Lantronix Case Study focuses on Reliable and Secure Support Provided to Financial Services Industry by its Out-of-Band Solutions
April 18 2024 - 6:00AM
Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and
connectivity IoT solutions announced that it published today its
case study focusing on deployment of its Out-of-Band (OOB)
solutions and accompanying Level Technical Services by a leading
financial services company. This large global entity has a complex
IT infrastructure that includes highly distributed mission-critical
servers at data centers worldwide.
“Lantronix OOB allowed the IT teams to access and manage servers
that are on the SWIFT network while ensuring compliance with strict
security standards,” said Jacques Issa, VP of Marketing for
Lantronix. “A key part of this solution includes encrypted access
to remote servers with detailed logging, monitoring, and
reporting.”
By 2025, Gartner predicts 75% of enterprise-generated data will
be created and processed outside a traditional data center or
cloud. As the move to Edge computing accelerates, data centers are
getting decentralized and OOB management helps improve Enterprise
network resiliency as well as uptime while keeping IT costs low and
streamlining security processes. The Edge Computing Market size is
estimated at USD 15.59 billion in 2024 and is expected to reach USD
32.19 billion by 2029, growing at a CAGR of 15.60% during the
forecast period (2024-2029). Source:
https://www.mordorintelligence.com/industry-reports/edge-computing-market
New Case Study: Leading U.S. Bank
As one of the world’s pre-eminent financial services companies,
this large global bank serves hundreds of millions of customers.
Its complex IT infrastructure includes highly distributed
mission-critical servers at data centers worldwide. For more than
18 years and more than three product generations, this institution
has chosen Lantronix’s advanced OOB hardware and software solutions
for secure automation of its critical banking infrastructure.
Lantronix’s solutions deliver the reliability, security and
flexibility required to protect sensitive data as well as
facilitate audit compliance.
Success Highlights:
- Encrypted management access to remote servers, both in- and
out-of-band
- Granular, role-based permissioning with port- and command-level
authorization controls
- Logging and compliance reporting of all user interactions,
keystrokes and changes
- Secure session management, including proper termination of user
sessions
- Centralized management through Lantronix’s Control Center
- Operational with key networks, including the SWIFT Banking
System
- 24/7 network support, collaboration on strategic deployment and
advanced rule creation
Solution: Lantronix LM83X Console Servers With Control
Center
With unique, dedicated Ethernet connections, Lantronix’s LM38X
console servers are used to connect to baseboard management
(lights-out) ports to enable primary functions, such as powering on
and off the servers. This connection is isolated, allowing no
access to these ports except through Lantronix by admins who have
logged in using multifactor authentication and have appropriate
rights to access the ports, all while logging the session for
audit. Virtual ports allow server guests OS access available only
to the LM83X IP address. The console servers are managed by
Lantronix Control Center, which provides a centralized point of
control. The bank utilizes Lantronix’s Level Technical Services for
trusted 24/7 tech support and collaboration.
For more information and to read the use case, please visit
Lantronix’s financial services case study here.
About Lantronix
Lantronix Inc. is a global provider 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 achieve success 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 media alert contains forward-looking
statements within the meaning of federal securities laws, including
without limitation statements related to the reliability, security
and flexibility of our solutions, technologies and products,
including the Out-of-Band product and related services and their
deployment and ability to enhance secure automation of critical
banking data center and branch infrastructure, help ensure
operability with the Swift banking system, and provide necessary
technical support services. 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
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or other outbreaks, wars and recent tensions in Europe, Asia and
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ability to successfully implement our acquisitions strategy or
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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 Dec. 31,
2023, filed with the SEC on Feb. 8, 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.
© 2024 Lantronix, Inc. All rights reserved. Lantronix is a
registered trademark. Other trademarks and trade names are those of
their respective owners.
Lantronix Media
Contact: Gail
Kathryn MillerCorporate Marketing &Communications
Managermedia@lantronix.com949-212-0960
Lantronix Analyst and Investor
Contact: Jeremy
WhitakerChief Financial Officerinvestors@lantronix.com
949-450-7241
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