Digi International Acquires Etherios, a Leading Cloud Computing Services Provider
MINNETONKA, Minn.--(BUSINESS WIRE)-- Digi International (DGII) today announced the purchase of Chicago-based Etherios, Inc., a salesforce.com Platinum Partner and creator of The Social Machine®, a revolutionary new cloud-based method for integrating machines into core business processes via the Salesforce Service Cloud. Combining the iDigi® Device Cloud" with The Social Machine® will enable almost any machine, anywhere in the world, to connect rapidly and easily to the Service Cloud. By enabling real-time machine interactions with organizations workflows, customers will be able to benefit dramatically through improved asset management, greater machine uptime and the ability to offer proactive customer service.
Etherios is a world-class cloud computing services provider with a proven track record of successful domestic and global deployments, said Joe Dunsmore, CEO, Digi International. We believe Digis deep device expertise combined with Etherios ability to integrate devices directly into an organizations core business processes via the industrys leading cloud-based CRM system can be an M2M game changer.
Etherios helps transform organizations through the implementation of cloud computing technologies. Etherios delivers success to its global customer base by providing operational strategy, technical design and architecture, implementation and change management services.
The combination of Digi and Etherios provides us with an exciting opportunity to deliver unmatched expertise in the M2M market, said Mike Dannenfeldt, CEO, Etherios. We believe when we combine Digi's device knowledge and iDigi Device Cloud with The Social Machine® it will serve as a positive, disruptive force in the industry. We are thrilled to be joining with Digi to deliver highly innovative solutions to benefit our combined, global customer base."
Etherios most recent innovation, The Social Machine®, enables organizations to extend the Customer Relationship Management (CRM) system out to the connected asset. Through real-time monitoring of connected assets, The Social Machine® is able to proactively create and route cases based on alerts, alarms and errors through workflows and escalation rules defined specifically by asset type.
About Digi International
Digi International is the M2M solutions expert, combining products and services as end-to-end solutions to drive business efficiencies. Digi provides the industrys broadest range of wireless products, a cloud computing platform tailored for devices and development services to help customers get to market fast with wireless devices and applications. Digis entire solution set is tailored to allow any device to communicate with any application, anywhere in the world. For more information, visit Digi's website at www.digi.com, or call 877-912-3444.
Etherios is a cloud computing expert services provider and has helped many organizations realize their IT strategy around cloud computing for CRM, system integration, training, and custom application development. Etherios has solution centers in both Chicago and Dallas providing management consulting, enterprise cloud development & training services from coast to coast in the US and abroad. Learn more at www.etherios.com.
Forward Looking Statements
This press release contains forward-looking statements that are based on managements current expectations and assumptions. These statements often can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "may," "will," "expect," "plan," "project," "should," or "continue" or the negative thereof or other variations thereon or similar terminology. Among other items, these statements relate to expectations about how the acquisition of Etherios will enhance the Companys position in the marketplace for machine-to-machine communications and networking. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, including risks related to the highly competitive market in which our company operates, rapid changes in technologies that may displace products sold by us, uncertainty in user acceptance of our products, the ongoing shift of our sales efforts to focus more on the delivery of broader based solutions which can be a more complex sales process, has not been a historical sales focus of our company and can involve longer sales cycles than the sale of our legacy hardware products, the ability to integrate our products and services with those of other parties in a commercially accepted manner , uncertainty in economic conditions which could negatively affect product demand and the financial solvency of customers and suppliers, and the ability to achieve the anticipated benefits and synergies associated with the acquisition. These and other risks, uncertainties and assumptions identified from time to time in our filings with the Securities and Exchange Commission, including without limitation, our annual report on Form 10-K for the year ended September 30, 2011, our quarterly reports on Form 10-Q and other filings, could cause the company's future results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Many of such factors are beyond our ability to control or predict. These forward-looking statements speak only as of the date for which they are made. We disclaim any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
All brand names and product names are trademarks or registered trademarks of their respective companies.
Jeff Eltringham, (952) 912-3444
Mulberry Marketing Communications
Matt Serra, (904) 355-8680
Source: Digi InternationalCopyright Business Wire 2012