0001193125-15-353414.txt : 20151026 0001193125-15-353414.hdr.sgml : 20151026 20151026170659 ACCESSION NUMBER: 0001193125-15-353414 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20151026 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151026 DATE AS OF CHANGE: 20151026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGI INTERNATIONAL INC CENTRAL INDEX KEY: 0000854775 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 411532464 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34033 FILM NUMBER: 151175594 BUSINESS ADDRESS: STREET 1: 11001 BREN ROAD EAST CITY: MINNETONKA STATE: MN ZIP: 55343 BUSINESS PHONE: (952) 912-3444 MAIL ADDRESS: STREET 1: 11001 BREN ROAD EAST CITY: MINNETONKA STATE: MN ZIP: 55343 8-K 1 d97814d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

October 26, 2015

Date of report (date of earliest event reported)

 

 

Digi International Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-34033   41-1532464
(State of Incorporation)  

(Commission

file number)

  

(I.R.S. Employer

Identification No.)

11001 Bren Road East, Minnetonka, Minnesota   55343
(Address of principal executive offices)   (Zip Code)

(952) 912-3444

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 7.01 Regulation FD Disclosure.

On October 26, 2015, Digi International Inc. (“Digi”) announced the sale of its Etherios business to West Monroe Partners. A copy of Digi’s press release announcing the Etherios sale is attached hereto as Exhibit 99.1.

Also on October 26, 2015, Digi posted certain information related to the financial impact of the sale of Etherios on Digi’s consolidated financial results on Digi’s website at www.digi.com on the Investor Relations page under “Investor Presentations.”

 

Item 9.01 Financial Statements and Exhibits.

The following Exhibit is furnished herewith:

99.1 Press Release dated October 26, 2015, announcing the sale of Etherios

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

Date: October 26, 2015

 

DIGI INTERNATIONAL INC.
By:  

/s/ Michael C. Goergen

  Michael C. Goergen
  Senior Vice President, Chief Financial Officer and Treasurer

 

3

EXHIBIT INDEX

 

No.

   

Exhibit

   

Manner of
Filing

99.1    Press Release dated October 26, 2015, announcing the sale of Etherios    Furnished
Electronically
 EX-99.1 2 d97814dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Digi International Sells Etherios

West Monroe Partners Acquires Salesforce.com CRM Consulting Business

MINNETONKA, Minn., Oct. 26, 2015 — Digi International®, (NASDAQ: DGII, www.digi.com), a leading global provider of mission-critical machine-to-machine (M2M) and IoT connectivity products and services, today announced the sale of Etherios, a leading Salesforce implementation partner. West Monroe Partners, a full-service North American business and technology consultancy, purchased Etherios for US$9 million in cash payable US$4 million at closing, US$3 million on the first anniversary of closing and US$2 million on the second anniversary of closing.

Etherios is a professional services firm and Salesforce Platinum Partner focused on delivering cloud-based sales excellence solutions specifically tailored for the Salesforce platform. The divestiture of Etherios allows Digi International to improve its focus on providing highly reliable machine connectivity solutions for business-critical and mission-critical application environments. By joining West Monroe Partners, Etherios will be better positioned to pursue an optimal strategic path.

“This is a positive move by both companies. West Monroe gains an award-winning consultancy recognized for its Salesforce-specific expertise, while Digi reinforces its focus on the market opportunity for M2M and Internet of Things connectivity solutions,” said Ron Konezny, president and chief executive officer, Digi International.

Digi International will file an 8K with the SEC and more information will be provided during Digi International’s fiscal fourth quarter and full year 2015 financial results conference call taking place Thursday, October 29, 2015, at 5:00 p.m. ET.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Founded in 1985, we’ve helped our customers connect over 100 million things, and growing. For more information, visit Digi’s website at www.digi.com, or call 877-912-3444 (U.S.) or 952-912-3444 (International).

Media Contact:

Jeff Liebl

Vice President, Chief Marketing Officer

Digi International

952-912-3053

jeff.liebl@digi.com

Investor Contact:

Mike Goergen

Senior Vice President, Chief Financial Officer and Treasurer

Digi International

952-912-3737

mike.goergen@digi.com

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