Digi International Inc. has acquired all the assets of the U.S., Indian and Singapore affiliates of MobiApps Holdings Private Ltd (MobiApps), a developer of machine-to-machine (M2M) communications technology, focusing on satellite, cellular, and hybrid satellite/cellular solutions. MobiApps employs 63 people in India, Singapore, and the United States with a vast majority based in its India headquarters in Bangalore. The asset purchase positions Digi with satellite products and technologies that complement its wireless M2M strategy. MobiApps has a strong technology and product position in the Orbcomm satellite ecosystem.
"Our wireless M2M customers are increasingly asking for satellite as a communications option to complete their coverage model," said Joe Dunsmore, Chairman, President, and CEO of Digi. "We're looking forward to moving MobiApps products into Digi's strong global sales and distribution network. We believe satellite M2M will be a high growth opportunity for the foreseeable future."
MobiApps recently introduced a new generation of products based on its own custom designed and patented mixed signal application specific integrated circuit (ASIC), which dramatically reduces the complexity and improves performance of satellite M2M system solutions. Satellite M2M applications include fleet management, marine vessel tracking, container tracking, agricultural monitoring, energy management, and remote field service applications. Satellite is especially suited to applications that cross country and continental boundaries, providing connectivity in very remote locations, and providing mission critical wireless backup solutions when cellular coverage is insufficient. MobiApps also has cellular and hybrid cellular/satellite products packaged with various asset tracking management services, including employee tracking, focused on markets in India and Southeast Asia.
MobiApp's India presence positions Digi to be much stronger in this targeted international growth market. MobiApps employs 53 people in India, including sales, marketing, and administrative staff, as well as approximately 30 engineers with strong wireless expertise. This cross-functional group of talented people provides a strong foundation for growth in India and Southeast Asia.
"MobiApps is known for its leading edge satellite technology products and solutions built around its patented mixed-signal ASIC. With the resources, scale and market presence of Digi now underpinning MobiApps' technology expertise, it will be in a position to take greater advantage of the growth opportunities that M2M markets offer around the world," said Taroon C. Kamdar, CEO, MobiApps.
Digi International
MobiApps
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