Softability Grows Profitably and Invests in Augmented Reality Business, New Chairman of the Board Started

Seppo Matikainen Hanna-Kaisa Jauhola | 2017/06/01

Softability’s turnover and profit grew last year and the company continues its profitable growth. “This year Softability invests in Augmented Reality Business”, says Softability Group Oy’s new board chairman Seppo Matikainen (in the picture).

Softability Group Oy’s general meeting elected Seppo Matikainen to be the new Chairman of the Board. He has previously worked for example as Managing Director of WM-data Oy. The former Chairman of the Board Veli-Pekka Teromaa and Softability’s CEO Janne Repo will continue in the Board of Directors.

The new Chairman of the Board relies on Softability’s growth strategy, and he believes that the demand for Augmented Reality solutions will rapidly grow as technologies emerge.

— Year 2017 will be significant in Softability’s 15-year history, because Softability is investing more in its Augmented and Mixed Reality business alongside with the traditional software development, says Seppo Matikainen.

According to Janne Repo, CEO of Softability Group, the growth that began in 2016 will continue this year, and he guarantees that the growth will be profitable. Softability’s core business areas – cloud solutions, software development, embedded systems development and software testing – are still the cornerstones of Softability and enable us to invest in the development of new X-Reality technologies.

— Over the past year, we have gained the leading position in the X-Reality market. Our customers rely on our strong knowhow in adopting new wearable technologies. Augmented and Mixed Reality solutions will support customers’ current business and create completely new business opportunities.  In 2017 the size of the projects using X-Reality technologies will grow and more often these projects contain integration with other enterprise systems and/or cloud services, says Repo.

In 2016 Softability Group Oy’s turnover grew 15% and profit increased from the previous year. Softability’s turnover was 4 MEUR and the net result was 0.3 MEUR. Softability employs currently 50 persons and Repo estimates that the number of employees will grow to around sixty by the end of the year 2017.

Additional information:
Janne Repo, CEO, Softability Group Oyj, janne.repo(a)softability.fi.

Share

Keywords:

You might be interested:

Team Robotics seminar at Softability 12.9.

Nora Nirhamo | 2019/09/02

Softability hosts the next Team Robotics Breakfast Seminar on September 12th at Martintalo, Vantaa. Come and hear more about VIESTI remote support solution, the potential of augmented reality and network with the members of Team Robotics. Warmly welcome!

Read post

Juha Asunmaa is the new Business Unit Executive of XR Studio

Nora Nirhamo | 2019/07/04

At 2016 Softability expanded its business to X-Reality technologies, and during the past couple of years the XR customer projects and the interest towards our own developed VIESTI remote support solution has been keeping XR Studio very busy. As the business has grown, Softability decided to hire a Business Unit Executive for XR Studio. Welcome to the team Juha Asunmaa!

Read post

HoloLens application created for Perho was developed closer to a daily education use

Nora Nirhamo | 2019/06/18

In the beginning of the year Softability created virtual learning environment with HoloLens application for Perho Culinary, Tourism & Business College. The application guides and instructs user to complete different work stages. As a further development Softability created web based content editing tool for the HoloLens application, so Perho can change and add content into the application by themselves.

Read post

AI technologies enable analysing video data from VIESTI remote support solution to improve work safety

Nora Nirhamo | 2019/05/14

Artificial intelligence (AI) is a relevant part of technology industry today! The AI Tomorrow 2019 event in May focuses on presenting business opportunities with AI through real life case examples and Softability will be attending as one of the partners. See you there!

Read post

Learnings from the VRX Europe 2019

Nora Nirhamo | 2019/04/29

Softability´s Mikael Bowellan participated in the VRX Europe 2019 in Amsterdam where current situation and future of VR, AR and MR industries were exposed. In this article we are presenting what we learned from the conference and where the industry is going.

Read post

Softability Group Oy will be changed on 05/01/2019 to Softability Oy

Nora Nirhamo | 2019/04/26

Our business name Softability Group Oy will be changed on 05/01/2019 to Softability Oy.

Read post

X-Reality is a growing part of business

Nora Nirhamo | 2019/04/18

X-Reality technologies belong to the top ten most important technology trends during the next five years. Softability´s Mikko Luukkonen presented in the “Technological breakthrough and possibilities for schools and companies” event why companies should invest X-Reality technologies already now.

Read post

Hobbyism is important in software development – Softability supports its employees´ hobby activities

Nora Nirhamo | 2019/04/12

Softability supports its employees´ constant learning and one of the important supporting sectors is the employees´ hobby activities. This year Softability is supporting ComBounD Hackathon, organized in ComBounD lan event, where a couple of Softability employees are members of the team. The event is held in Salo IoT Campus on April 19th-21st!

Read post

Softability is participating in the IoT Nordic Week on 9.-10. April

Nora Nirhamo | 2019/04/05

Internet of Things 2019 conference takes over Kattilahalli in Sörnäinen during 9th and 10th of April 2019! Softability is participating as a one of the partners showcasing X-Reality solutions. If you are interested in how to take advantage of AR, MR or VR in your business, then come and check out our X-Reality demos! Our stand is located in Kattilahalli Main Lounge. See you there!

Read post