Digi Acquires Spectrum Design Solutions Inc., a Leading Wireless Design Services Firm (Business...

Wednesday July 23, 4:05 pm ET Adding Wireless Design Services to Digi's Drop-in Networking Offering Enables Digi to Bring Wireless Customers to Market Faster MINNETONKA, Minn.--(BUSINESS WIRE)--Digi International® Inc. (NASDAQ: DGII - News ) today announced the acquisition of Spectrum Design Solutions Inc., a privately held Minneapolis based corporation and a leading wireless design services organization. The acquisition is a cash merger, with $4.0 million payable at the acquisition date and $3.0 million to be paid at each of the eighteenth and thirty-six months following acquisition. Spectrum Design Solutions Inc. is a design services company with a focus on solving customer’s wireless development challenges. Employing over 30 highly specialized engineers with extensive experience in wireless technologies such as GSM, CDMA,... [read full story]