MINNEAPOLIS, July 8 /PRNewswire/ -- Digi International Inc. (Nasdaq: DGII), the leading provider of server-based, remote access communications solutions, today announced that it has completed the previously announced acquisition of privately held Central Data Corporation, Champaign, Ill.

Central Data, an innovator of high-performance serial port solutions for local and remote access connectivity, including a full line of Universal Serial Bus (USB) products, has annualized revenues of approximately $15 million.

Under terms of the acquisition, 220,000 shares of Digi common stock worth approximately $4.5 million (based upon Digi's June 30 closing price of $20.25) and $13.5 million in cash will be exchanged for the outstanding shares of Central Data. The sale will be accounted for under the purchase accounting method. Digi expects that a significant amount of the purchase price will be written off in the quarter ending September 30, l998, as acquired-in-process research and development.

Digi is a leading ISO 9001-compliant provider of data communications hardware and software that delivers seamless connectivity solutions for open systems, server-based remote access and LAN markets. For more information, visit Digi's Web site at http://www.dgii.com or call 800-344-4273 (U.S.) or 612-912-3444 (International).