Digi International, Inc.

Digi International, Inc.

Digi International, Inc.

Overview
Date Founded

1989

Headquarters

11001 BREN ROAD EAST, MINNETONKA, MN, 55343

Type of Company

Public

Employees (Worldwide)

543

Industries

Equipment & Office Supplies
Computer Hardware
Appliances & Electronics
Computer Software
Internet Software & Services
Other Manufacturing
IT Consulting & Services
Electrical Products

Company Description

Digi International® Inc. (Digi®) was formed in 1985 as a Minnesota corporation and reorganized as a Delaware corporation in 1989 in conjunction with its initial public offering. Our common stock is traded on the NASDAQ Global Select Market under the symbol DGII. Our global headquarters is in Minnetonka, Minnesota, and we have regional sales offices throughout North America, Europe and Asia. We also have engineering locations in North America, Europe and India. Value Proposition and Key M2M Offerings Digi International is Your M2M Expert, combining products and services as end-to-end solutions to drive business efficiencies. Digi provides the industry’s broadest range of wireless products, a cloud computing platform tailored for devices, and development services to help customers get to market fast with wireless devices and applications. Our entire solution set is tailored to allow any device to communicate with any application, anywhere in the world. Digi offers targeted vertical-specific offers for the Energy (Smart Metering, Demand Response, Alternative Energy, Distribution Automation), Mobile Assets (Fleet, Railroad, Transit, Digi m-Trak), Medical and Tank markets (among many others). Products and Services Our embedded products include modules, microprocessors, single-board computers, satellite communications products, development kits and software, design services through our subsidiary Spectrum Design Solutions. Non-embedded products include enterprise cellular routers, gateways, wireless communication adapters (ZigBee, Wi-Fi, proprietary RF), serial servers, intelligent console servers, USB connected products, remote display products, cameras, sensors and the #1 selling serial card line in the world. The Digi Professional Services portfolio includes consulting, solution design, technology selection, testing and implementation, managed services and M2M business application development — all designed to drive efficiency in your business. iDigi® Device Cloud™ The iDigi Device Cloud is a cloud computing platform for device networking and management. It provides secure application messaging, data storage and device management for networks comprised of wired, cellular and satellite-connected devices. All Digi gateways, routers and embedded components are iDigi ready and therefore can be instantly provisioned on the iDigi platform and made accessible to iDigi applications. Additionally, non-Digi devices can be integrated to the iDigi platform using the iDigi® Connector™, a free software download that supports any device operating platform.

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Executives & Employees

Director, President & Chief Executive Officer

Senior Vice President, Chief Financial Officer & Treasurer

Executive Vice President & Chief Operating Officer

Vice President, Corporate Development, General Counsel & Corporate Secretary

Vice President, Human Resources & Information Technology

President, IOT Solutions

Controller

Vice President of Finance & Accounting

Vice President of Technology

Vice President & General Manager, Cold Chain Solutions

Board of Directors

Former President & Chief Executive Officer at DataSphere Technologies, Inc.

Director, President & Chief Executive Officer at Digi International, Inc.

Former President & Chief Executive Officer at Buffalo Wild Wings, Inc.

Senior Vice President & Chief Operating Officer at Barracuda Networks, Inc.

Executive Director at HGGC LLC

Former Partner at Ernst & Young LLP

Former Chief Sales Officer at Conexant Systems LLC

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Digi International, Inc.
Owners & Shareholders
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Punch & Associates' (P&A) investment management approach incorporates a risk-averse investment philosophy centered on preserving and growing their clients' assets. The firm is a multi-cap manager with the following core strategies: Income, Large-Cap Equity, and Small- and Micro-Cap Equity. For their individual clients, P&A believes the most important decision involves the allocation of assets among different asset classes, supplemented by rigorous fundamental analysis providing the key to successful security selection. They believe it is possible to achieve consistent and superior investment returns through all market environments by using a disciplined and opportunistic style of investing, coupled with a willingness to look different from other mainstream investors.The Punch Small-Cap Strategy invests in equities with market-cap of $250 million to $2 billion. The firm combines intensive bottom-up investment research with elements of behavioral finance to create a portfolio of companies that are purchased at compressed valuations. P&A seeks out sectors and issues with accelerating fundamentals, economically attractive business models and low recognition among the general investing public.The Punch Large-Cap strategy takes a \"hub-and-spoke\" approach to building a portfolio of large-cap equities. A \"hub\" of closed-end or index funds is surrounded with \"spokes\" of concentrated positions in individual stocks taken from the universe of domestic companies with market-cap greater than $5 billion.The Punch Strategic Total Return Strategy (STR) is meant for client accounts that don't meet the minimum investment amount for P&A's other strategies (generally $100,000), although it can also be suitable for larger accounts. It ss a total return strategy that focuses on generating an attractive dividend yield in addition to capital appreciation. Portfolios are constructed using a limited number of closed-end funds, index shares and other pooled vehicles, and the strategy is benchmarked to the S&P 500.The Punch Micro-Cap Equity Strategy applies a similar investment process as the Small-Cap Equity Strategy while screening for companies in the smallest end of the small-cap spectrum (less than $250 million). The strategy is offered to accredited investors and qualified clients through a private investment partnership, PMCP, solely through a Confidential Private Placement Memorandum.The Punch Income Strategy invests in a wide variety of securities with the characteristics of producing durable, predictable yields and price appreciation over full market cycles. Incorporating varied yield vehicles to provide total return in both a taxable and tax-efficient manner, the strategy focuses on total return, emphasizes regular cash flow and takes a \"reversion-to-the-mean\" approach to asset allocation, targeting asset classes that have under-performed over the past 3-5 years.^

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HOLD is an active, value-oriented investor with a long-term investment horizon which manages diversified portfolios invested in equity and fixed-income with a geographical focus on Eastern Europe, primarily Hungary, the Czech Republic and Poland. They also have a bias towards small-cap companies.The firm is a bottom-up investor and conducts in-house fundamental research. They make investment decisions as a team via an investment committee; however, each portfolio manager is responsible for their own funds.

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North Run Capital believes that inefficiencies in the public markets can cause meaningful disparities between the trading value and true value of various securities. They apply a fundamental value approach to determine the intrinsic value of a security, and they seek to identify catalysts to explain why the security is mispriced and to identify events or circumstances likely to cause the market to realize the security's embedded value.While the majority of their investments have been in publicly traded equity securities and derivative securities of public equities, the funds may take long or short positions in equity and fixed income securities of all types, such as stock, options, warrants, equity swaps, credit default swaps, interest rate swaps, currency, futures, commodities, distressed debt, governmental securities, mortgage and asset-backed securities, loans, structured products, securitized products, and other financial instruments. Investments include securities which are listed or traded on domestic exchanges or other trading networks, as well as securities listed or traded on foreign exchanges and securities traded in foreign or domestic over-the-counter markets. At times, a small portion of the funds' portfolio may be ivested in securities and other assets that are not freely tradable or are otherwise illiquid.

Recent Transactions
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Digi International, Inc. purchases Opengear, Inc.

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Digi International, Inc. purchases Schechter Tech LLC

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Digi International, Inc. purchases Smart Temps LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onDigi International, Inc. purchases ITK International

Legal Advisor

Advised onDigi International, Inc. purchases NetSilicon, Inc.

Accountant

Advised onDigi International, Inc. purchases NetSilicon, Inc.

Legal Advisor

Advised onDigi International, Inc. purchases Schechter Tech LLC

Legal Advisor

Advised onDigi International, Inc. purchases Opengear, Inc.

Advisors & Consultants
Legal Advisor

Partner at Faegre Baker Daniels LLP

Advisor

Chief Financial Officer at Source Support Services, Inc.

Advisor

Chief Financial Officer at Perforce Software, Inc.

Clients

BCE, Inc. is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers. The Bell Wireline segment offers data, including Internet access and Internet protocol television, local telephone, long distance, as well as other communications services and products to residential, small and medium-sized business, and large enterprise customers. The Bell Media segment includes conventional, specialty and pay television, digital media, radio broadcasting services, and out-of-home advertising services. The company was founded on February 25, 1970 and is headquartered in Verdun, Canada.

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

Key Stats and Financials As of 2019
Market Capitalization
$185M
Total Enterprise Value
$296M
Earnings Per Share
$0.35
Revenue
$254M
Net Profit
$9.96M
Total Equity
$349M
EBITDAMargin
8.37%
EBITDA
$21.3M
Debt TEV
0x
TEVNet Income
29.74x
Enterprise Value EBITDAOperating
13.92x
Enterprise Value Sales
1.16x
Total Debt
$0
Three Year Compounded Annual Growth Rate Of Revenue
7.78%
Five Year Compounded Annual Growth Rate Of Revenue
5.7%
Non-Profit Donations & Grants
$200 +
2015
$200 +
2014
$250 - $499
2014
Investors
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Founder, Managing Partner at Scout VC LLC

Suppliers
PayPoint Plc Consumer Services | Welwyn Garden City, United Kingdom

The PayPoint branded retail network across the UK numbers over 24,000 local shops (including Co-op, Spar, McColls, Costcutter, Sainsbury’s Local, One Stop, Asda, Londis and thousands of independents), where it processes energy meter pre-payments, cash bill payments, mobile phone top-ups, transport tickets, BBC TV licences and a wide variety of other payment types. Our ATM network numbers more than 2,500 LINK-branded machines across the UK, mainly in the same sites as PayPoint terminals.

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