Digi International Inc.: Business Overview, Financials & Competitive Analysis
Digi International Inc. scores 7/10 on the AskCyborg Cyborg Score (Strong). Digi's transition to subscription-based, recurring revenue models combined with targeted M&A positions it well for profitable growth in the expanding IoT connectivity market. Digi demonstrates solid execution with 18% YoY revenue growth, 31% ARR growth, and record Q1 FY2026 results. Strategic acquisitions (Particle adding $20M ARR) and successful recurring.
What is Digi International Inc.'s industry? Digi International Inc. (digi.com) operates in Internet of Things (IoT) Connectivity & Enterprise Software. AskCyborg classifies Digi International Inc. under Internet of Things (IoT) Connectivity & Enterprise Software in its company registry.
Digi International is a global provider of business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions with strong recurring revenue growth. The company helps customers deploy...
Cyborg Score thesis
Digi's transition to subscription-based, recurring revenue models combined with targeted M&A positions it well for profitable...
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Get Current Report FreeDigi International Inc. Overview
Pro stress-test →Digi International is a global provider of business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions with strong recurring revenue growth. The company helps customers deploy, monitor, and manage critical communications infrastructures through embedded connectivity, cloud-based device management, and managed network services.
Strategic Profile
Pro stress-test →Digi operates through two segments: IoT Products & Services (hardware and embedded systems) and IoT Solutions (SmartSense monitoring, Managed Network-as-a-Service, and cloud platforms). The company is shifting toward high-margin recurring revenue models with strategic acquisitions like Particle and Jolt, positioning itself as a leader in secure edge computing and device lifecycle management.
Competitive Landscape
Pro stress-test →Digi competes with diverse players across IoT connectivity, embedded systems, and managed services segments. Key competitors include Adtran, Aviat Networks, NETGEAR, Innowireless, and Belden in connectivity hardware; plus cloud device management providers. Digi's integrated hardware-software-services approach and strong recurring revenue focus differentiate it from point-solution competitors.
Industry Context
Digi International Inc. operates in Internet of Things (IoT) Connectivity & Enterprise Software.
Key facts
Founded: 1985 · Headquarters: Hopkins, Minnesota, US · Revenue: $122M (Q1 FY2026, annualizing ~$488M) · Market cap: $1.82B