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

• 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.
• 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.
• 2008: Cellular router manufacturer Sarian Systems Ltd. for $30.5 million.^{[10] [11]} Also acquired wireless technology design services company Spectrum Design Solutions Inc.^[12]
• 2009: Mobiapps, fabless manufacturer of satellite modems on the Orbcomm satellite network.^[13]
• 2012: Cloud computing services provider Etherios.^[14]
• 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.^[15]
• 2021 Digi acquired Ctek, a company specializing in remote monitoring and industrial controls.
• 2021 Digi acquired Ventus Holdings.^[16]

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.