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 the Digi XBee LR, a new LoRaWAN-compatible wireless communication module, enhancing its IoT product range. This module supports various applications, such as precision irrigation and remote monitoring, and is pre-certified for multiple regions. It features zero-touch provisioning and low power consumption, aiming to provide businesses with a robust IoT solution. The product is expected to be available for evaluation in Q4 2022, marking a significant development in Digi's connectivity offerings.
Opengear, a Digi International company (NASDAQ: DGII), released research revealing a disconnect in digital transformation efforts. While 90% of CIOs are engaged in decision-making, only 17% involve network managers and just 13% include network engineers. The survey highlighted that only 28% of CIOs are satisfied with network engineering talent, with 39% citing skill shortages as barriers to digital transformation. CIOs recognize the growing need for these professionals, yet 62% haven't implemented change management processes. Greater collaboration between CIOs and network engineers is deemed essential for effective digital transformation.
Digi International has launched the Digi ConnectCore MP1, the smallest system-on-module (SOM) in its category, featuring integrated Wi-Fi, Bluetooth, and wired connectivity. Designed for OEMs, this cost-effective solution accelerates product development across diverse applications, including healthcare and industrial sectors. The MP1 SOMs measure just 29x29 mm and provide substantial flexibility with advanced features like pre-certified wireless connectivity and embedded security. The complete suite includes development tools and remote management services.
Digi International (NASDAQ: DGII) has launched Digi ConnectCore® Voice Control, a voice-control software solution for its ConnectCore system-on-modules. This solution supports 30 languages and a 60,000-word vocabulary, allowing voice processing on edge devices without cloud connectivity, which addresses data privacy and cost issues. The software aims to enhance human-machine interactions, especially in industrial settings where touch interfaces may fail due to environmental challenges. A free software development kit is available for engineers to create proof-of-concept applications.
Digi International (NASDAQ: DGII) showcased new IoT solutions at Embedded World 2022, targeting medical, transportation, agriculture, and industrial sectors. Key highlights include the Digi ConnectCore MP1 system-on-modules, Voice Control Software, and Digi XBee Intelligent Edge Controller. These products aim to enhance connectivity and innovation, improving user interaction with advanced networking capabilities. The company emphasizes its focus on security and reliability in developing connected products.
Digi International has joined the STMicroelectronics Partner Program to enhance the design of IoT solutions. This partnership aims to reduce product development efforts and speed up time-to-market for enterprises needing sophisticated connected applications. Andreas Burghart, Digi's senior product manager, emphasized the integration of ST’s products will support scalability and compatibility across regulated industries like healthcare, transportation, and manufacturing. Digi's off-the-shelf solutions promise lower total cost of ownership, fostering innovation.
Opengear, a Digi International company (NASDAQ: DGII), has launched the CM8100, a new console manager that enhances network resilience. This device adds NetOps capabilities to existing Smart OOB features, enabling secure remote access and efficient management of IT infrastructure. Key features include hosting up to 48 devices, hardware-based TPM 2.0 security, and an open architecture REST API. The CM8100 aims to reduce downtime by providing IT personnel with reliable remote access, which can save significant costs associated with outages, often exceeding $100,000.
According to a recent survey commissioned by Opengear, 53% of network engineers and 52% of CIOs identify cybersecurity as their top risk in digital transformation strategies. The research highlights a significant rise in cyberattacks, with 61% of CIOs noting increased incidents compared to previous years. A notable 70% of network engineers emphasize security as a key focus area. Furthermore, 41% of CIOs prioritize cybersecurity investments for the upcoming year, marking it as critical for organizational growth. Opengear, a Digi International company, focuses on secure IT infrastructure management.
A recent survey commissioned by Opengear shows that 53% of network engineers and 52% of CIOs identify cybersecurity as a major risk in digital transformation. The survey reveals that 61% of CIOs experienced an increase in cyberattacks from 2020-21. 70% of network engineers prioritize security in networking, with 41% of CIOs viewing cybersecurity as a crucial investment for the next year. The findings underline the rising importance of cybersecurity in organizational strategies.
Digi International (NASDAQ: DGII) has launched the Digi IX30, a ruggedized industrial-grade cellular router designed for challenging environments. This innovative solution features Digi Remote Manager for managing devices and offers high connectivity options to enable Industry 4.0 applications across sectors like oil and gas, water utilities, and smart cities. The IX30 supports both public and private cellular networks, and is engineered to comply with Class 1, Division 2 and ATEX standards. It aims to reduce operational costs while enhancing performance in critical use cases.
FAQ
What is the current stock price of Digi International (DGII)?
What is the market cap of Digi International (DGII)?
What does Digi International Inc. specialize in?
When was Digi International Inc. founded?
What are the main segments of Digi International Inc.?
Where is Digi International Inc. headquartered?
What products does the IoT Products and Services segment offer?
What services are provided under the IoT Solutions segment?
How many devices has Digi International connected?
What regions does Digi International Inc. operate in?
What recent achievements has Digi International Inc. made?