{"id":380552,"date":"2020-11-12T20:04:13","date_gmt":"2020-11-13T01:04:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380552"},"modified":"2020-11-12T20:04:13","modified_gmt":"2020-11-13T01:04:13","slug":"zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/","title":{"rendered":"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <em>Combination leverages Zoom\u2019s cable modem and WiFi hardware leadership, operated under a Motorola brand license, with Minim\u2019s innovative software, bringing intelligent connectivity to businesses and consumers as part of the $355.1 billion global broadband services market<\/em>\u00a0<\/p>\n<p align=\"start\">BOSTON, MASS., Nov.  12, 2020  (GLOBE NEWSWIRE) &#8212; via <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sTVMm-4ip4t6LsNWyPQQ5b-XMacI-9AFDZLkehWzSoWegsQRbz1AwqDhofYKmo-J5atY5T5IL1Foik4gPvCkwkhJ8eoel9rUu7VGhx3gxUw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>NewMediaWire<\/u><\/a> &#8212; Zoom Telephonics, Inc. (\u201cZoom\u201d) (OTCQB: ZMTP), a leading creator of cable modems and other Internet access products under the Motorola brand, today announced the signing of a definitive merger agreement pursuant to which Zoom will acquire Minim Inc. (\u201cMinim\u201d), a leading AI-driven WiFi management and IoT security platform for homes, SMBs, and broadband service providers.<\/p>\n<p>Under the terms of the agreement, the two companies will merge in a non-cash, stock transaction valuing Minim at $30 million. The percentage of Zoom shares issued to Minim stockholders will be based on a reference to a weighted average price of Zoom stock as of November 10, 2020 and as negotiated by the parties.<\/p>\n<p align=\"start\">The Minim\u00ae platform offers a turn-key WiFi management solution for ISPs to reduce support costs and increase revenue with digitally-transformed support and value-added services. Its usable web and mobile apps, built on proprietary IoT fingerprinting technology, also empower distributed businesses to secure and manage the new corporate edge (the remote employee home). Already integrated with 5G-enabled hardware and offering a full API suite, the Minim platform has been designed for ultra-extensibility as wireless technology advances.<\/p>\n<p align=\"start\">The combined company will benefit from a management team with experience in scaling technology companies, led by Jeremy Hitchcock, Zoom\u2019s Executive Chairperson and largest stockholder and Chairman and largest stockholder of Minim, and Minim CEO Gray Chynoweth, who together drove the global expansion of Dyn through to its successful acquisition by Oracle.<\/p>\n<p align=\"start\">\u201cThe consumer networking space has a profound need for security and network management, especially given the rise of remote working and smart home devices,\u201d said Jeremy Hitchcock. \u201cBy integrating our collective IP and product development roadmap, we are offering greater performance, innovation, and price with a globally-recognized technology brand. We\u2019re very excited about the opportunities this business combination makes possible for us in addressing a multi-billion dollar global market.\u201d<\/p>\n<p align=\"start\">The merger combines Minim\u2019s B2B sales channels with Zoom\u2019s retail channels. Minim\u2019s sales channels include more than 120 ISPs and their 2.35M+ subscribers and business technology resellers.\u00a0 Zoom\u2019s D2C channels include leading retailers such as Amazon, Best Buy, Target and Walmart. The combined company will also leverage Minim\u2019s established partner relations with the Microsoft Airband Initiative, a program designed to close the digital divide; Irdeto, the globally-leading security provider to operators; and Telarus, the largest privately-held IT product distributor in the U.S.<\/p>\n<p align=\"start\">\u201cThe combined company\u2019s end-to-end product expertise, industry relationships, and subscription service model\u00a0is expected to\u00a0dramatically accelerate our ability to drive value for our customers and return for our shareholders,\u201d said Minim CEO Gray Chynoweth. \u201cThis is a proven team with a clear strategy to address a large and rapidly-growing market and the ability to execute at a time when secure home connectivity has never been more important.\u201d\u00a0<\/p>\n<p align=\"start\">The merger agreement and the merger\u00a0were\u00a0unanimously\u00a0approved\u00a0by a special committee of independent members of Zoom\u2019s board of directors that oversaw, reviewed and evaluated the transaction, and thereafter unanimously approved by Zoom\u2019s board of directors.\u00a0 Minim\u2019s board of directors also approved the merger agreement and the merger. The transaction is expected to close by the end of 2020\u00a0and is subject to customary closing conditions.<\/p>\n<p align=\"start\">B. Riley Securities, Inc. served as financial advisor, and Richards, Layton &amp; Finger PA served as legal counsel, to the\u00a0special committee of independent directors of Zoom, while\u00a0Nixon Peabody LLP\u00a0served\u00a0as legal counsel to Zoom on the transaction.\u00a0Goodwin Procter LLP acted as legal counsel to Minim.\u00a0<\/p>\n<p align=\"start\">Investors are directed to Zoom\u2019s filings with the Securities and Exchange Commission at http:\/\/www.sec.gov for additional information concerning the merger and merger agreement.<\/p>\n<p align=\"start\">\n        <u>About Zoom<\/u>\n      <\/p>\n<p align=\"start\">Zoom Telephonics, Inc. (OTCQB: ZMTP) is the creator of innovative Internet access products that dependably connect people to the information they need and the people they love. Founded in 1977 in Boston, MA, the company now delivers cable modems, routers, and other communications products under the globally recognized Motorola brand. For more information about Zoom and its products, please visit www.zoom.net and www.motorolanetwork.com.<\/p>\n<p align=\"start\">MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.<\/p>\n<p align=\"start\">\n        <u>About Minim<\/u>\n      <\/p>\n<p align=\"start\">Minim\u00ae is a cloud WiFi management platform that enables and secures a better-connected home. The company\u2019s award-winning subscription services provide usable and intuitive applications integrated with best-in-class hardware. Minim customers benefit from a personalized and secure WiFi experience, leading to happy and productive homes where things just work. The company\u2019s self-learning platform employs proprietary fingerprinting and behavioral models to detect threats and performance issues without compromising privacy. Minim is now partnering with ISPs, managed service providers, and distributed businesses who want to help make home connectivity as safe and reliable as drinking water. To learn more, visit https:\/\/www.minim.co.<\/p>\n<p align=\"start\">\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p align=\"start\">This release contains forward-looking information relating to Zoom\u2019s plans, expectations, and intentions, including statements about the expected timing, completion and effects of the merger with Minim (the \u201cMinim Acquisition\u201d). Actual results may be materially different from expectations as a result of known and unknown risks, including:\u00a0the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement for the Minim Acquisition, risks associated with Zoom\u2019s potential inability to realize intended benefits of the Minim Acquisition,\u00a0the potential increase in tariffs on the Company&#8217;s imports; potential difficulties and supply interruptions from moving the manufacturing of most of the Company\u2019s products to Vietnam; potential changes in NAFTA; the potential need for additional funding which Zoom may be unable to obtain; declining demand for certain of Zoom\u2019s products; delays, unanticipated costs, interruptions or other uncertainties associated with Zoom\u2019s production and shipping; Zoom\u2019s reliance on several key outsourcing partners; uncertainty of key customers\u2019 plans and orders; risks relating to product certifications; Zoom\u2019s dependence on key employees; uncertainty of new product development, including certification and overall project delays, budget overruns, and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent related matters; and other risks set forth in Zoom\u2019s filings with the Securities and Exchange Commission. Zoom cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Zoom\u2019s expectations or any change in events, conditions or circumstance on which any such statement is based.<\/p>\n<p align=\"start\">\n        <strong>Investor Relations Contact:<\/strong>\n      <\/p>\n<p align=\"start\">Jacquelyn Barry Hamilton, CFO Zoom Telephonics, Inc.<\/p>\n<p align=\"start\">Phone: 617-753-0040<\/p>\n<p align=\"start\">Email:\u00a0Investor@zoom.net<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTQ4MiMzODI1NjUwIzUwMDA1MDM1MQ==\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Combination leverages Zoom\u2019s cable modem and WiFi hardware leadership, operated under a Motorola brand license, with Minim\u2019s innovative software, bringing intelligent connectivity to businesses and consumers as part of the $355.1 billion global broadband services market\u00a0 BOSTON, MASS., Nov. 12, 2020 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Zoom Telephonics, Inc. (\u201cZoom\u201d) (OTCQB: ZMTP), a leading creator of cable modems and other Internet access products under the Motorola brand, today announced the signing of a definitive merger agreement pursuant to which Zoom will acquire Minim Inc. (\u201cMinim\u201d), a leading AI-driven WiFi management and IoT security platform for homes, SMBs, and broadband service providers. Under the terms of the agreement, the two companies will merge in a non-cash, stock transaction valuing Minim &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380552","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Combination leverages Zoom\u2019s cable modem and WiFi hardware leadership, operated under a Motorola brand license, with Minim\u2019s innovative software, bringing intelligent connectivity to businesses and consumers as part of the $355.1 billion global broadband services market\u00a0 BOSTON, MASS., Nov. 12, 2020 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Zoom Telephonics, Inc. (\u201cZoom\u201d) (OTCQB: ZMTP), a leading creator of cable modems and other Internet access products under the Motorola brand, today announced the signing of a definitive merger agreement pursuant to which Zoom will acquire Minim Inc. (\u201cMinim\u201d), a leading AI-driven WiFi management and IoT security platform for homes, SMBs, and broadband service providers. Under the terms of the agreement, the two companies will merge in a non-cash, stock transaction valuing Minim &hellip; Continue reading &quot;Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T01:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTQ4MiMzODI1NjUwIzUwMDA1MDM1MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software\",\"datePublished\":\"2020-11-13T01:04:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\\\/\"},\"wordCount\":1178,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NTQ4MiMzODI1NjUwIzUwMDA1MDM1MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\\\/\",\"name\":\"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software - 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(\u201cZoom\u201d) (OTCQB: ZMTP), a leading creator of cable modems and other Internet access products under the Motorola brand, today announced the signing of a definitive merger agreement pursuant to which Zoom will acquire Minim Inc. (\u201cMinim\u201d), a leading AI-driven WiFi management and IoT security platform for homes, SMBs, and broadband service providers. Under the terms of the agreement, the two companies will merge in a non-cash, stock transaction valuing Minim &hellip; Continue reading \"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-13T01:04:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTQ4MiMzODI1NjUwIzUwMDA1MDM1MQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software","datePublished":"2020-11-13T01:04:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/"},"wordCount":1178,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTQ4MiMzODI1NjUwIzUwMDA1MDM1MQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/zoom-telephonics-and-minim-to-merge-combining-connectivity-hardware-with-ai-driven-cloud-software\/","name":"Zoom Telephonics and Minim to Merge, Combining Connectivity Hardware With AI-Driven Cloud Software - 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