Welcome to our dedicated page for Digi International news (Ticker: DGII), a resource for investors and traders seeking the latest updates and insights on Digi International stock.
Digi International Inc. (DGII) is a leading global provider specializing in machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. Headquartered in Minnesota, Digi International has been a cornerstone in the field since its foundation in 1985. The company is committed to helping customers create next-generation connected products and manage critical communications infrastructures in demanding environments.
Digi International operates through two primary segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment focuses on delivering distinct communications products and communication product development services. This includes embedded modules, off-the-shelf routers, gateways, and network products that are known for their relentless reliability and exceptional performance and security.
The IoT Solutions segment caters to different needs by offering wireless temperature and environmental condition monitoring services, as well as employee task management services. This allows customers to efficiently manage their connected products and assets across a broad range of mission-critical industry applications.
Over the years, Digi International has successfully connected over 100 million devices, showcasing its extensive experience and capability in the field. The company's cloud-based software and professional services are designed to enhance the operational efficiency of its clients' connected assets. Digi's product offerings are aimed at industries that require high levels of reliability and security in their communication networks.
Geographically, Digi International generates a significant portion of its revenue from its operations in the United States. Additionally, the company has a notable presence in Europe, the Middle East, Africa, and other parts of the world. This broad geographical footprint allows Digi to serve a diverse range of customers and industries globally.
Recent Achievements and Current Projects:
- Continued expansion of IoT connectivity solutions to meet the evolving needs of various industries.
- Development of new embedded modules and off-the-shelf routers to enhance communication reliability and security.
- Investments in cloud-based software to provide better data management and analytics capabilities for clients.
- Strategic partnerships with key technology providers to drive innovation and deliver comprehensive solutions.
Whether it's through their industry-leading products or their commitment to customer success, Digi International Inc. remains at the forefront of M2M and IoT innovations.
Digi International (NASDAQ: DGII) has launched a new add-on service called Digi WAN Bonding, which enhances network performance by delivering true Gigabit speeds and improved reliability for enterprise, industrial, and transportation IoT applications. This service integrates with Digi's existing technology stack and utilizes the edge intelligence of Digi Accelerated Linux (DAL) OS, allowing users to manage multiple WAN connections for better throughput and seamless failover. Key benefits include increased bandwidth for video and file sharing, improved reliability with hot failover protection, and potential cost savings from leveraging multiple ISPs. This collaboration with Bondix Intelligence offers a maximum throughput speed of 1 Gbps, surpassing competitors' offerings.
Digi International will release its financial results for the second fiscal quarter of 2023 on May 4, 2023, before market open at approximately 8:00 a.m. ET.
The results will be discussed in a conference call hosted by CEO Ron Konezny and CFO Jamie Loch at 10:00 a.m. ET. Investors can pre-register for the call and access the live webcast via Digi's investor relations website.
Digi specializes in Industrial Internet of Things (IIoT) products and has connected over 100 million devices. The company aims to support customers in building connected products and managing secure communication infrastructures.
Digi International (NASDAQ: DGII) has launched the Digi Connect EZ® 8/16/32, enhancing their range of secure and scalable device servers for industrial automation and IoT applications. This new product line demonstrates Digi's commitment to providing robust connectivity solutions to critical sectors like utilities, aerospace, and logistics.
The Digi Connect EZ family includes features such as cellular support, centralized management through Digi Remote Manager®, and a one-year subscription to the LifeCycle Assurance Program, offering 24/7 expert technical assistance. This rollout is focused on enabling customers to address the challenges of the Industrial Internet of Things (IIoT) effectively. With advancements in scalability, reliability, and capability, these devices promote seamless integration and management of remote assets.
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