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Digi Acquires Jolt to Accelerate ARR Growth and Strengthen SmartSense's Market-Leading Offerings

1. Digi International acquires Jolt Software for $145.5 million. 2. This acquisition strengthens Digi's position in the IoT space.

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$33.4608/18 09:58 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition diversifies Digi's offerings and expands its reach, reminiscent of prior successful acquisitions, potentially leading to stock price appreciation.

How important is it?

The acquisition is likely to enhance Digi's competitive edge and revenue, positively impacting investor sentiment and stock performance.

Why Long Term?

The strategic nature of this acquisition provides growth potential over several quarters by enhancing service capability and market penetration.

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MINNEAPOLIS--(BUSINESS WIRE)--Digi International Inc. (“Digi”) (Nasdaq: DGII), a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, today announced its acquisition of Jolt Software, Inc., a leading solutions provider to the convenience store and food and beverage industries, for approximately $145.5 million in cash, net of Jolt's cash and otherwise subject to customary adjustments. The acquisition marks a significant milestone for.

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