Digi International
| Company type | Public |
|---|---|
Traded as | Nasdaq: DGII S&P 600 component |
| Industry | Industrial Internet of Things (IIoT) |
| Founded | 1985; 39 years ago (1985) |
| Headquarters | Hopkins, Minnesota , United States |
Number of locations | United States, Canada, Australia, Germany, Spain, UK, Singapore, China, Japan |
| Revenue |  US$444.8 million (2023) US$388.2 million (2022)[1] |
Number of employees | 550 |
| Website | digi |
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]
- 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.
- 2002: Net Silicon, fabless manufacturer of ARM-based microprocessors.
- 2003: Embrace Networks
- 2005: Rabbit Semiconductor, a manufacturer of Z180 based silicon, embedded modules and single-board computers.[7] Also acquired processor module manufacturers FS Forth-Systeme GmbH of Breisach, Germany,[8] and Logroño, Spain-based Sistemas Embebidos S.A.[9]
- 2006: Wireless technology company MaxStream, for $38.8M.[10]
- 2008: Cellular router manufacturer Sarian Systems Ltd. for $30.5 million.[11][12]Also acquired wireless technology design services company Spectrum Design Solutions Inc.[13]
- 2009: Mobiapps, fabless manufacturer of satellite modems on the Orbcomm satellite network.[14]
- 2012: Cloud computing services provider Etherios.[15]
- 2015 Digi acquired Bluenica, Toronto-based company focused on temperature monitoring of perishable goods in the food industry.
- 2016 Digi acquired FreshTemps, temperature monitoring and task management for the food industry.
- 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.
- 2017 Digi acquired TempAlert, a provider of temperature and task management for retail pharmacy, food service, and industrial applications.
- 2018 Digi acquired Accelerated Concepts, a provider of secure, enterprise-grade, cellular (LTE) networking equipment for primary and backup connectivity.
- 2019 Digi acquired Opengear.
- 2021 Digi acquired Haxiot, a provider of wireless connection services.[16]
- 2021 Digi acquired Ctek, a company specializing in remote monitoring and industrial controls.
- 2021 Digi acquired Ventus Holdings.[17]
References
- ^ "Digi Financial Statements 2009-2024 | DGII". www.macrotrends.net. Retrieved 2024-07-24.
- ^ a b "Digi International Inks $347M Deal to Buy Networking Services Firm". Twin Cities Business. 2021-11-04. Retrieved 2024-08-05.
- ^ "Digi Int'l Settles Patent Infringement Lawsuit With U.S. Ethernet Innovations". RTTNews. Retrieved 2024-07-24.
- ^ Ojea, Sabela (2024-05-08). "Digi International Wins Patent Case Brought by Airgain's NimbeLink". sinopolywatch.com. Retrieved 2024-07-24.
{{cite web}}: CS1 maint: url-status (link) - ^ "Digi International, Inc. - Company Snapshot". Alacra. Retrieved July 12, 2012.
- ^ "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) - ^ "Digi purchases Rabbit Semiconductor for $49 million". Control Engineering. 2005-06-07. Retrieved 2020-05-14.
- ^ "Digi International Acquires FS Forth-Systeme | Mergr". mergr.com. Retrieved 2020-05-14.
- ^ "Digi buys FS Forth-Systeme, Sistemas Embebidos for $4.4 million". Control Engineering. 2005-04-07. Retrieved 2020-05-14.
- ^ MaxStream Acquired By Digi International In $38.5 Million Deal, Wireless Design Online, 2006, retrieved July 12, 2012
- ^ Plunkett, Jack W., ed. (2009). Plunkett's Companion to the Almanac of American Employers 2009: Mid-Size Firms. Plunkett Research, Ltd. ISBN 978-1593921262.
- ^ "Digi Acquires European Wireless Router Leader Sarian Systems". Global Security Mag Online. Retrieved 2020-05-14.
- ^ Grayson, Katharine (4 November 2013). "Internet of things company Multi-Tech Systems names new CEO". www.bizjournals.com. Retrieved 2020-05-14.
- ^ "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.
- ^ "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.
- ^ Innovates, Dallas; Edwards, Alex (2021-03-31). "Dallas-Based IoT Startup Haxiot Acquired by Digi International". Dallas Innovates. Retrieved 2023-08-08.
- ^ "Synergies Abound in Digi's Acquisition of Ventus". www.vdcresearch.com. Retrieved 2024-07-24.
