Digi International Inc. Named One Of America's 100 Fastest Growing Small Public Companies By Fortune

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9th July 2009, 11:59pm - Views: 910





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MEDIA RELEASE PR35349


Digi International Inc. Named One Of America's 100 Fastest Growing Small Public Companies By

Fortune Small Business


MINNETONKA, Minn., July 9 /PRNewswire-Asia-AsiaNet/ --


FSB 100 Companies Outperformed Stock Market By Wide Margin; Avg. 9.8% For The Year

 


named one of "America's 100 Fastest Growing Small Public Companies" by Fortune Small Business.




    In the July/August 2009 edition of the magazine, Digi was named number eighty-nine on FSB 100 list of

American-based publicly traded companies with annual revenues of less than $200 million and a stock price

greater than $1. Among the other criteria for making the ninth annual Fortune Small Business list,

companies were ranked according to stock performance and revenue growth over the past three years.

This year, the FSB 100 introduced a new requirement that companies must not have experienced any

negative growth over the most recent four quarters.

 

    "In good times the FSB 100 constitutes an elite group of small public companies: the best of the best,

measured by revenue growth and stock performance over the past three years," write the editors of Fortune

Small Business. "But in this Great Recession, their performance is nothing short of miraculous." 

 

    The article goes on to explain that the FSB 100 companies outperformed the stock market by a wide

margin, with this year's stocks posting an average annual return of 9.8% for the year ended May 31, 2009,

compared with an annual loss of 28.6% for the Russell microcap growth index. Technology stocks

continued to dominate the FSB 100, with thirty companies appearing on the list, as compared with twenty-

five in 2008.

 

    "We are delighted to be included on the Fortune Small Business list and appear among such noteworthy

companies," said Joe Dunsmore, Digi's Chief Executive Officer. "This honor validates our strategy of

increasing our focus upon wireless solutions. With success in verticals ranging from energy to fleet

management, our wireless business has shown steady growth even in the face of the economic downturn."

 

    For more news and information on Digi International(R) Inc., please visit

http://www.IRGnews.com/coi/DGII where you can find the CEO's video, a fact sheet on the company,

investor presentations, and more.

 

    About Digi International


    Digi International is making wireless M2M easy by developing reliable products and solutions to connect

and securely manage local or remote electronic devices over the network or via the Web. Digi offers the

highest levels of performance, flexibility and quality, and markets its products through a global network of

distributors and resellers, systems integrators and original equipment manufacturers (OEMs). For more

information, visit Digi's Web site at http://www.digi.com , or call +852-2833-1008.

     

    All brand names and product names are trademarks or registered trademarks of their respective

companies.


    Press Contacts:


     Kylie Chan

     Channel Marketing Manager, Asia Pacific 

     Digi International    

     Tel:   +852-2833-1008

     Fax:   +852-2572-9989 

     Email: kylie.chan@digi.com


SOURCE  Digi International


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