Lantronix Named Finalist in the Ranking of The Top 100 Software Companies of 2024
IRVINE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced that it was named a finalist in The Top 100 Software Companies of 2024 ranking by The Software Report, a top online resource for investors, executives and professionals in the software industry. Lantronix is in great company, as past award winners included Adobe, LexisNexis, Cvent and Alteryx.
"Being recognized as a finalist in the Top 100 Software Companies of 2024 validates our unwavering commitment to advancing business efficiency and fostering innovation in the IoT sector with cutting-edge technology," said Saleel Awsare, CEO of Lantronix.
The finalist placement was given in part due to Lantronix's Percepxion™ Cloud IoT Edge Solutions platform. Lantronix's leading-edge solution also includes Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.
Since its launch in February 2024, the Percepxion platform has distinguished itself as an award-winning solution for IoT operations management. Deployed by a diverse range of companies, from Fortune 100 enterprises to agile, cutting-edge startups, Percepxion has demonstrated its capability to streamline and enhance IoT operations across industries.
Delivered as a service, the Percepxion multi-tenant cloud platform provides businesses with comprehensive device lifecycle management through Web, APIs and mobile apps. It is offered with Level Technical Support, limited warranty and other optional services. Remote installation of Lantronix devices includes zero-touch automated provisioning managed through Percepxion. Site-required firmware, configuration and certificates are remotely loaded to ensure secure data communication and compliant devices. The platform is ideal for critical infrastructure management, fleet management, smart cities and other end-to-end IoT edge solutions.
According to IoT Analytics, the Enterprise IoT market reached $269 billion in 2023, growing 15 percent year-over-year. With regions like China, India and the United States leading this growth as well as sectors such as automotive and process manufacturing driving vertical expansion, Lantronix is strategically positioned to capitalize on these trends. Lantronix's innovative solutions are designed to meet the increasing demand for secure, scalable IoT management.
To learn more about Percepxion and review its 60-day free trial offer, visit https://www.lantronix.com/percepxion/.
About Lantronix
Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix's products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix's leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.
For more information, visit the Lantronix website.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including without limitation statements related to Lantronix's Percepxion platform, including statements about their reliability, security and flexibility. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers' and vendors' supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission (the "SEC") on Sept. 12, 2023, including in the section entitled "Risk Factors" in Item 1A of Part I of such report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, filed with the SEC on May 2, 2024, including in the section entitled "Risk Factors" in Item 1A of Part II of such report; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
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Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
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