Lantronix to Acquire Building and Home Automation Software Developer Premise Systems

1/10/2002 - Lantronix, Inc. (Nasdaq: LTRX), announced it has acquired Premise Systems Inc., of Redmond, WA, a provider of advanced automation software solutions, pending acceptance of certificates of merger filed today with the secretary of states of Iowa and Delaware. Although terms of the agreement were not disclosed, the pact positions Lantronix to capitalize on the multi-billion-dollar building and home automation markets.

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