Digi (DGII) Acquires MobiApps, Enters Market for Satellite Subscriber Communicators for ORBCOMM (ORBC) Network
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ORBCOMM Inc. (Nasdaq: ORBC) announced that Digi International Inc. (NASDAQ: DGII) has entered the market for satellite Subscriber Communicators for the ORBCOMM network with its recent purchase of MobiApps Holdings Private Limited (MobiApps). MobiApps is a developer of M2M communications technology, focusing on ORBCOMM satellite, cellular and hybrid satellite/cellular solutions.
"We are very proud to welcome Digi as a manufacturer of Subscriber Communicators for the ORBCOMM global M2M network," says Marc Eisenberg, CEO of ORBCOMM. "We continue to be impressed by the innovation that MobiApps brings to Subscriber Communicator design. Now, under the Digi umbrella, that technology can reach a larger market. As a leader in M2M, Digi brings considerable expertise in product design and distribution, with a strong presence throughout the world."
"...We believe that satellite M2M will be a high growth opportunity for the foreseeable future."
ORBCOMM is a global satellite data communications company, focused on Machine-to-Machine (M2M) communications. [SM]
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