Ontario Supporting Over 1,100 Jobs in Mississauga
Province Partners with SOTI to Boost Ontario’s Tech Sector and Economy
Ontario is partnering with SOTI to help accelerate the Ontario company's global growth and build a state-of-the-art facility in Mississauga, creating 725 new jobs and supporting 410 positions in Mississauga.
Amrit Mangat, MPP for Mississauga—Brampton South, made the announcement today on behalf of Steven Del Duca, Minister of Economic Development and Growth, at the company's facility in Mississauga.
SOTI is a world-class information and communications technology (ICT) company focused on Enterprise Mobility Management, mobile and Internet of Things (IoT) solutions. Through their flagship platform, SOTI ONE, the company solves business-critical ICT mobility challenges for leading organizations worldwide.
With support from Ontario's Jobs and Prosperity Fund, SOTI will accelerate the development of the SOTI ONE platform, increasing its competitive advantage in Enterprise Mobility Management by growing its product offering and market-first integrated platform.
Creating good jobs and helping businesses grow is part of the government's plan to support care, create opportunity and make life more affordable during this period of rapid economic change. The plan includes free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation, free tuition for hundreds of thousands of students, a higher minimum wage and better working conditions and free preschool childcare from 2 ½ to kindergarten.
- Ontario is investing $31.9 million in grants and repayable loans through the Jobs and Prosperity Fund, supporting an additional investment of $138.9 million from SOTI Inc. for a total project investment value of $170.8 million. The project is scheduled for completion by July 2024.
- SOTI Inc. has over 17,000 enterprise customers in more than 170 countries, managing millions of devices worldwide.
- The Jobs and Prosperity Fund helps secure private sector investment in Ontario, allowing the government to partner with businesses that are creating jobs and enhancing productivity, innovation and exports. Every dollar invested through the fund leverages an average of $10 in private sector investments. Since January 2013, Ontario has committed over $950 million in projects administered under JPF, leveraging over $12 billion in total investment. This is helping to create and retain approximately 55,000 jobs.
- As part of the Good Jobs and Growth Plan in the 2018 Budget, Ontario will renew, enhance and extend the Jobs and Prosperity Fund with an increase of $900 million over the next 10 years. The fund will support investments designed to help Ontario’s businesses grow, with the aim of creating and retaining over 70,000 jobs in Ontario and leveraging more than $9 billion in private-sector investments.
“SOTI is a home-grown Ontario ICT success story, serving global customers worldwide. It is well positioned to be a key ICT anchor in Toronto-Waterloo corridor. Through our Jobs and Prosperity Fund investment, we are demonstrating how strategic partnerships can help spur innovation, drive economic growth and create high-value jobs. This support will further enhance Ontario’s ICT cluster and bring spin-off benefits to economy, community and sector.”
“Mississauga has emerged as a significant force in the provincial and national economy, especially in the ICT sector. 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. 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.”