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Digi International history
Digi International company history timeline
Digigraphic was struggling in a depressed market, and after its restructuring in 1985, the company elected to abandon some of its major circuit board lines, including those that allowed computer terminals to share a single processor.
Company formed in 1985.
After losing $260,000 in 1986, the company made a million dollar public offering the following year, and sales grew to $3.5 million.
All this activity in the market helped DigiBoard to garner sales of $7.8 million in 1988, enabling Schinas to repay those who invested in his venture.
The offering reaped $11 million, and shares in the company were publicly traded on the NASDAQ. Digi finished 1989 with sales of $14.6 million.
Sales in 1990 topped $23 million.
When Arnet's founder announced his intention to retire in 1990, he purposely sought out Schinas, hoping Digi would offer to buy out the company.
With its product line and facilities, Arnet was a good match for Digi, which acquired the company for $5 million on March 1, 1991.
Furthermore, on July 8, 1991, the company opened a German sales subsidiary in Köln.
In 1993, Digi International held a leading 25 percent market share of the I/O market and had established a strong position in the LAN and WAN connectivity markets.
The Digi XBee SX Modem, introduced in 2016, was described as the “muscle car” of the XBee ecosystem.
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Digi International competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Librato, Inc. | - | $13.0B | 63,800 | - |
| Synopsys | 1986 | $6.1B | 15,001 | 43 |
| Intel | 1968 | $53.1B | 121,100 | 359 |
| SGI (Silicon Graphics) | 2002 | $532.9M | 5 | - |
| Netgear | 1996 | $673.8M | 1,008 | 17 |
| MultiTech | 1970 | $37.5M | 200 | 3 |
| Actiontec | 1993 | $32.0M | 200 | - |
| Mitel | 1973 | $1.3B | 4,200 | 16 |
| Visible | - | $13.0M | 50 | 6 |
| Consolidated Technologies, Inc. | - | $17.2M | 1 | - |
Digi International history FAQs
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Digi International may also be known as or be related to DIGI INTERNATIONAL INC, Digi International, Digi International Inc, Digi International Inc. and Digi International, Inc.