Tosibox is the real deal in IoT connectivity
Tosibox offers a secure remote connection for industrial engineering machinery, swiftly connecting it with a global customer base in the process.
As the Internet of Things gradually starts to take shape, two fundamental issues of concern continue to be raised in discussion: connectivity and security. One Finnish company in particular is poised to take care of business in these regards, on a global scale.
“Tosibox is a high tech company that is making the world’s easiest and very secure remote connection over the Internet,” explains CEO Tero Lepistö. “Whoever wants to remotely control any machine, or security camera or whatever, we provide a very safe, fast and flexible solution for that.”
One of Toxibox’s chief goals is to compensate for the dearth of IT experts in mid-size companies, by providing businesses with a lock and key solution. Competitiveness is improved exponentially, as management needn’t bleed funds by sending a service engineer abroad to assist a customer. Machinery can now be accessed from their comfort of their office after the product has been shipped. Some 10 seconds out of its packaging and Tosibox automatically connects the device to a remote controller.
When I was in the USA I was told that this is the solution the industry has been waiting for, for years.
Unsurprisingly, many companies are sitting up and taking notice.
“When I was in the USA I was told that this is the solution the industry has been waiting for, for years,” Lepistö explains. “The engineers there are very open minded. They immediately understand the product and take it into use. They realise it saves money and time and makes their lives easier.”
With Tosibox receiving the green light to sell there last summer, an increasing number of companies Stateside are now reaping these benefits.
The seed of Tosibox’s success was sown in the northern Finnish town of Oulu, when CTO Veikko Ylimartimo established the company in 2011 on the back of his product idea. A hop-skip-and-jump later and turnover in 2014 ballooned to 1.24 million euros, representing a 60 per cent increase year-on-year.
Lepistö emphasises that Tosibox is not solely focused on North America. Alongside strong local sales in Finland, a number of significant global companies have recently embraced Tosibox’s product portfolio. Tosibox is actively nurturing business opportunities in Central Europe, with its presence on the German market receiving a particular boost recently after being selected as a top 20 company at the TÜV SÜD Innovation Awards 2015 in Munich.
Altogether, close to half of the company’s current sales are from abroad, with more than 20 000 products shipped to over 70 countries worldwide thus far.
Keeping it real
Looking ahead, unsurprisingly, Lepistö sees nothing but potential on the horizon for Tosibox.
“There is no limit to what this product can do, as long as it is something to do with the Internet. We are very excited and optimistic about our success.”
And so he should be: Lepistö estimates company revenue to hit tens of millions of euros in the not to distant future.
Given the rosy future ahead, it is inevitable that many around the world less versed in the Finnish language will ponder the meaning of the company’s name. The word ‘box’ is a given, sure, but how about the four letters placed before it? What does the tosi in ‘Tosibox’ mean, exactly?
“Tosi mean something real, something true,” Lepistö explains. “You can have several translations for our name, but we like to think that it’s ‘really something’. [laughs]
Text: James O’Sullivan