Digi International Explained

Digi International, Inc.
Type:Public
Traded As:NASDAQ:
S&P 600 component
Location City:Hopkins, Minnesota
Location Country:United States
Locations:United States, Canada, Australia, Germany, Spain, UK, Singapore, China, Japan
Industry:Industrial Internet of Things (IIoT)
Revenue: US$444.8 million (2023) US$388.2 million (2022)[1]
Num Employees:550

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.

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

Notes and References

  1. Web site: Digi Financial Statements 2009-2024 DGII . 2024-07-24 . www.macrotrends.net.
  2. Web site: 2021-11-04 . Digi International Inks $347M Deal to Buy Networking Services Firm . 2024-08-05 . Twin Cities Business . en-US.
  3. Web site: Digi Int'l Settles Patent Infringement Lawsuit With U.S. Ethernet Innovations . 2024-07-24 . RTTNews . en-US.
  4. Web site: Ojea . Sabela . 2024-05-08 . Digi International Wins Patent Case Brought by Airgain's NimbeLink . live . 2024-07-24 . sinopolywatch.com.
  5. Web site: Digi International, Inc. - Company Snapshot . Alacra . July 12, 2012.
  6. Web site: Digi International Announces Acquisition of Inside Out Networks, Inc.. 2000-09-27. 2023-01-29. 2000-11-17. https://web.archive.org/web/20001117110400/http://www.ionetworks.com/press/digi.html. bot: unknown.
  7. Web site: Digi purchases Rabbit Semiconductor for $49 million. 2005-06-07. Control Engineering. en-US. 2020-05-14.
  8. Web site: Digi International Acquires FS Forth-Systeme Mergr. mergr.com. 2020-05-14.
  9. Web site: Digi buys FS Forth-Systeme, Sistemas Embebidos for $4.4 million. 2005-04-07. Control Engineering. en-US. 2020-05-14.
  10. Book: Plunkett's Companion to the Almanac of American Employers 2009: Mid-Size Firms. Plunkett Research, Ltd.. 2009. 978-1593921262. Plunkett. Jack W..
  11. Web site: Digi Acquires European Wireless Router Leader Sarian Systems. Global Security Mag Online. en. 2020-05-14.
  12. Web site: Internet of things company Multi-Tech Systems names new CEO. Grayson. Katharine. 4 November 2013. www.bizjournals.com. 2020-05-14.
  13. Digi International Enters Satellite M2M Market with Acquisition of MobiApps Assets . June 8, 2009 . July 12, 2012 . dead . https://web.archive.org/web/20110722014408/http://www.digi.com/news/pressrelease.jsp?prid=600 . July 22, 2011 .
  14. Digi International Acquires Etherios, a Leading Cloud Computing Services Provider . November 1, 2012 . February 28, 2013 . https://web.archive.org/web/20130301160144/http://www.digi.com/news/pressrelease?prid=836 . March 1, 2013 . dead .
  15. Web site: Innovates . Dallas . Edwards . Alex . 2021-03-31 . Dallas-Based IoT Startup Haxiot Acquired by Digi International . 2023-08-08 . Dallas Innovates . en-US.
  16. Web site: Synergies Abound in Digi’s Acquisition of Ventus . 2024-07-24 . www.vdcresearch.com.