Digi International Inc. (NasdaqGS:DGII) is looking for acquisitions. Ronald Konezny, President and CEO said, "Now we can move more strongly into paying down debt, giving us more capacity for the right opportunities. So we are working as hard as ever on sourcing and developing potential acquisition targets.

But I'd say again, we're still, I think, pretty disciplined on making sure it's the right opportunity. It's got the right value proposition and Digi can help Digi succeed, but also improve our model. In particular, we look at companies that have a significant amount of annualized recurring revenue that are growing, that are profitable, and we have a right to partner with them".