Digi International Acquires IoT Cold Chain Provider FreshTemp
Digi International, a global provider of machine-to-machine and Internet of Things (IoT) connectivity products and services, has announced the purchase of FreshTemp, a provider of temperature monitoring and task management solutions for the food industry. The acquired technology will continue to be supported, as well as leveraged within the Digi HoneycombTM solution, to create an advanced portfolio of products for the cold chain market. Terms of the transaction were not disclosed.
Founded in 2011 by CEO Jeff Rieger, FreshTemp has been a pioneering company in creating technology, services and domain expertise in complete food safety and operations management for commercial kitchens. With this acquisition, Digi Cold Chain Solutions will expand its temperature monitoring solutions to incorporate digital task management capabilities to replace traditional manual logbooks and simplify daily restaurant tasks. Organizations will be able to streamline manual operational checklists and provide insight to managers on how well their teams are adhering to restaurant guidelines. As part of the acquisition, Rieger and FreshTemp employees will become part of the Digi Cold Chain Solutions team.
“Our solution sets are extremely compatible and I’m excited to be able to leverage the market presence and scale that Digi offers our customers,” says Rieger. “Together, we’ll be able to accelerate the adoption of our solutions and support the growing demand for technology that ensures businesses are serving safe and quality food.”
“We believe the cold chain market represents a large underserved market that can take greater advantage of wireless sensor networking and IoT capabilities,” says Ron Konezny, president and chief executive officer, Digi International. “We’re going to leverage all avenues - organic growth, partnerships, and acquisitions – to further establish Digi as the expert in providing easy to use and ROI generating cold chain solutions.”
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