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.

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