BNET Industries

Market Cap:$225.0M
Last Fiscal Year Sales:$185.0M
  • Public
  • US
Dow Jones Description

Digi International Inc. was formed in 1985 as a Minnesota corporation and reorganized as a Delaware corporation in 1989 in conjunction with its initial public offering. Our common stock is traded on the NASDAQ Global Select Market under the symbol DGII. With our global headquarters in Minnetonka, Minnesota, regional sales offices throughout North America, Europe, Japan and Asia Pacific our products are available through approximately 295 distributors in more than 74 countries. We also have engineering locations in North America and Europe.

Chairman, President and Chief Executive Officer
Joseph T. Dunsmore
Number of Employees 663
Contact Information

11001 Bren Rd E

Minnetonka, Minnesota 55343-9605

digi.com

(952) 912-3444

NAICS Code Other Computer Peripheral Equipment Manufacturing: 334119

Recent Events

  • Digi International CEO's pay slips in '09

    12/08/09 - Financial Announcement - View Story

  • Digi International Introduces the Industry's First Core Designed Specifically for Low Power, Wireless Multimedia Applications

    11/05/09 - Product Announcement - View Story

  • Digi International Releases ConnectCore Wi-MX51

    11/07/09 - Product Announcement - View Story

  • Embedded Wireless Module aids multimedia device development.

    11/11/09 - Product Announcement - View Story

  • With Three Industry Firsts, New Digi Core Module Speeds

    11/04/09 - Product Announcement - View Story

  • Digi International Reports Fourth Fiscal Quarter and Full Year 2009 Results

    10/29/09 - Merger / Acquisition - View Story

  • Digi Introduces Cellular Router

    10/22/09 - Product Announcement - View Story

  • Digi Launches M2M Development Kit for Mainstream Satellite Development

    10/14/09 - Product Announcement - View Story

  • Digi launches 3G cellular router with Wi-Fi, GPS, telemetry

    10/14/09 - Product Announcement - View Story

  • Digi Launches All-in-One 3G Cellular Router with Wi-Fi, GPS, Telemetry and Enterprise-Class Security

    10/24/09 - Product Announcement - View Story

  • Digi Launches Industry's First M2M Development Kit for Mainstream Satellite Development

    10/18/09 - Product Announcement - View Story

  • Digi Launches ConnectPort X5 Family, Fleet Management Telematics Devices

    10/09/09 - Product Announcement - View Story

  • Digi Launches Industrys First M2M Development Kit for Mainstream

    10/06/09 - Product Announcement - View Story

News & Analysis

digi international and wireless - All News and Analysis

Decision Makers

Name (plus bio) Position
Joel Young Senior Vice President of Research and Development and Chief Technical Officer
Jon A. Nyland Chief Operating Officer
Subramanian Krishnan Senior Vice President, Chief Financial Officer and Treasurer
Sven A. Wehrwein Chief Financial Officer
Larry Kraft Senior Vice President of Sales and Marketing
Curt Ahart Vice President of Business Development
Frederic Luu Vice President of Sales and Marketing, Emea
John Guargena Vice President of Americas Sales
Stephen E. Popovich Vice President, Business Development
Steve Ericson Vice President of Product Management
Tracy L Roberts Vice President of Human Resources and It
Duncan Ellison Business Development Director
Brad Williams
Caroline Baylon
Chris Klopper
Cristina Arborio
Doug Bentall
Hokie Chan
Jan McBride
Matt Serra
Mykola Moroz
S Kris Krishnan
David Stanley Director
James E Nicholson Secretary

Board of Directors

Name (plus bio) Position
Joseph T. Dunsmore Chairman, President and Chief Executive Officer
Guy C. Jackson Chair
Ahmed Nawaz Board of Directors
Bradley J. Williams Board of Directors
James Williams Bradley Board of Directors
Kenneth E Millard Board of Directors
William Priesmeyer Board of Directors

Organization Position Status
Digi International Inc. Chairman, President and Chief Executive Officer Current
Inside Out Networks Current
US Robotics Corporation Vice President of New Business Units Former
Florida Institute of Technology M.B.A. Former

Organization Position Status
Sensors Expo Cto, Vice President of Research and Development, Digi International Current
Digi International Inc. Senior Vice President of Research and Development and Chief Technical Officer Current
Inside Out Networks Current
Digi International Inc. Vice President of Engineering Former
AT&T Inc. Former
University of Southern California M.S. in Computer Science Former

Organization Position Status
Digi International Inc. Chief Operating Officer Current
Maxstream, Inc. Chief Operating Officer Current
Maxstream, Inc. Vice President of Manufacturing Operations Current
Inside Out Networks Current
Digi International Inc. Vice President of Manufacturing Operations Former
Test Engineering, Inc Manager Former
University of St. Thomas B.S. In Industrial Technology and Management Former
Moorhead State University B.S. In Industrial Technology and Management Former
ITT Corporation Former
University of St. Thomas M.B.A. In Manufacturing Systems Former
Moorhead State University B.S. In Industrial Technology and Management Former

Organization Position Status
Digi International Inc. Senior Vice President, Chief Financial Officer and Treasurer Current
Digi International Inc. Board of Directors Current

Sven A. Wehrwein has been a director of our company since August 2006. He has over 25 years of experience in corporate finance and investment banking, including serving as Chief Financial Officer of InStent Inc. and Digi International. Since 1999, he has provided financial-consulting services to emerging growth companies. Mr. Wehrwein also serves on the Board of Directors of Vital Images, Inc., Synovis Life Technologies, Inc., Image Sensing Systems, Inc. and Van Wagoner Funds, Inc. He holds a Masters of Management degree in Finance from the Sloan School at the Massachusetts Institute of Technology and is a Certified Public Accountant.

Organization Position Status
Digi International Inc. Chief Financial Officer Current
Vital Images, Inc. Director of the Company Current
Image Sensing Systems, Inc. Chair Current
Synovis Surgical Innovations Board of Directors Current
Synovis Caribe, Inc. Board of Directors Current
Corporate Governance Board of Directors Current
Synovis Life Technologies, Inc. Director Current
Synovis Interventional Solutions, Inc. Board of Directors Current
Image Sensing Systems, Inc. Director Current
Vital Images, Inc. Board of Directors Current
Uroplasty, Inc. Director Current
Van Wagoner Funds, Inc. Board of Directors Current
Vital Images, Inc. Financial Consultant Former
MIT Sloan School of Management Master's Former

Larry Kraft joined Digi as Vice President of Americas Sales and Marketing in February 2003. He has responsibility for Americas Sales and worldwide Marketing Communications. Mr. Kraft has 14 years technology and data communications experience. Prior to joining Digi, Mr. Kraft was Vice President of Marketing for Advanced Switching Communications (ASC), a startup where he built a marketing and product management organization. Prior to ASC, while at U.S. Robotics/3Com, Mr. Kraft implemented ISP sales and marketing programs for 56K technology that resulted in over 1,000 ISPs live and a 75% market share within 6 months. He also implemented a new telemarketing and sales closure process resulting in over 500 new customers in 3 months. Prior experiences include Vice President of Marketing for NetFax Inc., Vice President of Marketing for ISDN Systems Corporation, and Group Product Manager for the Internet access program at Sprint Corporation. Mr. Kraft holds a B.S. in Computer Science and an M.B.A., both from Cornell University.

Organization Position Status
Digi International Inc. Senior Vice President of Sales and Marketing Current
NETsilicon Inc. Vice President, Global Marketing Current

Organization Position Status
Digi International Inc. Vice President of Business Development Current

Organization Position Status
Digi International Inc. Vice President of Sales and Marketing, Emea Current

Organization Position Status
Digi International Inc. Vice President of Americas Sales Current

Stephen Popovich, an innovator in the data communications field, has more than 20 years experience in technology sales, operations and marketing. Prior to Digi, Popovich, 46, co-founded Inside Out Networks™ in Austin, Texas, in 1997 and introduced Inside Out Networks’ high-quality enterprise Universal Serial Bus (USB) products only 10 months after the company’s inception. He successfully sold the company to Digi International in October 2000 and is currently responsible for overall management, strategy, new product development and marketing for Digi’s USB product line. Prior to founding Inside Out Networks, Popovich served as regional sales manager for Digi International. In this position, he was responsible for selling Digi’s products within the POS markets. In addition, Popovich served as co-founder and president of LAN Access Corporation, a provider of remote access solutions. LAN Access Corporation was also sold to Digi in 1995. Before founding LAN Access Corporation, Popovich served as general manager and business unit manager for Andrew Corporation and was vice president of operations for Local Data, Inc. In these positions, he was responsible for profit and loss of enterprise connectivity products sold to Fortune 50 companies worldwide. Popovich attended El Camino College in Torrance, California, and California State University.

Organization Position Status
Digi International Inc. Vice President, Business Development Current

Organization Position Status
Digi International Inc. Vice President of Product Management Current
NETsilicon Inc. Director, Product Marketing Current
Digi International Inc. Director, Product Marketing Former

Tracy L. Roberts has served as our Vice President of Human Resources and IT since March 2005 and as a director since June 1999. Ms. Roberts in a progressive human resource professional with the ability to perform in the role of a strategic business partner. Her ability to understand the business and provide excellent leadership has lead to additional responsibilities including performing in the role as the Director of IT since 2004. Prior to joining us, Ms. Roberts served as the Director of Human Resources at Novartis Nutrition Corporation where she was responsible for the medical nutritional business unit. In addition, Ms. Roberts had an extensive career with Cray Research including various roles with Human Resources. Ms. Roberts holds a B.S.B. degree in Management from the University of Minnesota, Carlson School of Management.

Organization Position Status
Digi International Inc. Vice President of Human Resources and It Current
Inside Out Networks Current
Novartis Nutrition Corporation Director of Human Resources Former
University of Minnesota B.S.B. degree in Management Former

Organization Position Status
Digi International Inc. Business Development Director Current

Organization Position Status
Doextra Corp President Current
Inside Out Networks Current
Digi International Inc. Current
Doextra Corp Vice President, Sales Former
Iowa State University sales executive Former
Vista Technologies LLC Former
Digital Equipment Corporation Former
Iowa State University Degree In Computer Science Former

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Organization Position Status
Digi International Inc. Current

Kris Krishnan was named Senior Vice President of Finance, Administration and Accounting and Chief Financial Officer in February 1999. Mr. Krishnan, 45, has more than 20 years experience in all aspects of corporate financial operations. Most recently, he served as a principal with LAWCO Financial and Investment Banking firm in Minneapolis, Minnesota. Prior to LAWCO, Krishnan served for 13 years with the Valspar Corporation as the Director of Corporate Financial Planning and Reporting and Taxes and was primarily responsible for mergers, acquisitions and joint ventures. Mr. Krishnan is a licensed Certified Public Accountant (CPA) and a graduate of the Wharton School of Finance’s Financial Management Program. He holds a M.B.A. from Mankato State University and a B.S. in Chemistry and Biology from Bangalore University in India.

Organization Position Status
Digi International Inc. Current
Inside Out Networks Current
The Valspar Corporation Director of Corporate Financial Planning and Reporting and Taxes Former

Organization Position Status
Maxstream, Inc. Chairman Current
Digi International Inc. Chair Current
EpiCept Corporation Chair Current
Urologix, Inc. Chair Current
Cyberonics, Inc. Chair Current
Life Time Fitness, Inc. Chair Current
Urologix, Inc. Board of Directors Current
Miga Solutions, Inc Board of Directors Current
Life Time Fitness Corporate Wellness Director Current
Apfed Board of Directors Current
Digi International Inc. Member Current
American Institute of Certified Public Accountants Member Current
Life Time Fitness, Inc. Member Current
Urologix, Inc. Member Current
Cyberonics, Inc. Member Current
EpiCept Corporation Member Current
Ernst & Young Former
Digi International Inc. Director Former
Life Time Fitness, Inc. Board of Directors Former
EpiCept Corporation Board of Directors Former
Cyberonics, Inc. Board of Directors Former
Harvard Business School M.B.A. Former
Penn State B.S. In Business Administration Former
The Pennsylvania State University B.S. In Business Administration Former

Ahmed Nawaz is executive vice president of Spansion’s Wireless Solutions Division and is responsible for expanding Spansion’s growth for this division. He also oversees the division’s marketing, platform engineering, infrastructure development and program management functions. He brings 30 years in high-tech, including more than 17 years as an executive to the position. Prior to Spansion®, Nawaz was executive vice president of worldwide sales at Agere Systems. Prior to this, he was president of the integrated circuits division of Lucent's Microelectronics Group, with full responsibility for the company's $2.5 billion IC business. At Lucent, he also led the profitable Wireless, Network Communications, Computing and the Access business units, and global manufacturing operations and was also vice president of marketing and strategy where he was responsible for formulating and driving an applications-focused strategic direction for the Microelectronics Group. Additionally, Nawaz spent 14 years at Texas Instruments, where he held various engineering, applications, marketing and general management positions. He has been a speaker and panelist at many industry conferences, including, SIGGRAPH, NCGA, MicroSystems Forum, and other PC, wireless and communication conferences, and is a member of the board of directors of Digi International. Nawaz holds a master's degree in Electrical Engineering from the University of Missouri and a master's degree in Business Administration from Houston Baptist University.

Organization Position Status
Spansion Inc. Executive Vice President, Wireless Solutions Division Current
Terablaze Executive Vice President, Worldwide Sales Group Current
Digi International Inc. Board of Directors Current
Maxstream, Inc. Board of Directors Current
The Strategy Company President Former

Organization Position Status
Doextra Corp Vice President of Sales Current
Digi International Inc. Board of Directors Current
Maxstream, Inc. Board of Directors Current
Relationship Marketing, Inc. President Former
Catalyst Resources President Former
Relationship Marketing, Inc. Executive Vice President, Sales Former
On Demand Technologies, Inc. Vice President of Sales Former

Organization Position Status
University of Minnesota Professor Current
Cub Foods Current
Ddxprotm Current
The Preservation Company Chairman of the Board Former
Poah, Inc Chairman Former
Local Initiatives Support Corporation Director Former
Columbia University Law School Former

Organization Position Status
Digi International Inc. Secretary Current

Organization Position Status
Digi International Inc. Board of Directors Current

Organization Position Status
Inside Out Networks Current
Dascom Systems Group, Inc Chairman Current
Digi International Inc. Board of Directors Current
Dascom Systems Group, Inc Director Current
Dedicated Computing Director Current
Maxstream, Inc. Board of Directors Current
Telular Corporation Chief Executive Officer Former
Oncor Communications Inc. President Former
Telular Corporation President Former
Oncor Communications Inc. Chief Operating Officer Former
Wisconsin Bell, Inc. Attorney Former
Telular Corporation Chairman Former
Telular Corporation Director Former

Organization Position Status
Cymbet Corp Chief Executive Officer Current
Inside Out Networks Current
Maxstream, Inc. Board of Directors Current
Digi International Inc. Board of Directors Current
Jostens, Inc. Chief Financial Officer Former
Jostens, Inc. Senior Vice President Former
Pillsbury Vice President Former
Long Island University MBA degree Former
Norwich University BA in Economics Former

Executive News

  • Digi Announces First Quarter Winners of its Green Design Competition

    Business Wire - 8/11/09 - View Story

  • Digi Expands AnywhereUSB Product Line with Industry's First Combined USB and Serial over IP Solution and Compact USB Hub

    ECN Asia - 8/10/09 - View Story

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     DGII $9.11 +0.21 (2.36% )
Average Volume 132,301
Shares Outstanding 24.70M
Market Cap 225.0M
Year High 10.87
Year Low 6.26
Earnings Per Share 0.16
P/E Ratio 56.94
Dividend N/A
Yield N/A
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