Stephen Otto

Stephen Otto Email and Phone Number

CEO and CFO management who has leveraged deep medical imaging devices’ experience in US and Japan / Asian markets @ Sigma 3SP LLC
Stephen Otto's Location
Long Lake, Minnesota, United States, United States
Stephen Otto's Contact Details

Stephen Otto work email

Stephen Otto personal email

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About Stephen Otto

While I lived and worked in Japan for 25 years but now back in the US, I have established and run five medical device companies. Over the last 10 years I have started up 2 US ventures, using my intimate knowledge of executive business and worldwide markets. In 2015 my initiative led me to start Sigma 3SP LLC (Sig3) for two neuro-imaging markets – electroencephalography (EEG) and magnetoencephalography (MEG.) I am Sig3’s CEO. Sig3’s expertise is noise suppression – both in the device sensors but also external environmental interference. That leads to better analyses for better patient care. Simultaneously, I have been CFO, running the administration of Champaign Imaging LLC which has received 3 NIH grants for pediatric MRIs. Champaign’s expertise is twofold – reduction of acoustic noise and motion correction of MRI images. In both ventures my plan involves an introduction of a customer service component – increasing customer satisfaction and providing a steady revenue stream. My skills are to understand and negotiate organizational and market differences – a key to successful entrance into any new global arena. My goals are employee collaboration and team success. My entire business experience has dealt with high tech, high ticket diagnostic imaging medical devices.• After my colleague moved to the University of Washington (Seattle), I quickly set up Sig3, acquiring his patents at the University’s. While still in early days, Sig3 is set to break through with software to reduce noise suppression for the large EEG market as seen from the recent Austin ACNS meeting poster.• As CFO of Champaign Imaging LLC, I have been responsible for overseeing the federal funds ($1.8 million) and the coordination and administration needed with such grants and Champaign’s sub-contractors. Champaign is moving to the forefront of pediatric MRI systems as documented by their abstracts at the upcoming ISMRM Toronto meeting in June.• As Chairman and Chief Operating Officer of Neuromag OY, I transformed the company with new products and customer service, turning around an annual operating loss of $7.8 million to a 12% division-wide profit, with annual revenues of $32.5 million. • Started Far East division for U.S.-based Meridian Instruments, specializing in confocal microscopes for medical research, growing from 4 to 27 employees and to $12.5 million in profitable sales.• Started Coulter Japan, specializing in high-end diagnostic and research equipment.

Stephen Otto's Current Company Details
Sigma 3SP LLC

Sigma 3Sp Llc

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CEO and CFO management who has leveraged deep medical imaging devices’ experience in US and Japan / Asian markets
Stephen Otto Work Experience Details
  • Sigma 3Sp Llc
    Chief Executive Officer
    Sigma 3Sp Llc Mar 2015 - Present
    Long Lake, Minnesota
  • Champaign Imaging Llc
    Chief Financial Officer
    Champaign Imaging Llc Mar 2015 - Present
    Shoreview, Minnesota
  • Ottospheregroup
    Management Consultant, Serving Medical Device Companies Interested In International Operations
    Ottospheregroup 2014 - Present
    Greater Minneapolis-St. Paul Area
    As a seasoned business leader with success in introducing medical devices to new geographies, I can be a helpful guide for medical device clients interested in entering new-to-them geographies. I teach clients to understand and negotiate cultural differences – a key to successful entrance into any new global market.
  • Elekta Neuromag
    Chairman Of The Board And Chief Operating Officer (Coo) Elekta Neuromag
    Elekta Neuromag 2007 - 2012
    Helsinki, Finland
    • Called back from Japan to manage / lead 55-person operation that serviced all geographies for the sales and service of a specialized, non-invasive magnetic brain imaging device (MEG). • Through strategic restructuring, introduction of new products and process improvements turned around a negative company position (annual loss of $7.8 million) to a positive 12% operating profit with $32.5 million in annual revenues.• Added a customer service and applications organization within the U.S. operation. • The strategies noted above led to increased company profits and the withering of 3 competitive global companies. • Assured compliance in Helsinki operations with FDA and EU regulations.• Obtained MHLW (Japan’s Ministry of Health, Labor and Welfare), Health Canada, the Chinese, Taiwanese, South Korean Health Ministries, Russian and Brazilian Health Ministries approvals for our new products. • During 2013 and 2014, attempted to purchase this MEG portion of Elekta’s business related to the non-invasive magnetic brain imaging device. Company eventually determined that they did not wish to sell.
  • Elekta K.K. / Elekta Party, Ltd.
    President And Managing Director
    Elekta K.K. / Elekta Party, Ltd. 1995 - 2007
    Kobe, Japan And Syndney, Australia
    • Started Elekta K.K. (Japan) in 1996 and grew to 30-person very profitable company.• Led Elekta Party, Ltd (Australia) from 2004 and grew to 14-person, very profitable operation. • Both companies sold and serviced stereotactic frames and other equipment for image-guided neurosurgery, linear accelerators, software for cancer patient monitoring, and non-invasive magnetic brain imaging devices.• As President and Managing Director, was responsible for all aspects of the operations in Japan and Australia including, sales, marketing, customer service, regulatory affairs, clinical affairs, administration.
  • Meridian Instruments Far East
    President And Managing Director / Vice President (Vp)-Sales And Marketing
    Meridian Instruments Far East 1991 - 1995
    Tokyo, Japan And Okemos, Michigan
    • Started Meridian Instruments Far East for U.S. parent company to service Japan and the entire Far East.• Grew company from 4 to 27 employees and to $12.5 million in profitable sales.• Company sold research-quality high-end confocal microscopes to medical research facilities and university-affiliated research hospitals.
  • Coulter Japan
    Representative Director - Marketing And Regulatory Director
    Coulter Japan 1982 - 1991
    Tokyo, Japan
    • Started Coulter Japan (a part of parent company now known as Beckman Coulter), selling and servicing diagnostic systems for hospital laboratories and other critical care settings used for research and for the diagnosis and monitoring of patients.• Negotiated $21 million in financing to acquire our long-time Japanese distributor to improve sales. Was able to repay 10-year financed debt within 3 years.
  • Ge Medical Systems
    Business Development Manager
    Ge Medical Systems 1980 - 1982
    Waukesha, Wi
    • Integrated newly acquired assets of Thorn-EMI into GE’s Medical System in Europe, determining which entity (T-E or GE) would be the main entity in the country and what products would be sold. • Developed global strategy when initial integration was complete.

Stephen Otto Skills

Executive Management Turn Around Management Start Up Consulting International Business Asia Business Development Medical Devices Sales Management Marketing Management Customer Service Physician Relations Regulatory Compliance Quality Management Medical Device R&d Outsourcing Management Board Level Long Term Customer Relationships Mentoring Team Building Team Leadership Medical Imaging Regulatory Requirements Quality System Far East Asian Markets Domestic Sales International Sales International Marketing Customer Relations Customer Satisfaction Customer Retention Customer Support Management Market Research Clinical Research R&d Coaching And Mentoring Marketing Strategy Product Marketing Retail Sales Sales Operations Sales Process Sales Presentations Board Relations Board Presentations International Perspective Cross Functional Team Leadership Leadership Biomedical Engineering Strategy Research And Development

Stephen Otto Education Details

Frequently Asked Questions about Stephen Otto

What company does Stephen Otto work for?

Stephen Otto works for Sigma 3sp Llc

What is Stephen Otto's role at the current company?

Stephen Otto's current role is CEO and CFO management who has leveraged deep medical imaging devices’ experience in US and Japan / Asian markets.

What is Stephen Otto's email address?

Stephen Otto's email address is st****@****kta.com

What schools did Stephen Otto attend?

Stephen Otto attended Stanford University, Stanford University.

What are some of Stephen Otto's interests?

Stephen Otto has interest in Animal Welfare, Science And Technology, Arts And Culture.

What skills is Stephen Otto known for?

Stephen Otto has skills like Executive Management, Turn Around Management, Start Up Consulting, International Business, Asia Business Development, Medical Devices, Sales Management, Marketing Management, Customer Service, Physician Relations, Regulatory Compliance, Quality Management.

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