these businesses as clients more profitably. Dext Commerce solves two key pain points: getting standardised data, line by line, from multiple sources; and ensuring digital sellers accurately calculate how much tax to pay in different markets.”

Dext Commerce is available to all accountants, bookkeepers and businesses in the UK, US and Canada from September 1st, with rollout in France and Australia later this year.

¹ ONS, US Census: https://www.ben-evans.com/presentations

Paul-Reza Afshar
paul.afshar@dext.com

August 3, 2021

Lantronix Completes Acquisition of Electronics and Software Reportable Business Segment from Communications Systems, Inc.

IRVINE, Calif., Aug. 02, 2021 (GLOBE NEWSWIRE) — Lantronix, Inc. (“Lantronix”) (NASDAQ: LTRX), a global provider of Software as a Service (Saas), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), today announced that it has completed its previously announced acquisition of Transition Networks and Net2Edge, which comprises the majority of the Electronics and Software reportable business segment of Communications Systems, Inc. (NASDAQ: JCS) (“CSI”).

The transaction will bring immediate scale to Lantronix, with revenues from the combined company expected to total more than $100 million on an annual basis. The acquisition will bring complementary IoT connectivity products and capabilities, including switching, Power over Ethernet (PoE) and media conversion and adapter products.

Lantronix sees significant operating and product development synergies in the combined company and expects significant day one synergies will drive immediate non-GAAP earnings accretion upon closing, and the company further expects to realize $7 million in annual run rate synergies over the course of the first 24 months. Lantronix will release guidance for its fiscal year 2022 on its fourth quarter fiscal year 2021 earnings conference call, with that date to be named shortly.

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, along with SVB Capital, provided acquisition financing.

O’Melveny & Myers LLP served as legal advisor to Lantronix.

About Lantronix
Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to provide reliable and secure IoT Intelligent Edge and OOBM solutions while accelerating time to market. Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT projects while providing quality, reliability and security across hardware, software and solutions.

With three decades of proven experience in creating robust IoT technologies and OOBM solutions, Lantronix is an innovator in enabling its customers to build new business models, leverage greater efficiencies and realize the possibilities of the Internet of Things. Lantronix’s solutions are deployed inside millions of machines at data centers, offices and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental and government.

Lantronix is headquartered in Irvine, Calif. For more information, visit www.lantronix.com.

Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.

Discussion of Non-GAAP Financial Measures

Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company’s financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix’s ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. The forward-looking statements in this press release include, among others, statements about the expected benefits of the acquisition of Transition Networks and Net2Edge (the “Transaction”), including expected synergies in the combined company, to Lantronix and its stockholders, the accretive nature of the proposed Transaction and expected future operating results of the combined company. Forward-looking statements are based on current expectations and assumptions and analyses made by Lantronix and its management in light of experience and perception of historical trends, current conditions, and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to: Lantronix’s ability to integrate the acquired businesses successfully after the Transaction and achieve anticipated benefits from it; risks relating to any unforeseen liabilities of the acquired businesses; inaccuracies of reserve estimates or assumptions underlying them; revisions to reserve estimates as a result of changes in commodity prices; any loss of management or key personnel; the impact of the COVID-19 pandemic, including the emergence of new more contagious and/or vaccine-resistant strains of the virus and the impact of vaccination efforts, including the efficacy and public acceptance of vaccinations, on the combined companies’ business, employees, supply and distribution chains and the global economy; and any additional factors included in Lantronix’s Report on Form 10-K for the fiscal year ended June 30, 2020, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2020, including in the section entitled “Risk Factors” in Item 1A of Part I of such report; its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021, filed with the SEC on April 30, 2021, including in the section entitled “Risk Factors” in Item 1A of Part II of such report; and in the Company’s other public filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of which Lantronix management is currently unaware or does not currently view as material to the Company’s business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements Lantronix makes speak only as of the date on which they are made. Lantronix undertakes no obligation to revise or update publicly any forward-looking statements except as required by law or the rules of the Nasdaq Stock Market, LLC.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488