Digi

Digi International is a provider of IOT networking hardware products and solutions. Read more

Ron Konezny's photo - President & CEO of Digi

President & CEO

Ron Konezny

CEO Approval Rating

86/100

Founded:

1985

Status:

PublicIndependent CompanyNASDAQDGII

DIGI TOP COMPETITORS OR ALTERNATIVES

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Extreme Networks is Digi's biggest rival. Extreme Networks was founded in San Jose, California} in 1996. Extreme Networks operates in the IT Services industry. Compared to Digi, Extreme Networks generates $652.9M more revenue.

Juniper Networks is Digi's #2 rival. Juniper Networks's headquarters is in Sunnyvale, California, and was founded in 1996. Juniper Networks competes in the Cybersecurity field. Juniper Networks generates 1,538% of Digi's revenue.

Arista Networks is Digi's #3 competitor. Arista Networks was founded in 2004 in Santa Clara, California. Arista Networks operates in the Computers, Peripherals, Networking and Electronic Equipment industry. Arista Networks generates $2.2B more revenue than Digi.

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Digi Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$294M

Digi's revenue is the ranked 10th among it's top 10 competitors. The top 10 competitors average 3.3B. Over the last four quarters, Digi's revenue has decreased by 45.1%. Specifically, in Q1 2021's revenue was $77.3M; in Q4 2020, it was $73.1M; in Q3 2020, it was $2.8M; in Q2 2020, Digi's revenue was $140.7M.

Digi Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Haxiot

Mar 2021

Source »
undisclosed
Haxiot is a Texas-based cloud platform that provides IoT connectivity, device management and data transformation solutions for the utility and supply chain industries.
Opengear, Inc.

Nov 2019

Source »
$140M
Opengear provides network monitoring, data center and infrastructure management solutions for managing critical IT and communications infrastructure.
Accelerated Concepts, Inc.

Jan 2018

Source »
undisclosed
Accelerated is a manufacturer and provider of enterprise-grade cellular networking equipment for primary and backup connectivity applications.
TempAlert

Oct 2017

Source »
$45M
TempAlert is a designer and developer of sensor-driven temperature monitoring and task management solutions for healthcare and foodservice sectors.
Smart Temps

Jan 2017

Source »
undisclosed
SMART Temps is a provider of real-time foodservice temperature management solutions for restaurant, grocery, education and hospital environments.

These are all the companies that Digi has acquired. Digi has acquired 10 companies and its latest acquisition was Haxiot in Mar 2021. Haxiot is a Texas-based cloud platform that provides IoT connectivity, device management and data transformation solutions for the utility and supply chain industries.

Digi Funding History

Since Digi was founded in 1985, it has participated in 1 round of funding. In total Digi has raised $6.8M. Digi's funding round was on Oct 2010 for a total of $6.8M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Oct 2010
$6.8M
-

Since Digi was founded in 1985, it has participated in 1 round of funding. In total Digi has raised $6.8M. Digi's funding round was on Oct 2010 for a total of $6.8M

Digi Investments

No recent investments found related to Digi

These are all the companies that Digi has invested in. Digi has invested 10 companies and its latest investment was Haxiot in Mar 2021. Haxiot is a Texas-based cloud platform that provides IoT connectivity, device management and data transformation solutions for the utility and supply chain industries.

Digi News

May 12, 2021Geeky Gadgets

Digi IX15 Internet of Things gateway and router

Digi International a global provider of Internet of Things (IoT) connectivity products and services, ... See more »
April 28, 2021Telecompaper

Digi International combines software, hardware into comprehensive 5G system

(Telecompaper) Digi International has announced the launch of a comprehensive new 5G system which com... See more »
April 8, 2021MarketScreener

to Release Second Fiscal Quarter 2021 Earnings Results and Host Conference Call on May 5th, 2021

(marketscreener.com) Digi International® Inc. , a leading global provider of mission-critical Interne... See more »
March 31, 2021Dallas Innovates

Dallas-Based IoT Startup Haxiot Acquired by Digi International

Dallas Innovates, Every Day: Here's what's new + next in North Texas.Dallas-based Haxiot, a provider ... See more »
March 22, 2021ABF Journal

BMO Harris Supplies $200MM Revolver to Digi International

Digi International entered into an amended and restated credit agreement with BMO Harris Bank as admi... See more »
March 22, 2021MarketScreener

Recognizes EMEA Distributor and Channel Partner Excellence

(marketscreener.com) Digi International , a leading global provider of Internet of Things connectivit... See more »

Digi Blogs

November 12, 2020Digi Blog

Industrial IoT: Connectivity for Rugged Applications

Selecting the connectivity solution for an application in a challenging environment requires some tho... See more »
November 6, 2020Digi International Inc Blog

5G and the Future of Telemedicine and Remote Surgery

We are at a turning point for telemedicine (also known as telehealth). For hundreds of years, interac... See more »
October 23, 2020Digi International Inc Blog

Solving 5G Antenna Design Challenges

5G antenna design is by far the most confusing part of the process of developing 5G solutions, as it ... See more »
October 22, 2020Digi International Inc Blog

Dual APN in Transit Applications: Passenger Wi-Fi and Security Benefits

Modern transit systems incorporate cellular routers, which utilize access point name (APN) technology... See more »
October 16, 2020Digi International Inc Blog

Smart Cities are Better Cities: Supporting Mobility and Inclusion

To transform their municipalities around better traffic and transit flow – a movement now widely know... See more »
October 9, 2020Digi Blog

Top 12 Smart Cities in the U.S. (Smart Cities Examples 2020)

Smart Cities in the U.S. are deploying connected technologies and IoT solutions for everything from e... See more »
October 9, 2020Digi Blog

Top 12 Smart Cities in the U.S. - Smart Cities Examples 2020

Smart Cities in the U.S. are deploying connected technologies and IoT solutions for everything from e... See more »

Digi Press Releases

February 2, 2021PR Newswire

Coborn's Selects Monitoring and Task Management Solutions from SmartSense by Digi to Increase Visibility and Efficiency Across Grocery, Pharmacy, Trucking, and Automotive Washing Services

BOSTON, Feb. 2, 2021 /PRNewswire/ -- SmartSense by Digi, part of Digi International®, (NASDAQ: DGII) ... See more »
January 7, 2021Business Wire

Digi International to Release First Fiscal Quarter 2021 Earnings Results and Host Conference Call on February 3, 2021

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII), a leading global provider o... See more »
November 6, 2020Business Wire

Digi International Announces Schedule for November Investor Conferences

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII), a leading global provider o... See more »
July 9, 2020Business Wire

Digi International to Release Third Fiscal Quarter 2020 Earnings Results and Host Conference Call on August 6, 2020

HOPKINS, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII), a leading global provider o... See more »
June 3, 2020PR Newswire

Digi XBee Tools Winner of the 8th Edition of Connected World IoT Innovations Awards

HOPKINS, Minn., June 3, 2020 /PRNewswire/ -- Digi International® (NASDAQ: DGII) (www.digi.com), a lea... See more »
April 13, 2020PR Newswire

Digi XBee Tools Named IoT App Dev/Platform of the Year in the 8th Annual Compass Intelligence Tech Awards

/PRNewswire/ -- Digi International®, (NASDAQ: DGII) (www.digi.com), a leading global provider of Inte... See more »
October 15, 2019WebWire

Digi International to Release Fourth Fiscal Quarter and Year-End 2019 Earnings Results and Host Conference Call on November 14, 2019

Digi International® Inc. (NASDAQ: DGII), a leading global provider of mission-critical Internet of Th... See more »

Digi Videos

Social Media

Digi Headquarters

9350 Excelsior Blvd Suite 700

Hopkins, Minnesota55343

833-673-6432

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Digi Summary

ABOUT

Overview

Digi International is a provider of IOT networking hardware products and solutions. Digi was founded in 1985. Digi's headquarters is located in Hopkins, Minnesota, USA 55343. It has raised 6.8M in 1 round. The latest round was in Oct 2010. Digi's Pre...

CEO

Digi's President & CEO, Ron Konezny, currently has an approval rating of 86%. Digi's primary competitors are Extreme Networks, Juniper Networks & Arista Networks.

Website

digi.com

Frequently Asked Questions about Digi

  1. When was Digi founded?

    Digi was founded in 1985
  2. Who is Digi's CEO?

    Digi's CEO is Ron Konezny
  3. How much revenue does Digi generate?

    Digi generates $294M in revenue
  4. How much funding does Digi have?

    Digi has historically raised $6.8M in funding
  1. Where is Digi's headquarters?

    Digi's headquarters is in Hopkins Minnesota, USA
  2. How many employees does Digi have?

    Digi has 543 employees
  3. What sector does Digi operate in?

    Digi is in Telecommunications Equipment
  4. Who are Digi's competitors?

    Digi's top competitors are Extreme Networks, Juniper Networks, Arista Networks