SOTI pledges to invest $150 million in Canada
November 4, 2015
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SOTI Inc. CEO Carl Rodrigues has announced that the company will invest $150 million in Canada over the next three years, including a $50 million investment in research and development, more than 300 new jobs, and a new five-acre high-tech campus.
“For two decades, SOTI’s strong technology leadership and Canadian innovation has helped shape the future of mobile technology around the globe, with more than 20 million devices under SOTI management today,” said Rodriguez.
SOTI, a provider of Enterprise Mobility Management (EMM) and Bring Your Own Device (BYOD) offerings, recently opened a Research and Innovation Lab (SOTI RIL) in Waterloo, Ont.
“Building on this commitment to tech innovation, in the next three years, the company is making R&D investments totaling $50 million in Canada to reflect its focus on advanced mobility management technologies and leading-edge Internet of Things (IoT) solutions, for the benefit of SOTI’s 15,000 global customers,” Rodrigues said.
Key highlights of the announcement include:
* 300 new jobs in Canada in the next three years: With a 30% annual increase in Canadian-based staff in the last year, SOTI said it will add approximately 300
net new jobs in Canada during the next 36 months. The majority of the new positions are in engineering and software development roles focused on tech-centric innovation.
* 53% year-over-year increase in revenue in FY15: The company has posted a 53% revenue growth in its most recent fiscal year ending July 31st, 2015, contributing to strengthening Canadian knowledge capital and the economy.
* Two decades of profitability: SOTI announced its 20th year of consecutive profitability as a private company, with no external funding.
* New 150,000 square foot facility: SOTI’s expanding workforce also requires additional office space. In the spring of 2016, SOTI will break ground on its new five-acre Mississauga campus and headquarters.
The announcement came at the company’s first SOTI SYNC user conference held this week in Toronto. Further coverage of the event will appear on the Connections+ web site soon and in an upcoming issue of the magazine.