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Digi International
Founded in 1985, Digi International began as a technology company focused on serial and network connectivity, later pivoting to wireless...
Digi International
Founded in 1985, Digi International began as a technology company focused on serial and network connectivity, later pivoting to wireless machine-to-machine communications. The firm went public on Nasdaq (DGII) and is headquartered in Minnetonka, Minnesota. Digi's product suite spans cellular routers, embedded system-on-modules, and console servers, alongside its Digi Remote Manager software for device monitoring. Key deployments include fleet tracking systems, energy grid monitoring, and remote healthcare device management. The company maintains R&D across its Minnesota and California facilities, sourcing components from global suppliers while manufacturing through contract partners. By 2024, Digi employed over 400 people with offices in the US and Europe. In March 2023, the company acquired Ventus Networks, a provider of cellular connectivity management, to expand its recurring revenue software business (per SEC filings, 2023). The company's primary philanthropic vehicle, the Digi International Foundation, focuses on STEM education and community technology access. Unlike many firms in its space, Digi International operates as a public company with a dual mandate: generating shareholder returns while retaining an engineering-led culture that originated in its founder's era. This structure creates a distinct tension between quarterly earnings cycles and long-term industrial IoT development cycles.
General information
Firm type
other
Year founded
1985
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minnetonka
Corporate office
Minnetonka, MN, United States
Additional offices
Fremont, CA, United States · Hopkins, MN, United States
Principals
Michael Goergen Jr.
Chairman
Kirk O. Kuehl
Vice President and General Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Digi International?
The strategic direction is set by the board of directors, led by Chairman Michael Goergen Jr., with day-to-day operational decisions made by CEO and President (historically named per filings). The company discloses executive compensation and capital allocation in annual SEC 10-K filings.
How does Digi International generate revenue?
Revenue comes from product sales of wireless routers, embedded modules, and console servers, plus recurring subscriptions for its Digi Remote Manager cloud platform. As of 2023, hardware sales remain the primary revenue driver, with services gaining share (per SEC filings).
Does Digi International operate as a family office?
No. Digi International is a publicly traded company (Nasdaq: DGII) and is not structured as a family office or asset manager. It is a technology firm focused on industrial IoT products and services.
What investment stages does Digi International target?
Digi does not function as an investment firm. However, through its corporate development activity, it has historically pursued bolt-on acquisitions of early-stage private companies in connectivity and software, such as Ventus Networks in 2023.
Where does the underlying wealth come from?
The company's founding wealth originated from its founders' stake in Digi International as it went public in the 1980s. The Goergen family, particularly Michael Goergen Sr. (deceased) and Michael Goergen Jr., have been controlling shareholders.
What sectors does Digi International explicitly avoid?
Digi's product line focuses on industrial IoT and enterprise connectivity. It does not participate in consumer electronics, cloud-native software, or financial technology.
What is Digi International's known posture on co-investments alongside external GPs?
As a public company, Digi does not engage in co-investment partnerships with private equity or venture capital funds. Its corporate M&A activity is funded through cash flow and equity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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