Mississauga-based SOTI is a world-class information and communications technology (ICT) company, focused on Enterprise Mobility Management, mobile and Internet of Things (IoT) solutions.
The Ontario announced it is partnering with SOTI to speed up the development of their flagship platform SOTI ONE — an initiative that will create 725 new jobs in Mississauga.
SOTI Inc. has over 17,000 enterprise customers in more than 170 countries, managing millions of devices worldwide. Through SOTI ONE, the company solves business-critical ICT mobility challenges for organizations worldwide.
With $31.9 million in grants and repayable loans through Ontario’s Jobs and Prosperity Fund, SOTI will build a new state-of-the-art facility in Mississauga to accelerate the development of their SOTI ONE platform, thus increasing their competitive advantage in Enterprise Mobility Management.
The new facility is expected to be completed by July 2024, resulting in the creation of 725 new jobs, and the support of 410 positions in Mississauga. A total of $170.8 million is being invested into the project, with $138.9 million coming from SOTI and the other $31.9 million coming from the province.
“Mississauga has emerged as a significant force in the provincial and national economy, especially in the ICT sector,” said Amrit Mangat, MPP for Mississauga-Brampton South. “That’s why we are so pleased to partner with high-potential companies like SOTI to boost the City’s competitiveness even further. We look forward to seeing this project help the company’s growth and strengthen Ontario’s economy.”
“We appreciate the Ontario government’s support in SOTI’s rapid expansion plans, as we take our global company from start-up to scale up,” said Carl Rodrigues, President & CEO of SOTI. “Throughout our 20-year history, SOTI has grown into a leader in the ICT sector. This investment is a significant milestone in the ongoing evolution of our company, boosting our competitive advantage, while offering innovation to our valued customers and creating high-value jobs in Mississauga.”