Company:Digi International

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Digi International, Inc.
TypePublic
NASDAQ: DGII
S&P 600 component
IndustryIndustrial Internet of Things (IIoT)
Founded1985; 41 years ago (1985)
Headquarters
Hopkins, Minnesota
,
United States
Number of locations
United States, Canada, Australia, Germany, Spain, UK, Singapore, China, Japan
RevenueDecrease US$424 million (2024) [1]
Number of employees
550
Websitedigi.com

Digi International, Inc. is an American Industrial Internet of Things (IIoT) technology company based in Hopkins, Minnesota.[2] Founded in 1985, they were best known in the early 1990s as a manufacturer of multi-line serial data serial cards for PC clones, allowing these machines to run multi-line bulletin board systems (BBSes). As this market began to wind down with the rise of the internet in the late 1990s, Digi began to concentrate on network attached devices and industrial monitoring.

History

The company was founded in 1985[3] and went public as Digi International in 1989.[4]

The company initially offered intelligent ISA/PCI boards (the 'DigiBoard') with multiple asynchronous serial interfaces for PCs.[3]

Patents

Digi International settled a patent infringement lawsuit with U.S. Ethernet Innovations LLC for $1.525 million in April 2013.[5]

In 2022, NimbeLink, a subsidiary of Airgain, filed a lawsuit alleging certain Digi products infringed on NimbeLink's Skywire cellular modems.[6] The U.S. District Court for the District of Minnesota found all patent claims by Nimbelink to be invalid in May 2024.[7][6]

Acquisitions

  • 1991: Arnet Corp[8]
  • 1998: Illinois-based Central Data Corp and German-based open systems provider ITK International Inc.
  • 2000: Inside Out Networks, a USB connectivity manufacturer in Austin, Texas.[9] The Inside Out brand was phased out in 2006. *2002: Net Silicon, fabless manufacturer of ARM-based microprocessors.[10][11]
  • 2005: Rabbit Semiconductor, a manufacturer of Z180 based silicon, embedded modules and single-board computers.[12] In the same year, the company acquired processor module manufacturers FS Forth-Systeme GmbH of Breisach, Germany,[13] and Logroño, Spain-based Sistemas Embebidos S.A.[14]
  • 2006: Wireless technology company MaxStream, for $38.8M.[15][16]
  • 2008: Cellular router manufacturer Sarian Systems Ltd. for $30.5 million.[17][18] In the same year, Digi also acquired wireless technology design services company Spectrum Design Solutions Inc.[19]
  • 2009: Mobiapps, fabless manufacturer of satellite modems on the Orbcomm satellite network.[20]
  • 2012: Cloud computing services provider Etherios.[21]
  • 2015: Toronto-based temperature monitoring company Bluenica.[22]
  • 2016: Digi acquired FreshTemps, temperature monitoring and task management for the food industry.[23]
  • 2017: Digi acquired SMART Temps and TempAlert, two temperature and task management providers for retail, education, food service, healthcare, and industrial applications.[24][25]
  • 2018: Network equipment company Accelerated Concepts.[26]
  • 2019: Opengear.[27]
  • 2021: Digi acquired Haxiot, a provider of wireless connection services.[28]
  • 2021: Digi acquired Ctek, a company specializing in remote monitoring and industrial controls.[29]
  • 2021: Digi acquired Ventus Holdings.[30]

References

  1. ↑ "Digi Revenue 2010-2025 | DGII". https://www.macrotrends.net/stocks/charts/DGII/digi/revenue. 
  2. ↑ Williams, Nick (2021-11-03). "Hopkins-based Digi International makes $347M acquisition to bolster IoT business" (in en). https://www.startribune.com/hopkins-based-digi-international-makes-347m-acquisition-to-bolster-iot-business/600112705. 
  3. ↑ 3.0 3.1 "Digi International Inks $347M Deal to Buy Networking Services Firm" (in en-US). 2021-11-04. https://tcbmag.com/digi-international-inks-347m-deal-to-buy-networking-services-firm/. 
  4. ↑ Krause, Reinhardt (9 December 2022). "How Digi International Used Acquisitions To Become A Player In The Internet Of Things". https://www.investors.com/research/the-new-america/dgii-stock-how-digi-became-a-player-in-internet-of-things/. 
  5. ↑ "Digi Int'l Settles Patent Infringement Lawsuit With U.S. Ethernet Innovations" (in en-US). https://www.rttnews.com/2098489/digi-int-l-settles-patent-infringement-lawsuit-with-u-s-ethernet-innovations.aspx. 
  6. ↑ 6.0 6.1 "Digi International Prevails in Patent Infringement Case". 7 May 2024. https://financialpost.com/pmn/business-wire-news-releases-pmn/digi-international-prevails-in-patent-infringement-case. 
  7. ↑ Ojea, Sabela (2024-05-08). "Digi International Wins Patent Case Brought by Airgain's NimbeLink". http://sinopolywatch.com/newDetail/f7739390c38295620049d9f047607168/Dow%20Jones%20Newswires. 
  8. ↑ "Digi International, Inc. - Company Snapshot". Alacra. http://www.alacrastore.com/company-snapshot/Digi_International_Inc-1025742. 
  9. ↑ "Inside Out being acquired for $15M". 27 September 2000. https://www.bizjournals.com/austin/stories/2000/09/25/daily18.html. 
  10. ↑ "Digi International buys NetSilicon for $50 million to enter embedded chip market". 30 October 2001. https://www.eetimes.com/digi-international-buys-netsilicon-for-50-million-to-enter-embedded-chip-market/. 
  11. ↑ "Digi International Deal". The New York Times. 31 October 2001. https://www.nytimes.com/2001/10/31/business/digi-international-deal.html. 
  12. ↑ "Digi purchases Rabbit Semiconductor for $49 million" (in en-US). 2005-06-07. https://www.controleng.com/articles/digi-purchases-rabbit-semiconductor-for-49-million/. 
  13. ↑ "Digi International Acquires FS Forth-Systeme | Mergr". https://mergr.com/digi-international-acquires-fs-forth-systeme. 
  14. ↑ "Digi buys FS Forth-Systeme, Sistemas Embebidos for $4.4 million" (in en-US). 2005-04-07. https://www.controleng.com/articles/digi-buys-fs-forth-systeme-sistemas-embebidos-for-4-4-million/. 
  15. ↑ MaxStream Acquired By Digi International In $38.5 Million Deal, Wireless Design Online, 2006, http://www.wirelessdesignonline.com/article.mvc/MaxStream-Acquired-By-Digi-International-In-3-0001, retrieved July 12, 2012 
  16. ↑ "Digi Acquires Wireless Leader MaxStream". 28 July 2006. https://www.fierceelectronics.com/components/digi-acquires-wireless-leader-maxstream. 
  17. ↑ Plunkett, Jack W., ed (2009). Plunkett's Companion to the Almanac of American Employers 2009: Mid-Size Firms. Plunkett Research, Ltd.. ISBN 978-1593921262. 
  18. ↑ "Digi Acquires European Wireless Router Leader Sarian Systems" (in en). http://www.globalsecuritymag.com/Digi-Acquires-European-Wireless,20080506,2913.html. 
  19. ↑ Grayson, Katharine (4 November 2013). "Internet of things company Multi-Tech Systems names new CEO". https://www.bizjournals.com/twincities/blog/in_private/2013/11/internet-of-things-company-multi-tech.html. 
  20. ↑ "Digi International Enters Satellite M2M Market with Acquisition of MobiApps Assets" (Press release). June 8, 2009. Archived from the original on July 22, 2011. Retrieved July 12, 2012.
  21. ↑ "Digi completes Etherios acquisition" (in en-US). 2012-11-20. https://www.twincities.com/2012/11/20/digi-completes-etherios-acquisition/. 
  22. ↑ "Digi International acquires IoT solutions provider | 2015-10-06 | Refrigerated Frozen Food | Refrigerated & Frozen Foods" (in en). https://www.refrigeratedfrozenfood.com/articles/89905-digi-international-acquires-iot-solutions-provider. 
  23. ↑ Whitworth, Joseph James (11 November 2016). "Digi International acquires FreshTemp and partners with Telus" (in en-GB). https://www.foodnavigator.com/Article/2016/11/11/Digi-International-buys-temperature-monitoring-provider. 
  24. ↑ "Digi International Acquires SMART Temps". 11 January 2017. https://www.fierceelectronics.com/components/digi-international-acquires-smart-temps. 
  25. ↑ "Digi International acquires TempAlert". 26 October 2017. https://www.iot-now.com/2017/10/26/69818-digi-international-acquires-tempalert/. 
  26. ↑ "Digi International Acquires Accelerated Concepts, Inc." (in en). 2024-08-08. https://markets.businessinsider.com/news/stocks/digi-international-acquires-accelerated-concepts-inc-1013631091. 
  27. ↑ "Digi International to Acquire New Jersey IT Company for $140M" (in en-US). 2019-11-08. https://tcbmag.com/digi-international-to-acquire-new-jersey-it-company-for-140m/. 
  28. ↑ Innovates, Dallas; Edwards, Alex (2021-03-31). "Dallas-Based IoT Startup Haxiot Acquired by Digi International" (in en-US). https://dallasinnovates.com/dallas-based-iot-startup-haxiot-acquired-by-digi-international/. 
  29. ↑ "Digi International To Acquire Ctek For Undisclosed Terms" (in en-US). 2021-07-06. https://finance.yahoo.com/news/digi-international-acquire-ctek-undisclosed-183302753.html. 
  30. ↑ "Synergies Abound in Digi's Acquisition of Ventus". https://www.vdcresearch.com/News-events/iot-blog/Synergies-in-Digi-Ventus-Acquisition.html. 



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