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Stock impact report

Digi International Acquires Particle to Accelerate ARR Growth and Strengthen Digi’s Embedded-as-a-Service Offering

Digi International Inc. (DGII) 
Last digi international inc. earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/4i-m.url
Company Research Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Digi International Inc. (“Digi”) (Nasdaq: DGII), a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, today announced its acquisition of Particle Industries, Inc. (“Particle”), a leading provider of edge-to-cloud application infrastructure for intelligent devices. Through their subscription model, Particle enables companies to deliver customer value with easy to deploy intelligent connected products at scale. The acquisition not only transforms the capabilities of Digi’s OEM Solution’s product offerings; it also greatly enhances the recurring revenue profile of Digi’s IoT Products and Services reporting segment.Particle will be integrated with Digi’s OEM Solution’s offerings within Digi’s IoT Products and Services segment. Particle presently generates approximately $20 million in ARR via its subscription-based sales model and is growing ARR double-digits annually. This greatly advances D Show less Read more
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