Who Owns Digi Company?

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Who Really Owns Digi Company?

Understanding the ownership of a company is paramount for investors and strategists alike. Knowing the major stakeholders and their influence provides critical insights into a company's future. This analysis uncovers the ownership structure of Digi International Inc. (NASDAQ: DGII), revealing its evolution from its inception to its current standing in the dynamic IoT market. Explore the Digi SWOT Analysis to gain further insights into the company's strategic position.

From its roots as DigiBoard to its current status as a publicly traded entity, the Digi Company ownership structure has undergone significant transformations. This exploration of Digi shareholders, including the influence of its parent company, will help you understand the strategic direction of this leading provider of IoT solutions. Discover the details of Digi owner, including its major investors and the impact on its market performance. This deep dive into Digi Group's ownership will equip you with the knowledge to make informed decisions.

The story of Digi Company ownership begins in 1985 with its founding in Minnetonka, Minnesota. Initially known as DigiBoard, the company was established by Mark Cote, Stuart Leibowitz, and David Gartner. Joel Young and Ron Konezny are also cited as founders. Their initial focus was on developing technology to connect terminals to mainframe computers.

In its first year, DigiBoard achieved sales of $1.5 million, demonstrating early market traction. Despite a loss in 1986, the company pursued a public offering in 1987, raising capital that fueled subsequent growth. This early financial maneuvering set the stage for Digi's evolution.

A second public offering in October 1989, under the new parent organization, Digi International, saw the company raise $11 million. This move marked a significant step, with shares beginning to trade on NASDAQ. By the end of 1989, Digi's sales had reached $14.6 million.

Early Ownership Details

While the founding of Digi Company is well-documented, specific details regarding the initial equity split among the founders and early investors are not readily available in the provided sources. Information on early agreements, such as vesting schedules or buy-sell clauses, is also unavailable. Understanding the company's ownership structure provides insights into its strategic direction and financial health. For a broader view, consider the Competitors Landscape of Digi.

• The company's initial focus was on developing multiport serial boards for connecting terminals to mainframe computers.
• DigiBoard achieved sales of $1.5 million in its first year.
• A public offering in 1987 helped sales grow to $3.5 million.
• In October 1989, Digi International raised $11 million through a public offering.

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The ownership structure of Digi International Inc. has evolved since its initial public offering in 1989, when it was listed on the NASDAQ Global Select Market under the ticker symbol DGII. The company's ownership has shifted over time, with a significant portion held by institutional investors. Understanding the dynamics of Digi Company ownership is crucial for investors and stakeholders alike. The company's history, including its evolution, is detailed in the Brief History of Digi.

As of May 30, 2025, institutional investors held approximately 100.01% of the shares, while insiders held around 3.95%. However, other data indicates that approximately 85.31% of the company's stock is owned by Institutional Investors, 2.95% by Insiders, and 11.73% by Public Companies and Individual Investors. The reported institutional ownership as of June 2, 2025, is 71.70%. These figures highlight the significant influence of institutional investors on the company's direction.

Major institutional shareholders as of June 3, 2025, include BlackRock, Inc., Conestoga Capital Advisors, LLC, Vanguard Group Inc, and iShares Core S&P Small-Cap ETF. Other significant institutional holders include Dimensional Fund Advisors Lp, Earnest Partners Llc, Fmr Llc, and Geneva Capital Management Llc. In May 2025, institutional holdings increased by 0.3812%. This information is essential for those seeking to understand who owns Digi and the influence of these major investors on the company's strategic decisions.

Key Takeaways on Digi Company Ownership

Institutional investors hold a significant majority of shares in Digi International Inc.

• The ownership structure has evolved since the company went public.
• Major institutional shareholders include BlackRock, Vanguard, and others.
• Understanding Digi shareholders is crucial for assessing the company's direction.
• The company's acquisitions have altered its structure and market position.

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The current board of directors is responsible for overseeing the business operations of Digi International. The board's size is determined by the board itself, with a minimum of three directors required. As of December 13, 2024, the board members included Satbir Khanuja (Non-Executive Chairman), Ron Konezny (President and CEO), Chris Heim, Sam Lazarakis, Hatem Naguib, Valerie Heusinkveld, and Allison West Hughes. Valerie Heusinkveld and Allison West Hughes were nominated in December 2024 and were to be voted on by stockholders at the annual meeting on February 3, 2025. Sally Smith retired from the board following the February 3, 2025, annual meeting.

Directors typically serve three-year terms and are divided into three classes. This structure helps ensure continuity and experience on the board. Understanding Marketing Strategy of Digi is essential for investors to understand how the company is positioned in the market.

Digi International's common stock is the only outstanding voting security. As of December 9, 2024, there were 36,867,240 shares of common stock issued and outstanding. Each share is entitled to one vote. For director elections, a majority of votes cast is required. The company does not anticipate a contested election at the 2025 Annual Meeting of Stockholders. The company's Certificate of Incorporation includes a 'fair price' provision, requiring majority stockholder approval for certain business combination transactions with interested parties, which cannot be changed without an 80% vote of outstanding voting stock. This structure impacts Digi Company ownership and the rights of Digi shareholders.

Voting Power and Ownership Structure

Understanding the voting rights and ownership structure is crucial for anyone interested in Digi Company ownership.

• Each share of common stock has one vote.
• Majority vote needed to elect directors.
• 'Fair price' provision requires 80% vote for certain transactions.
• Knowing Who owns Digi is key for investors.

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Over the past few years, the ownership structure of Digi Company has seen some interesting shifts. In fiscal year 2024, the company reported a record end-of-quarter Annual Recurring Revenue (ARR) of $116 million, demonstrating strong performance. The company's revenue for fiscal year 2024 reached $424 million, reflecting a solid financial position. These figures are important for understanding the overall financial health of the company and how it impacts Digi Company ownership.

Leadership changes during 2024 also influenced the company's direction. New appointments included Patrick Quirk as Senior Vice President and General Manager of Opengear in September 2024, and Tony Puopolo as Senior Vice President, General Manager of Digi Managed Solutions in May 2024. Dane Surkamer became Vice President of Global Channel Sales in August 2024, and Landon Reese was appointed Vice President of Product Management in Digi Managed Solutions in July 2024. These changes aim to drive innovation and growth, which could affect the company's ownership and shareholder value.

Institutional investors currently hold a significant portion of Digi Company's shares. As of May 2025, institutional ownership stood at approximately 100.01%. There was a slight increase of 0.3812% in institutional holdings during that month. Insider holdings saw a minor decrease, from 3.96% to 3.95% in May 2025. Recent insider transactions in late 2024 and early 2025 included sales by Terrence G. Schneider, Satbir Khanuja, and David Sampsell. The company continues to focus on strategic acquisitions as a top capital priority, while also managing inventory levels and deleveraging the company. For more details, you can explore the Digi Company ownership structure.

Digi Shareholders

The majority of Digi Company is held by institutional investors. These investors play a crucial role in the company's strategic direction and financial performance. Understanding the shareholder base provides insights into the company's stability and future prospects.

Digi Parent Company

Digi Company operates independently. The ownership structure is primarily influenced by institutional and insider holdings. The company's focus on strategic acquisitions and financial management impacts its overall financial health.

Digi Owner

The primary owners of Digi Company are institutional investors. These investors hold a significant portion of the company's shares, influencing its strategic decisions and financial outcomes. The company's focus on growth and acquisitions is key.

Digi Group

Digi Company's financial health and strategic direction are influenced by its ownership structure. Institutional investors and insider holdings play a significant role. The company's performance in fiscal year 2024 highlights its financial strength.

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