I have a soft spot for Canadian tech companies. So when the news hit the wires that Mississauga ON based SOTI Inc. was investing $150 million over the next three years to expand its offices and double its global work force of 450 people, it caught my attention. Here’s a overview of what that $150 million is going to go towards from the press release:
- 300 new jobs in Canada in the next 3 years: With a 30 percent annual increase in its Canadian-based staff in the last year, SOTI 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 percent year-over-year increase in revenue in FY15: The company has posted a 53 percent 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. With a modern design aesthetic built to inspire creativity and employee collaboration, the state of the art facility will include an indoor recreation facility, onsite employee amenities and a commitment to sustainable materials.
Now I’ve covered SOTI on a few previous occasions, and I have to say that they appear to be poised to be Canada’s next tech superstar as they are uniquely positioned to not only fill the void left by BlackBerry, but to also take on the likes of Mobile Iron, Citrix, and AirWatch in the enterprise mobility management space and win. Take it from me. These guys are the real deal and are very much worth keeping tabs on as they’re going places.
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This entry was posted on November 3, 2015 at 9:52 am and is filed under Commentary with tags SOTI. You can follow any responses to this entry through the RSS 2.0 feed.
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Canadian Tech Company Commits To Making A $150 Million Investment In Canada
I have a soft spot for Canadian tech companies. So when the news hit the wires that Mississauga ON based SOTI Inc. was investing $150 million over the next three years to expand its offices and double its global work force of 450 people, it caught my attention. Here’s a overview of what that $150 million is going to go towards from the press release:
Now I’ve covered SOTI on a few previous occasions, and I have to say that they appear to be poised to be Canada’s next tech superstar as they are uniquely positioned to not only fill the void left by BlackBerry, but to also take on the likes of Mobile Iron, Citrix, and AirWatch in the enterprise mobility management space and win. Take it from me. These guys are the real deal and are very much worth keeping tabs on as they’re going places.
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This entry was posted on November 3, 2015 at 9:52 am and is filed under Commentary with tags SOTI. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.