Minneapolis, MN, October 17, 2007) - Digi International® Inc. (NASDAQ: DGII) was named one of "America's 200 Best Small Companies" by Forbes magazine.
Approximately 2,400 other small public companies, whose revenues were between $5 million and $750 million, with share prices above $5.00, were considered for the honor. "Our 200 Best Small Companies in America must pass through a gauntlet to qualify for the list," the article stated. "It takes more than solid books to make the cut." In addition to revenue and share price, return on equity, sustained sales, and net profit growth over twelve-month and five-year periods were also determining factors. Forbes excluded companies from the running that demonstrated "too much debt, signs of a downturn in the future or a whiff of legal troubles."
"We are very pleased with the Forbes 'Top 200' Ranking based on five-year performance," said Joe Dunsmore, Digi's Chief Executive Officer. "Given our new wireless Drop-in Networking products, we believe that we have the business momentum to continuously improve our performance over the next five years. Further, we believe we have the talented team necessary to do it."
Overall, Digi was ranked152nd.
About Forbes
Forbes is an American publishing and media company. Its flagship publication, Forbes magazine, is published bi-weekly. Its primary competitors in the national business magazine category are Fortune, which is also published bi-weekly, and BusinessWeek. Today the magazine is known for its lists, including its lists of the richest Americans (the Forbes 400) and its list of billionaires.
Forbes USA in 1964 and his brother Malcolm Stevenson Forbes (1917–1990) became Editor-in-Chief and Publisher.
On Malcølm's death, his eldest son Malcolm Stevenson "Steve" Forbes Jr. (1947–) became President and Chief Executive of Forbes and Editor-in-Chief of Forbes magazine.. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. In 2006, an investment group that includes rock star Bono bought a minority interest in the company.
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