Digi International

Digi International, Inc.
Company typePublic
Nasdaq: DGII
S&P 600 component
IndustryIndustrial Internet of Things (IIoT)
Founded1985; 39 years ago (1985)
Headquarters
Hopkins, Minnesota
,
United States
Number of locations
United States, Canada, Australia, Germany, Spain, UK, Singapore, China, Japan
RevenueIncrease US$444.8 million (2023) Increase US$388.2 million (2022)[1]
Number of employees
550
Websitedigi.com

Digi International, Inc. is an American Industrial Internet of Things (IIoT) technology company based in Hopkins, Minnesota.

History

The company was founded in 1985,[2] and went public as Digi International in 1989.

The company initially offered intelligent ISA/PCI boards (the 'DigiBoard') with multiple asynchronous serial interfaces for PCs.[2]

Today, multiport serial boards are still sold, but the company focuses on embedded and external network (wired and wireless) communications, scalable USB products, radio modems and embedded modules based on LTE (4G) communications platforms.

Patents

Digi International settled a patent infringement lawsuit with U.S. Ethernet Innovations LLC for $1.525 million in April 2013.[3]

In 2022, NimbeLink, a subsidiary of Airgain, filed a lawsuit alleging certain Digi products infringed on NimbeLink's Skywire cellular modems. The U.S. District Court for the District of Minnesota found all patent claims by Nimbelink to be invalid in May 2024.[4]

Acquisitions

  • 1991: Arnet Corp[5]
  • 1993: Stargate and Milan Technologies
  • 1995: Lan Access
  • 1997: Aetherworks
  • 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.[6] The Inside Out brand was phased out in 2006.[citation needed]
  • 2001: French company Decision Europe, including the Xcell Technology brand.[citation needed]
  • 2002: Net Silicon, fabless manufacturer of ARM-based microprocessors.[7][8]
  • 2003: Embrace Networks[citation needed]
  • 2005: Rabbit Semiconductor, a manufacturer of Z180 based silicon, embedded modules and single-board computers.[9] In the same year, the company acquired processor module manufacturers FS Forth-Systeme GmbH of Breisach, Germany,[10] and Logroño, Spain-based Sistemas Embebidos S.A.[11]
  • 2006: Wireless technology company MaxStream, for $38.8M.[12][13]
  • 2008: Cellular router manufacturer Sarian Systems Ltd. for $30.5 million.[14][15] In the same year, the company also acquired wireless technology design services company Spectrum Design Solutions Inc.[16]
  • 2009: Mobiapps, fabless manufacturer of satellite modems on the Orbcomm satellite network.[17]
  • 2012: Cloud computing services provider Etherios.[18]
  • 2015 Digi acquired Bluenica, Toronto-based company focused on temperature monitoring of perishable goods in the food industry.[19]
  • 2016 Digi acquired FreshTemps, temperature monitoring and task management for the food industry.[20]
  • 2017 Digi acquired SMART Temps, LLC, a provider of real-time food service temperature management for restaurant, grocery, education and hospital settings as well as real-time temperature management for healthcare.[21]
  • 2017 Digi acquired TempAlert, a provider of temperature and task management for retail pharmacy, food service, and industrial applications.[22]
  • 2018 Digi acquired Accelerated Concepts, a provider of secure, enterprise-grade, cellular (LTE) networking equipment for primary and backup connectivity.[23]
  • 2019 Digi acquired Opengear.[24]
  • 2021 Digi acquired Haxiot, a provider of wireless connection services.[25]
  • 2021 Digi acquired Ctek, a company specializing in remote monitoring and industrial controls.[26]
  • 2021 Digi acquired Ventus Holdings.[27]

References

  1. ^ "Digi Financial Statements 2009-2024 | DGII". www.macrotrends.net. Retrieved 2024-07-24.
  2. ^ a b "Digi International Inks $347M Deal to Buy Networking Services Firm". Twin Cities Business. 2021-11-04. Retrieved 2024-08-05.
  3. ^ "Digi Int'l Settles Patent Infringement Lawsuit With U.S. Ethernet Innovations". RTTNews. Retrieved 2024-07-24.
  4. ^ Ojea, Sabela (2024-05-08). "Digi International Wins Patent Case Brought by Airgain's NimbeLink". sinopolywatch.com. Retrieved 2024-07-24.
  5. ^ "Digi International, Inc. - Company Snapshot". Alacra. Retrieved July 12, 2012.
  6. ^ "Digi International Announces Acquisition of Inside Out Networks, Inc". 2000-09-27. Archived from the original on 2000-11-17. Retrieved 2023-01-29.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  7. ^ "Digi International buys NetSilicon for $50 million to enter embedded chip market". EE Times. 30 October 2001. Retrieved 16 October 2024.
  8. ^ "Digi International Deal". The New York Times. 31 October 2001. Retrieved 12 November 2024.
  9. ^ "Digi purchases Rabbit Semiconductor for $49 million". Control Engineering. 2005-06-07. Retrieved 2020-05-14.
  10. ^ "Digi International Acquires FS Forth-Systeme | Mergr". mergr.com. Retrieved 2020-05-14.
  11. ^ "Digi buys FS Forth-Systeme, Sistemas Embebidos for $4.4 million". Control Engineering. 2005-04-07. Retrieved 2020-05-14.
  12. ^ MaxStream Acquired By Digi International In $38.5 Million Deal, Wireless Design Online, 2006, retrieved July 12, 2012
  13. ^ "Digi Acquires Wireless Leader MaxStream". Fierce Electronics. 28 July 2006. Retrieved 12 November 2024.
  14. ^ Plunkett, Jack W., ed. (2009). Plunkett's Companion to the Almanac of American Employers 2009: Mid-Size Firms. Plunkett Research, Ltd. ISBN 978-1593921262.
  15. ^ "Digi Acquires European Wireless Router Leader Sarian Systems". Global Security Mag Online. Retrieved 2020-05-14.
  16. ^ Grayson, Katharine (4 November 2013). "Internet of things company Multi-Tech Systems names new CEO". www.bizjournals.com. Retrieved 2020-05-14.
  17. ^ "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.
  18. ^ "Digi International Acquires Etherios, a Leading Cloud Computing Services Provider" (Press release). November 1, 2012. Archived from the original on March 1, 2013. Retrieved February 28, 2013.
  19. ^ "Digi International acquires IoT solutions provider | 2015-10-06 | Refrigerated Frozen Food | Refrigerated & Frozen Foods". www.refrigeratedfrozenfood.com. Retrieved 2024-10-16.
  20. ^ Whitworth, Joseph James (11 November 2016). "Digi International acquires FreshTemp and partners with Telus". foodnavigator.com. Retrieved 2024-09-19.
  21. ^ "Digi International Acquires SMART Temps". Fierce Electronics. 11 January 2017. Retrieved 2 October 2024.
  22. ^ "Digi International acquires TempAlert". IOT Now. 26 October 2017. Retrieved 28 October 2024.
  23. ^ "Digi International Acquires Accelerated Concepts, Inc". markets.businessinsider.com. 2024-08-08. Retrieved 2024-09-19.
  24. ^ "Digi International to Acquire New Jersey IT Company for $140M". Twin Cities Business. 2019-11-08. Retrieved 2024-09-19.
  25. ^ Innovates, Dallas; Edwards, Alex (2021-03-31). "Dallas-Based IoT Startup Haxiot Acquired by Digi International". Dallas Innovates. Retrieved 2023-08-08.
  26. ^ "Digi International To Acquire Ctek For Undisclosed Terms". Yahoo Finance. 2021-07-06. Retrieved 2024-10-02.
  27. ^ "Synergies Abound in Digi's Acquisition of Ventus". www.vdcresearch.com. Retrieved 2024-07-24.