In a strategic move to enhance its IoT capabilities, Trasna Holdings, a specialist in IoT communications, has acquired Workz, a company in Cloud-based eSIM solutions. This acquisition positions Trasna as a major player in both current and future mobile IoT technologies, including SIM, eSIM, and System-on-Chip (SoC) solutions. Based in Ireland with operations across Europe, Trasna provides semiconductor expertise and SoC solutions, while integrating the skills of Dubai-based Workz in eSIM and SIM hardware, software, over-the-air services, manufacturing, and data management.
Workz made its mark on the industry in 2021 by becoming the first to offer a certified Cloud-based eSIM management service. This platform now supports over 150 network operators globally and has been recognised by Counterpoint Research as a significant advancement in the field.
The acquisition occurs at a critical moment for the cellular IoT sector, as the market shifts from traditional SIM cards to eSIM and SoC technologies, such as integrated SIM (iSIM). With the rise of IoT and 5G, demand for advanced SIM solutions from telcos, device manufacturers, and IoT providers is increasing. According to Counterpoint Research, over 9 billion devices with embedded or integrated SIM technology are expected to be shipped by 2030, and the newly combined entity is well-placed to seize this opportunity.
“I am delighted to have Workz as part of the Trasna group. It has an excellent reputation in the market for innovation and agility, qualities we have experienced first-hand, having worked with them as a partner for many years. I see Workz and Trasna as a perfect fit that significantly strengthens the value of our IoT offering. The creation of a full end-to-end supply chain propels us to our goal of market leader in the mobile IoT market which makes for an exciting future for us and our customers,” said Stephane Fund, CEO, Trasna.
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