Digi International Inc. operates in the communications technology industry. The Company's products are divided into two categories: embedded and non-embedded. An embedded product is incorporated by a product developer into an electronic device (utilities meter, environmental sensors, retail scanner, and medical instruments). It provides processing power and wired or wireless network connectivity to that device. A non-embedded product is connected externally to a device or larger system (retail checkout, building access control panel, traffic controller) to provide network connectivity or port expansion. In June 2009, the Company acquired MobiApps Holdings Private Limited (MobiApps), a developer of machine-to-machine (M2M) communications technology focusing on satellite, cellular and hybrid satellite/cellular solutions.
Currently trading at $8.30, earnings to be announced 7/19/2010