OverviewSuggest Edit

Digi International is a global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. The Company helps its customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Digi creates secure, easy to implement embedded solutions and services to help customers build IoT connectivity. The Company also deploys ready to use, complete box solutions to connect remote machinery. In addition, it manages cloud services, offers professional services and complete IoT solutions, offers automated wireless temperature monitoring as well as employee task management services to restaurants, convenience stores, warehouses and other businesses that have perishable or temperature sensitive goods.

TypePublic
Founded1985
HQHopkins, US
Websitedigi.com
Employee Ratings3

Latest Updates

Employees (est.) (Sept 2019)543(+6%)
Job Openings2
Revenue (FY, 2019)$254.2 M(+12%)
Share Price (Oct 2020)$16.6
Cybersecurity ratingCMore

Key People/Management at Digi International

Ron Konezny

Ron Konezny

President and Chief Executive Officer
Terry Schneider

Terry Schneider

VP of Supply Chain Management
Kevin Riley

Kevin Riley

President, IoT Solutions
Tracy Roberts

Tracy Roberts

VP of Technology Services, CIO
Brad Cole

Brad Cole

Enterprise Software Development Director, Digi International
David Sampsell

David Sampsell

VP, Corporate Development, General Counsel & Corporate Secretary
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Digi International Office Locations

Digi International has offices in Hopkins, Boston, Eden Prairie, Edison and in 15 other locations
Hopkins, US (HQ)
9350 Excelsior Blvd #700
Boston, US
186 Lincoln St 8th Floor
Eden Prairie, US
10000 W 76th St
Edison, US
110 Fieldcrest Ave 6th floor
Herndon, US
610 Herndon Pkwy #500
Lindon, US
355 S 520 W #180
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Digi International Financials and Metrics

Digi International Revenue

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Digi International's revenue was reported to be $254.20 m in FY, 2019
USD

Revenue (Q3, 2020)

62.8m

Market capitalization (14-Oct-2020)

482.3m

Closing stock price (14-Oct-2020)

16.6

Cash (30-Jun-2020)

55.1m

EV

523.0m
Digi International's current market capitalization is $482.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

204.2m190.6m195.4m192.7m212.9m203.0m181.6m228.4m254.2m

Revenue growth, %

(1%)10%(5%)(11%)

Cost of goods sold

94.7m88.4m95.3m102.2m114.8m103.3m94.5m119.5m135.2m

Gross profit

109.5m102.1m100.1m90.5m98.0m99.7m87.2m108.9m119.0m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

54.3m46.7m49.0m47.6m47.0m48.2m48.8m47.3m45.9m47.9m48.7m53.2m54.5m50.3m50.2m52.1m45.2m45.6m45.7m45.2m100.0m162.7m62.3m52.1m47.1m62.3m73.4m62.8m

Cost of goods sold

24.9m21.7m22.7m21.9m22.5m23.2m24.1m24.4m24.1m25.7m26.8m29.1m29.2m25.9m25.4m26.2m23.7m23.7m23.3m23.3m51.4m84.8m32.5m35.4m32.8m31.9m34.8m

Gross profit

29.4m25.0m26.3m25.7m24.5m25.0m24.7m22.9m21.8m22.1m21.9m24.1m25.3m24.4m24.7m26.0m21.5m21.9m22.5m21.9m48.6m77.9m29.8m16.7m14.3m30.5m38.6m

Gross profit Margin, %

54%53%54%54%52%52%51%48%47%46%45%45%46%48%49%50%47%48%49%49%49%48%48%32%30%49%53%
USDQ3, 2011

Financial Leverage

1.1 x
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Digi International Operating Metrics

Digi International's Backlog was reported to be $25.3m in FY, 2016. Digi International's Customers was reported to be 25 k in Jun, 2017.
FY, 2014FY, 2015FY, 2016Jun, 2017

Backlog

$26.20 m$27.20 m$25.30 m

Customers

25 k

Partners

250

Patents and Patent Applications

111
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Digi International Acquisitions / Subsidiaries

Company NameDateDeal Size
Accelerated ConceptsJanuary 22, 2018$17 m

Digi International Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Digi International Revenue Breakdown

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Digi International revenue breakdown by business segment: 95.9% from M2M and 4.1% from Other

Digi International Online and Social Media Presence

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Digi International News and Updates

Digi International and Assured Wireless to Deliver Integrated Wireless Solutions for First Responders

HOPKINS, Minn., Oct. 7, 2020 /PRNewswire/ -- Digi International®, (NASDAQ: DGII) (www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, and Assured Wireless Corporation (AWC), a leading developer of wireless connectivity solutions for...

Digi International Honors Digi-Key with Global Distributor of the Year 2019 Award

THIEF RIVER FALLS, Minn., June 27, 2019 /PRNewswire/ -- Digi-Key Electronics, a global electronic components distributor, was honored with the Digi International Global Distributor of the Year 2019 award at the 2019 Global IoT Conference in Minneapolis, Minn. Digi International is a...

SYNNEX Corporation Named North American Distribution Partner of the Year by Digi International

GREENVILLE, S.C., June 20, 2019 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced that it has been named North American Distribution Partner of the Year by Digi International, a leading global provider of the Internet of Things...

IoT Leaders, Innovators and Luminaries Gather at Digi International 2019 Global IoT Conference

HOPKINS, Minn., May 21, 2019 /PRNewswire/ -- Digi International®, (NASDAQ: DGII) (www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, will host its Global IoT Conference on June 5, 2019, in Minneapolis, Minnesota. The Digi Global IoT...

Digi International Announces Appointment of New Chief Financial Officer

HOPKINS, Minn., May 10, 2019 /PRNewswire/ -- Digi International®, (NASDAQ: DGII), (www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced the appointment of James "Jamie" J. Loch to the role of Senior Vice President, Chief...

Digi International Unveils Digi AnywhereUSB Plus Hubs Featuring USB Over IP to Connect Assets Across the Enterprise

Digi AnywhereUSB Plus brings secure, flexible, and scalable USB 3.1 multiport connectivity at Gigabit speeds and beyond for USB devices connected from Remote or Virtualized Hosts.read more
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Digi International Blogs

Edge Computing, Artificial Intelligence, Machine Learning and 5G

The symbiotic nature of edge compute and artificial intelligence is interesting because artificial intelligence requires the extremely fast processing of data, which edge computing enables; meanwhile AI enables higher performance of compute resources at the edge.

What Is Zero Touch Configuration?

Zero-touch configuration is the process of configuring IoT devices and pushing updates out to the network from a central location. Zero-touch configuration enables IT teams to configure, or modify, hundreds or even thousands of devices remotely.

New! Digi Remote Manager Enhancements

The August 2020 release of Digi Remote Manager includes updates such as sub-account management, usability enhancements, and a new feature: the Notification Center. We are working on enhancements every day, including new APIs and UI functionality. We are also creating training modules focused on the …

Digi vs. Digi-Key: Who's Who and Where to Buy

People often ask if Digi International is related to Digi-Key Electronics. Does Digi own Digi-Key? Does Digi-Key own Digi? Are the two companies in business together in some way? Here are answers.

Secure, Scalable IoT Device Management

The IoT enables corporate, industrial and public sector organizations to control equipment and deliver services in ways that were not even possible a decade ago. Millions of IoT devices are now deployed around the world. And IoT device management is a critical component of those solutions.

5G IoT and the Future of Connected Vehicle

5G networks and other new technologies are promising to make self-driving cars a reality, and it’s happening faster than most people think. In this article we’ll look at how cities are adapting to enable connected vehicle technology and autonomous driving.
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Digi International Frequently Asked Questions

  • When was Digi International founded?

    Digi International was founded in 1985.

  • Who are Digi International key executives?

    Digi International's key executives are Ron Konezny, Terry Schneider and Kevin Riley.

  • How many employees does Digi International have?

    Digi International has 543 employees.

  • What is Digi International revenue?

    Latest Digi International annual revenue is $254.2 m.

  • What is Digi International revenue per employee?

    Latest Digi International revenue per employee is $468.1 k.

  • Who are Digi International competitors?

    Competitors of Digi International include Sierra Wireless, Baylin Technologies and Mydevices.

  • Where is Digi International headquarters?

    Digi International headquarters is located at 9350 Excelsior Blvd #700, Hopkins.

  • Where are Digi International offices?

    Digi International has offices in Hopkins, Boston, Eden Prairie, Edison and in 15 other locations.

  • How many offices does Digi International have?

    Digi International has 21 offices.