Daybreak Capital Partners is pleased to announce that it served as investment banker to Ctek, Inc. in connection with the sale of its business on July 1, 2021 to $700 million publicly-traded Digi International, Inc. (NASDAQ: DGII).
Ctek, Inc. (the “Company”) is a provider of premier “intelligent edge” industrial IoT automation (“IIOT”) devices and cloud monitoring solutions sold primarily through OEMs to a variety of industrial, commercial and government clients. The Company’s wireless SCADA devices are deployed at the network edge, directly connect to industry-standard sensors, and communicate with its mobile apps and cloud solutions without additional servers or systems. Its solutions are differentiated in the market by offering a rugged, industrial-grade hardware platform that is flexibly deployable in large-scale installations, pre-loaded with “quick-install” industry-specific configurations, highly scalable, can seamlessly integrate with existing systems, and provide connectivity via cellular carriers globally.
The Company deploys its products in applications such as agriculture/ smart farming, cold chain management; water and waste-water management, power generation, industrial and commercial security, transportation, parks and entertainment venues. Additional information on the Company can be found at www.ctekproducts.com.
Digi International, Inc. (“Digi”) is a leading global provider of mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products, services, and solutions. Digi helps create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments. Digi’s products and services include off-the-shelf routers, gateways and other embedded and networking systems; in addition to IOT cloud-based software and professional services. Digi is based in the Minneapolis, MN and was founded in 1985. Since inception Digi has helped their customers connect over 100 million devices and counting, additional information on Digi can be found at www.digi.com.
Daybreak Capital Partners – “Run by CEOs to Serve CEO’s” is a specialty investment banking firm predominately serving companies in the middle and lower middle markets. The firm is founded on the premise that senior level investment banking service combined with expert industry specialists will produce distinguished results for our clients in the marketplace. (www.DaybreakCapital.com)