Digi International Acquires Particle Industries for $50 Million

Digi International Acquires Jolt Software

August 20, 2025

Cloud & SaaS

Digi International acquired Jolt Software for approximately $145.5 million in cash and will integrate Jolt into its SmartSense business to advance operational intelligence and compliance automation across foodservice, grocery, convenience and healthcare verticals. Jolt generated over $20 million in ARR and the acquisition is expected to accelerate ARR growth, deliver roughly $11 million of annualized adjusted EBITDA synergies by end of 2026, and be immediately accretive to adjusted EPS.

BroadOak Leads Acquisition of Particle Dynamics from Edgewater Capital Partners

September 29, 2021

Healthcare Services

Particle Dynamics, a U.S.-based specialist in particle processing and finished-dose manufacturing for pharmaceutical, OTC and nutraceutical customers, was sold by Edgewater Capital Partners to a new investor group led by BroadOak Capital Partners with Research Corporation Technologies and Farragut Capital Partners. The transaction (announced September 29, 2021) creates a new ownership group that aims to accelerate the company’s growth and expand its capabilities at its U.S. GMP, FDA-inspected facilities.

Digi International Acquires Haxiot

March 29, 2021

Telecommunications

Digi International acquired Dallas-based Haxiot, a provider of LoRaWAN modules, gateways and the X-ON cloud IoT platform, to expand its embedded systems and LoRaWAN capabilities. The acquisition expands Digi’s product portfolio across modules, gateways, network-server and SaaS offerings to serve utilities, oil & gas, industrial and supply-chain customers.

Palo Alto Networks Acquires Dig Security

October 31, 2023

Cybersecurity

Palo Alto Networks has completed the acquisition of Israel-based Dig Security (Dig Security Solutions Ltd.), a provider of Data Security Posture Management (DSPM) technology, integrating its capabilities into the Prisma Cloud platform. The deal was announced completed on Dec. 5, 2023; media reports put the purchase price at about $400 million.

DigitalOcean Acquires Paperspace

July 6, 2023

Cloud & SaaS

DigitalOcean Holdings, Inc. has acquired Paperspace for $111 million in cash. The acquisition integrates Paperspace's GPU-powered cloud infrastructure and AI/ML tooling into DigitalOcean's platform to broaden AI/ML and GPU capabilities for SMB and startup customers.

Wind River Acquires Particle Design to Bolster Wind River Studio UI/UX

September 20, 2021

Software

Wind River has acquired user experience research and design agency Particle Design, making Particle a wholly owned subsidiary to enhance UI/UX and cognitive UI capabilities within Wind River Studio. The terms were not disclosed; the acquisition is intended to expand Wind River Studio's AI/ML-driven UX and accelerate the platform's user experience capabilities across industries such as automotive, electronics, medical and transportation.