Digi International operates through two primary business segments: IoT Products & Services and IoT Solutions. The IoT Products & Services segment, which accounts for the majority of revenue, offers cellular routers, wireless modules, console servers, and radio frequency products used by original equipment manufacturers and enterprises to connect assets to networks. The IoT Solutions segment provides subscription-based software and managed services, including SmartSense by Digi for wireless temperature monitoring and Ventus for Managed Network-as-a-Service (MNaaS). Geographically, the company serves a global customer base, generating significant revenue from international markets across Europe and Asia. Originally founded as a manufacturer of multi-line serial data cards, Digi has strategically transitioned toward a recurring revenue model by integrating its hardware with cloud-based device management platforms. The company targets diverse vertical markets, including healthcare, retail, transportation, and industrial automation.
