🟢 Lantronix is trading 8.4% up today after acquiring Vecima Networks’ industrial IoT business

Lantronix is trading 8.4% up today at $5.76 after unveiling a deal to acquire Vecima Networks’ industrial IoT business, including the Nero Global Tracking SaaS platform.

• The transaction adds approximately $5.3 million in total revenue, including $4.5 million in high-margin annual recurring revenue (ARR).
• The deal includes 125,000 asset tags, reinforcing the company's strategic push toward higher-margin, subscription-based Industrial IoT solutions.
• Investors are rewarding the move as it further shifts the company's business model toward recurring software-based revenue.