Lantronix Inc., a global provider of edge AI and industrial IoT solutions, is acquiring the assets of Vecima Networks Inc.’s industrial IoT (IIoT) business, including its Nero Global Tracking software-as-a-service platform. The transaction is expected to close in the near term, subject to customary closing conditions.
According to the company, the acquisition will add a proven SaaS application layer to Lantronix’s edge hardware and connectivity portfolio, expanding its critical infrastructure monitoring vertical and accelerating its shift toward higher-margin, recurring-revenue IoT solutions.
Nero Global Tracking brings an established North American customer base across the fleet, municipal, restoration, and industrial asset-tracking markets, strengthening Lantronix’s ability to deliver integrated solutions for customers managing mission-critical assets.
“This acquisition is consistent with our platform strategy and advances exactly where we are looking to take Lantronix: toward higher-margin, recurring-revenue solutions that combine our edge hardware, connectivity and software capabilities,” said Saleel Awsare, president and CEO of Lantronix. “At the same time, it complements the strength we are seeing in our drone and aerospace & defense business by expanding into another high-value growth vertical: critical infrastructure monitoring. Nero brings a proven SaaS application layer, established North American customers, and approximately 125,000 asset tags under management, while Lantronix brings the edge hardware, secure connectivity, and firmware expertise needed to deliver a more complete solution for customers managing mission-critical assets.”
Nero Global Tracking provides GPS-based vehicle and asset tracking for fleet operators, municipalities, restoration contractors, and industrial customers throughout North America.
Pairing Nero Global Tracking with Lantronix’s gateways, edge compute, and connectivity products advances the company’s hardware-plus-recurring-revenue model. The combination is expected to support integrated solutions for fleets, municipal infrastructure, restoration contractors, and industrial asset monitoring, the company said.
Nero Global Tracking customers and channel partners can expect continuity in service, support, and product roadmap. The approximately 30-person IIoT team will join Lantronix, adding domain expertise in SaaS-based asset tracking, customer support and application-layer software development. Over time, Nero customers and partners will gain access to Lantronix’s broader IIoT portfolio, including opportunities to integrate Nero Global Tracking with Lantronix hardware, connectivity and edge compute products.
“Lantronix is the right home for this business,” said Sumit Kumar, president and CEO of Vecima Networks. “This transaction gives our IIoT team, customers, and channel partners access to a larger global platform with a more comprehensive, end-to-end solution. It brings together industry-leading hardware, connectivity, and application software under one roof. With additional resources to support innovation and growth, we’re confident our customers will benefit from an even stronger value proposition, while also allowing Vecima to sharpen its focus on its core broadband and video markets.”
For more information about this news, visit www.lantronix.com.