NasdaqGS:DGIICommunications
Digi International Reshapes IoT Model As ARR Jumps 50%
Digi International acquired Jolt Software and Particle Industries, reshaping its Internet of Things (IoT) offering.
The company reports that these deals, combined with organic growth, have lifted annual recurring revenue (ARR) by 50%.
Management highlights strong cash flow as a key support for integrating these acquisitions into the existing business.
Digi International (NasdaqGS:DGII) is drawing fresh attention as it leans harder into IoT platforms and recurring software revenue. The stock...