MaxStream acquired for $38.5m
Posted by Joe Polastre on August 3, 2006 at 3:21 PMFiled under: Industry Venture World
MaxStream, makers of 900MHz and 2.4GHz wireless RF modules, has been acquired for $38.5 million by Digi International. Digi makes embedded consoles and devices, and MaxStream seems to be a natural fit. The deal was split half cash and half stock. Based in Lindon, Utah and employing 49 people, MaxStream generated $10.4 million in revenue and $1.3 million in net income, or 12.7% of revenue, in the year ending December 31, 2005. Digi trades with ticker DGII on Nasdaq.
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