Digi International

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Digi International, Inc.
Company type
Public
Nasdaq: DGII
S&P 600 component
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Headquarters
Hopkins, Minnesota
,
United States
Number of locations
United States, Canada, Australia, Germany, Spain, UK, Singapore, China, Japan
Key people
Ron Konezny (CEO)
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Websitedigi.com

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Digi International, Inc. is an American industrial Internet of things technology company based in Hopkins, Minnesota.[2] Founded in 1985, it was 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]

The company's current CEO and president, Ron Konezny, joined the company in December 2014.[5]

Patents

Digi International settled a patent infringement lawsuit with U.S. Ethernet Innovations LLC for $1.525 million in April 2013.[6]

In 2022, NimbeLink, a subsidiary of Airgain, filed a lawsuit alleging certain Digi products infringed on NimbeLink's Skywire cellular modems.[7] The U.S. District Court for the District of Minnesota found all patent claims by Nimbelink to be invalid in May 2024.[8][7]

Acquisitions

Since the early 1990s, Digi International has acquired numerous companies. In the 1990s, Digi acquired companies including Arnet Corp,[9] Stargate and Milan Technologies, Lan Access, Aetherworks, Centrall Data Corp, and German-based ITK International Inc.[citation needed]

In 2000, Digi acquired Texas-based USB connectivity manufacturer Inside Out Networks,[10] and phased the brand out in 2006.[citation needed] In 2002, the company acquired Net Silicon, a fabless manufacturer of ARM-based microprocessors.[11][12]

In 2005, Digi acquired Rabbit Semiconductor, a manufacturer of Z180 based silicon, embedded modules and single-board computers.[13] In the same year, the company acquired processor module manufacturers FS Forth-Systeme GmbH of Breisach, Germany,[14] and Logroño, Spain-based Sistemas Embebidos S.A.[15]

In 2006, the company acquired Wireless technology company MaxStream, for $38.8M.[16][17] Two years later, in 2008, Digi acquired Cellular router manufacturer Sarian Systems Ltd. for $30.5 million.[18][19] In the same year, Digi also acquired wireless technology design services company Spectrum Design Solutions Inc.[20]

In 2009, Digi acquired Mobiapps, a fabless manufacturer of satellite modems on the Orbcomm satellite network.[21]

In 2012, Digi acquired Cloud computing services provider Etherios.[22]

Digi acquired Toronto-based temperature monitoring company Bluenica in 2015.[23] A year later, in 2016, Digi acquired FreshTemps, temperature monitoring and task management for the food industry.[24]

In 2017, Digi acquired SMART Temps and TempAlert, two temperature and task management providers for retail, education, food service, healthcare, and industrial applications.[25][26] A year later, in 2018, Digi acquired Network equipment company Accelerated Concepts.[27]

Digi acquired Utah-based Opengear, a computer network technology company in 2019.[28]

In 2021, Digi acquired Haxiot, a provider of wireless connection services;[29] Ctek, a company specializing in remote monitoring and industrial controls;[30] and Ventus Holdings, a telecommunications company.[31]

In 2025, Digi acquired Jolt Software for $145.5 million.[32][33]

In 2026, Digi acquired Particle, an IoT hardware and software company.[34][35]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Digi Revenue 2010-2025 | DGII". www.macrotrends.net. Retrieved 2025-06-04.
  2. ^ Page Module:Citation/CS1/styles.css has no content.Williams, Nick (2021-11-03). "Hopkins-based Digi International makes $347M acquisition to bolster IoT business". www.startribune.com. Retrieved 2025-05-14.
  3. ^ a b Page Module:Citation/CS1/styles.css has no content."Digi International Inks $347M Deal to Buy Networking Services Firm". Twin Cities Business. 2021-11-04. Retrieved 2024-08-05.
  4. ^ Page Module:Citation/CS1/styles.css has no content.Krause, Reinhardt (9 December 2022). "How Digi International Used Acquisitions To Become A Player In The Internet Of Things". Investor's Business Daily. Retrieved 24 March 2025.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Digi International Hires Industry Vet as CEO". Heavy Duty Trucking. 2014-12-12. Retrieved 2026-03-08.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Digi Int'l Settles Patent Infringement Lawsuit With U.S. Ethernet Innovations". RTTNews. Retrieved 2024-07-24.
  7. ^ a b Page Module:Citation/CS1/styles.css has no content."Digi International Prevails in Patent Infringement Case". Financial Post. 7 May 2024. Retrieved 24 March 2025.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Ojea, Sabela (2024-05-08). "Digi International Wins Patent Case Brought by Airgain's NimbeLink". sinopolywatch.com. Retrieved 2024-07-24.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Digi International, Inc. - Company Snapshot". Alacra. Retrieved July 12, 2012.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Inside Out being acquired for $15M". Austin Business Journal. 27 September 2000. Retrieved 2025-04-08.
  11. ^ Page Module:Citation/CS1/styles.css has no content."Digi International buys NetSilicon for $50 million to enter embedded chip market". EE Times. 30 October 2001. Retrieved 16 October 2024.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Digi International Deal". The New York Times. 31 October 2001. Retrieved 12 November 2024.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Digi purchases Rabbit Semiconductor for $49 million". Control Engineering. 2005-06-07. Retrieved 2020-05-14.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Digi International Acquires FS Forth-Systeme | Mergr". mergr.com. Retrieved 2020-05-14.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Digi buys FS Forth-Systeme, Sistemas Embebidos for $4.4 million". Control Engineering. 2005-04-07. Retrieved 2020-05-14.
  16. ^ Page Module:Citation/CS1/styles.css has no content.MaxStream Acquired By Digi International In $38.5 Million Deal, Wireless Design Online, 2006, retrieved July 12, 2012
  17. ^ Page Module:Citation/CS1/styles.css has no content."Digi Acquires Wireless Leader MaxStream". Fierce Electronics. 28 July 2006. Retrieved 12 November 2024.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Plunkett, Jack W., ed. (2009). Plunkett's Companion to the Almanac of American Employers 2009: Mid-Size Firms. Plunkett Research, Ltd. ISBN 978-1593921262.
  19. ^ Page Module:Citation/CS1/styles.css has no content."Digi Acquires European Wireless Router Leader Sarian Systems". Global Security Mag Online. Retrieved 2020-05-14.
  20. ^ Page Module:Citation/CS1/styles.css has no content.Grayson, Katharine (4 November 2013). "Internet of things company Multi-Tech Systems names new CEO". www.bizjournals.com. Retrieved 2020-05-14.
  21. ^ Page Module:Citation/CS1/styles.css has no content."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.
  22. ^ Page Module:Citation/CS1/styles.css has no content."Digi completes Etherios acquisition". Twin Cities Pioneer Press. 2012-11-20. Retrieved 2025-02-13.
  23. ^ Page Module:Citation/CS1/styles.css has no content."Digi International acquires IoT solutions provider | 2015-10-06 | Refrigerated Frozen Food | Refrigerated & Frozen Foods". www.refrigeratedfrozenfood.com. Retrieved 2024-10-16.
  24. ^ Page Module:Citation/CS1/styles.css has no content.Whitworth, Joseph James (11 November 2016). "Digi International acquires FreshTemp and partners with Telus". foodnavigator.com. Retrieved 2024-09-19.
  25. ^ Page Module:Citation/CS1/styles.css has no content."Digi International Acquires SMART Temps". Fierce Electronics. 11 January 2017. Retrieved 2 October 2024.
  26. ^ Page Module:Citation/CS1/styles.css has no content."Digi International acquires TempAlert". IOT Now. 26 October 2017. Retrieved 28 October 2024.
  27. ^ Page Module:Citation/CS1/styles.css has no content."Digi International Acquires Accelerated Concepts, Inc". markets.businessinsider.com. 2024-08-08. Retrieved 2024-09-19.
  28. ^ Page Module:Citation/CS1/styles.css has no content."Digi International to Acquire New Jersey IT Company for $140M". Twin Cities Business. 2019-11-08. Retrieved 2024-09-19.
  29. ^ Page Module:Citation/CS1/styles.css has no content.Innovates, Dallas; Edwards, Alex (2021-03-31). "Dallas-Based IoT Startup Haxiot Acquired by Digi International". Dallas Innovates. Retrieved 2023-08-08.
  30. ^ Page Module:Citation/CS1/styles.css has no content."Digi International To Acquire Ctek For Undisclosed Terms". Yahoo Finance. 2021-07-06. Retrieved 2024-10-02.
  31. ^ Page Module:Citation/CS1/styles.css has no content."Synergies Abound in Digi's Acquisition of Ventus". www.vdcresearch.com. Retrieved 2024-07-24.
  32. ^ Page Module:Citation/CS1/styles.css has no content."Digi International Acquires Jolt Software For $145.5 Mln To Boost SmartSense IoT Platform". Nasdaq. 18 August 2025. Retrieved 12 March 2026.
  33. ^ Page Module:Citation/CS1/styles.css has no content."Digi Acquires Jolt". Food Logistics. 2025-08-19. Retrieved 2026-03-12.
  34. ^ Page Module:Citation/CS1/styles.css has no content.Jadhav, Abhishek (2026-03-06). "Digi Acquires Particle to Extend Embedded IoT Reach". Embedded. Retrieved 2026-03-12.
  35. ^ Page Module:Citation/CS1/styles.css has no content."Particle is being acquired by Digi to power the next 40 years of IoT innovation". www.particle.io. Retrieved 2026-01-27.
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