Trasna has announced its acquisition of IoTerop. This acquisition strengthens Trasna’s ability to deliver complete solutions from chip design and SIM manufacturing to Cloud-based remote management services. IoTerop’s products, which comprise Alaska IoT management platform and Iowa software development toolkit are already deployed across millions of devices globally. Adding these products to its portfolio strengthens Trasna’s hardware and software connectivity offer.
IoTerop brings a proven track record in IoT device lifecycle management, as its Alaska and Iowa solutions widely adopted by large-scale connectivity providers and industries including smart cities, utilities, automotive and industrial IoT sectors. Its products are designed to support the next generation of IoT networks, such as NB-IoT, 5G and Lightweight M2M (LwM2M).
Trasna has said this acquisition rounds off a year of significant expansion for the company following its acquisition of eSIM company Workz earlier this year and the opening of a new semiconductor R&D and semiconductor facility in India this October.
The IoT market is poised for substantial growth, as estimates from GSMA Intelligence position the number of connected IoT devices to surpass 38 billion by 2030, driven by demand for reliable solutions in energy, healthcare, logistics, and smart cities. Trasna’s expanded portfolio addresses this demand by offering customers a single partner for secure IoT connectivity hardware and software from the SIM and device to the Cloud management platform.
“Acquiring IoTerop is an important step in our journey to become the leading enabler of IoT connectivity including device management. Its IoT expertise and trusted device solutions complement our growing portfolio perfectly. The addition strengthens our comprehensive offering for customers, enabling them to deploy highly optimised and scalable solutions that make connectivity and device management easier and more secure for everyone,” said Stéphane Fund, CEO, Trasna.
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