Digi International Inc. announced its acquisition of Jolt Software, Inc. for approximately $145.5 million in cash.
The acquisition aims to advance operational intelligence and compliance automation across various industries.
Jolt's platform will be integrated into SmartSense to enhance IoT-driven capabilities and expand market footprint.
Significant Acquisition
Digi acquired Jolt Software, a leading solutions provider in the convenience store and food and beverage industries.
ARR Growth
Jolt generated over $20 million in ARR and is expected to accelerate Digi's annual recurring revenues.
Synergies and Benefits
The acquisition is expected to be immediately accretive to earnings and generate $11 million in annualized adjusted EBITDA by 2026.
- The acquisition positions Digi to deepen customer engagement and drive ARR growth.
- Integration of Jolt's platform with SmartSense's capabilities creates opportunities for automation and efficiency.
- Customers can expect enhanced compliance, operational risk reduction, and improved performance across multi-site operations.
The acquisition of Jolt marks a strategic move for Digi International towards market expansion and operational excellence.