Deals

TempAlert Acquired by Digi International
Date: 
Monday, October 23, 2017
Location: 
Boston
Categories: 
B2B
Hardware & Robotics
IoT
Other
Deal Type: 
Acquisition

Digi International®, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) products and services, today announced that it has acquired TempAlert, a provider of automated, real-time temperature monitoring and task management solutions for the healthcare, industrial and foodservice industries. TempAlert will join the Digi Smart Solutions™ team. Digi purchased Boston-based TempAlert for $45 million in cash plus future earn out incentives. 

With its origins at the Massachusetts Institute of Technology, TempAlert is now in use at more than 20,000 customer sites including Walmart, CVS Health, SpaceX, Apple, Coca-Cola, McDonald’s, and the U.S. Department of State. With its fourth strategic acquisition in 24 months, Digi is a leader in the space with nearly 35,000 customer sites and a deep presence in the healthcare, transportation, industrial and foodservice markets. In aggregate, the Digi Smart Solutions team offers more than 25 years of condition-based monitoring experience gained through managing more than 6 billion sensor readings... READ MORE