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Wednesday, June 10, 2009

Satellite M2M from Digi deal

Digi International has entered the market for satellite machine-to-machine (M2M) links with the $3m acquistion of the assets of Indian company MobiApps.
MobiApps employs 63 people in India, Singapore, and the US with a vast majority based in its India headquarters in Bangalore with a strong technology and product position using the Orbcomm satellite system.
"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 ASIC chip, which dramatically reduces the complexity and improves performance of satellite M2M system solutions such as fleet management, marine vessel tracking, container tracking, agricultural monitoring, energy management, and remote field service applications.
Digi expects to immediately functionally integrate MobiApps with current MobiApps CEO Taroon Kamdar facilitating the integration process with the Digi management team over the next several months.

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