Lantronix, Inc. (NASDAQ: LTRX) sustained its upward trajectory in the post-market session, marking a notable increase of 4.73% to reach $3.32. This surge in Lantronix stock followed a 2.92% uptick during the regular trading hours, closing at $3.17. The surge in LTRX stock value was precipitated by the release of a case study showcasing the efficacy of the company’s solution.
In a recent publication, Lantronix (LTRX) detailed a case study centered on the implementation of its Out-of-Band (OOB) solutions and accompanying Level Technical Services by a prominent financial institution. This global entity boasts a sophisticated IT infrastructure featuring extensively dispersed mission-critical servers across data centers worldwide.
Lantronix OOB technology enabled the IT teams to remotely access and manage servers connected to the SWIFT network while adhering to rigorous security protocols. A pivotal aspect of this solution is its provision for encrypted access to remote servers, coupled with comprehensive logging, monitoring, and reporting functionalities.
A recent case study featuring a leading US bank disclosed that as one of the premier financial services institutions globally, this entity caters to millions of customers. Its intricate IT infrastructure encompasses mission-critical servers distributed across data centers worldwide.
For over 18 years and spanning three product generations, this institution has opted for Lantronix’s cutting-edge OOB hardware and software solutions to securely automate its critical banking infrastructure. Lantronix’s solutions offer the requisite reliability, security, and flexibility essential for safeguarding sensitive data and ensuring compliance with auditing standards.
Lantronix underscored the achievements of its solution, which encompass encrypted management access to remote servers both in- and out-of-band, granular role-based permissioning with port- and command-level authorization controls, and comprehensive logging and compliance reporting of all user interactions, keystrokes, and alterations.
Additionally, the solution provides secure session management, including the proper termination of user sessions, centralized management via Lantronix’s Control Center, and interoperability with crucial networks such as the SWIFT Banking System. The provision of round-the-clock network support, collaborative strategic deployment, and advanced rule creation further underscore the efficacy of Lantronix’s offerings.