Search company, investor...
Search
SOTI company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

soti.net

Stage

Grant | Alive

Total Raised

$24.78M

Last Raised

$24.78M | 4 yrs ago

About SOTI

SOTI is a mobility and IoT management company. It enables clients' strategies for mobile devices, applications, content, as well as endpoints for the Internet of Things.l

SOTI Headquarters Location

5770 Hurontario Street Suite 1100

Mississauga, Ontario, L5R 3G5,

Canada

905-624-9828

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

SOTI Patents

SOTI has filed 2 patents.

The 3 most popular patent topics include:

  • Internet of things
  • Network protocols
  • Wireless networking
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/2/2020

11/9/2021

Network protocols, Network management, Wireless networking, Internet of things, Computer networking

Grant

Application Date

10/2/2020

Grant Date

11/9/2021

Title

Related Topics

Network protocols, Network management, Wireless networking, Internet of things, Computer networking

Status

Grant

Latest SOTI News

SOTI Research Shows the Digitization of Healthcare Accelerates as Device Downtime and Security Concerns Remain

Aug 6, 2022

Share As the pandemic disrupted traditional patient service models, the healthcare sector overwhelmingly adopted remote and telehealth technology solutions. New global research from SOTI, A Critical Investment: Taking the Pulse of Technology in Healthcare, shows nearly all global healthcare providers (98%) offering frontline services have implemented IoT/telehealth medical device capabilities. The increased adoption of new technologies in the healthcare sector is evident in 73% of IT healthcare professionals indicating they have increased their annual technology spend since 2020. The rise in healthcare IT investments appears to be focused on three key elements: interconnectivity, automation and data management. Research revealed that 75% of IT healthcare professionals agree patient services benefit from heightened interconnectivity, 72% agree the use of artificial intelligence (AI) in patient care enables medical staff to treat more patients and 94% stated digital patient recordkeeping increases efficiency and enhances data sharing. “Mobile and IoT devices helped healthcare organizations quickly adapt various models of patient care and improve health outcomes during the pandemic. Investments in IoT/telehealth medical device capabilities and technical infrastructure in healthcare are becoming vital in meeting critical care requirements,” said Shash Anand , VP of Product Strategy at SOTI. “Although the scale of device implementation across the entire medical sector is an indicator of overall digital maturity, improving outcomes in remote health monitoring and digital recordkeeping are ongoing areas of focus. Today, 70% of healthcare providers use devices for remote health monitoring, and 57% of clinics providing frontline patient services have 100% digital recordkeeping,” added Anand. As part of its report, SOTI surveyed 1,300 healthcare IT professionals across the U.S., Canada, Mexico, UK, Germany, Sweden, France and Australia to understand how their organizations pivoted to provide patient care throughout the pandemic, the role technology played in delivering positive patient outcomes and what major obstacles remain. Data Security An Ongoing Concern Regarding data security, 86% of IT healthcare professionals are worried about patient information being revealed, lost, accessed, stolen or inadequately backed up. These are justified concerns as a staggering 70% of organizations have experienced a data breach since 2020. Healthcare IT professionals are primarily focused on the following data security concerns: Related Posts Patient records being stolen in a cyberattack or hacking (39%) Patient information being revealed without patient consent (36%) Patient information being lost (36%) In addition, 57% of IT professionals believe patient data security is more at risk than ever, while 46% agree their organization does not spend enough money on data security. “Data security is a valid and ongoing concern for IT healthcare professionals. While the risk of a breach is not slowing down innovation, ambitions or investment in these areas, it might reduce confidence in the technologies, devices and services being deployed. As a result, healthcare providers must have a device management solution with strong security credentials in place. This solution should provide enhanced visibility, security and management of devices used to offer patient care, with the ability to remotely manage and shut down any devices or IoT endpoints during a security breach,” said Anand. Addressing Device Downtime A move towards digitization and eliminating outdated manual and paper processes enables healthcare providers to focus on patients and reduces the burden of administrative tasks that distract from caregiving responsibilities. However, when technologies are not properly implemented or maintained, costly device downtime can hinder a healthcare worker’s ability to provide critical care. Globally, 60% of healthcare IT professionals in general medical practices/clinics surveyed said their organization experiences downtime with IoT/telehealth medical devices leading to patient care delays. Overall, 92% of healthcare IT professionals have experienced an issue of some kind, with 58% citing systems not integrating effectively and 52% noting frequent technical issues. All of this leads to each healthcare employee losing approximately 3.5 hours per week due to technical or system difficulties. On average, 21 working days are lost per employee annually. “The digitization of healthcare processes and patient care services is accelerating across the global healthcare industry because it makes employees’ lives easier while making data more secure and accessible. However, to improve the level of day-to-day treatment and avoid patient care delays due to device downtime, healthcare IT professionals must ensure they have an advanced diagnostic intelligence solution in place to provide device support remotely and performance visibility across all devices,” concluded Anand.

SOTI Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

SOTI Rank

  • Where is SOTI's headquarters?

    SOTI's headquarters is located at 5770 Hurontario Street, Mississauga.

  • What is SOTI's latest funding round?

    SOTI's latest funding round is Grant.

  • How much did SOTI raise?

    SOTI raised a total of $24.78M.

  • Who are the investors of SOTI?

    Investors of SOTI include Government of Canada.

  • Who are SOTI's competitors?

    Competitors of SOTI include Mitsogo.

You May Also Like

Kandji Logo
Kandji

Kandji is a cloud-based software solution that offers customizable security, compliance, and reporting for Mac computers. It features flexible device blueprints, user-initiated enrollment, and automated migration. Users can create their own select library of applications and tools, so their users can download what they need when they need it without asking IT. Users customize everything - branding, labels, categories, and more. Kandji provides MDM plus a proprietary macOS agent that extends capabilities.

Mosyle Logo
Mosyle

Mosyle provides Mobile Device Management (MDM) for parents and teachers to guide children's mobile experience. The company was founded in 2012 and is based in Winter Park, Florida.

Addigy Logo
Addigy

Addiy provides a cloud-based IT management platform for managing a user's Apple ecosystem.

Mitsogo Logo
Mitsogo

Mitsogo is a company that provides business mobility and digital workspace management solutions. Mitsogo’s enterprise software division, Hexnode has been empowering organizations in 100+ countries with a unified platform for enterprise-wide device, app, content, identity, and threat management.

Jamf Logo
Jamf

Jamf (NASDAQ: JAMF) develops applications used by system administrators to configure and automate IT administration tasks for apple devices. The company was founded in 2002 and is based in Minneapolis, Minnesota.

Fleetsmith Logo
Fleetsmith

Fleetsmith automates device setup, intelligence, patching, and security for companys' Macs, iPhones, iPads, and Apple TVs. It integrates with G Suite and Office 365.On June 24th, 2020, Fleetsmith was acquired by Apple. Terms of the transaction were not disclosed.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.