Trasna Holdings, a specialized IoT communication company, has recently acquired Workz, a pioneer in cloud-based eSIM solutions. This strategic acquisition has significantly expanded Trasna’s expertise in the IoT field, positioning it as a leading provider of mobile IoT technologies such as SIM, eSIM, and SoC. With this integration, Trasna now offers a comprehensive range of hardware and software solutions for eSIM and SIM management, including over-the-air services, manufacturing, and data management.
Trasna expands IoT capabilities with acquisition of Workz
Trasna, an Ireland-based company with locations throughout Europe, specializes in semiconductor capabilities and offers associated System-on-Chip (SoC) solutions. With the integration of Workz, a Dubai-based company, Trasna enhances its expertise in eSIM and SIM hardware and software, including Over-the-Air services, manufacturing, and data management. In 2021, Workz became the first company to introduce a certified, cloud-based eSIM management service, establishing itself as a leader in eSIM technology. The platform is currently utilized by over 150 network operators worldwide and has been recognized by Counterpoint Research as a significant industry innovation.
Trasna’s acquisition of Workz comes at a pivotal moment in the IoT mobile market as the industry transitions from traditional SIM cards to eSIM and new SoC technologies like iSIM. The demand for next-generation SIM solutions from telecommunications companies, device manufacturers, and IoT providers is steadily increasing with the emergence of IoT and 5G technologies. According to Counterpoint Research, over 9 billion devices with integrated or embedded SIM technology are expected to be shipped by 2030. Trasna and Workz are now well-positioned to capitalize on this market opportunity.
The acquisition of Workz by Trasna Holdings has been met with enthusiasm by Stephane Fund, CEO of Trasna, who highlighted Workz’s excellent reputation for innovation and agility. Fund sees the two companies as a perfect match, significantly enhancing the value of Trasna’s IoT offering. By creating a complete end-to-end supply chain, they are getting closer to their goal of becoming a market leader in the mobile IoT market.
The acquisition of Workz by Trasna brings numerous advantages, including expanded expertise in eSIM and SIM technology, allowing both companies to offer innovative solutions for the increasing demand in IoT communication. This collaboration enables a complete end-to-end supply chain for IoT implementations, positioning Trasna as a leading provider of mobile IoT technologies. With the growing significance of eSIM and new SoC technologies, Trasna is well-equipped to meet the industry’s growing requirements and shape an exciting future for itself and its customers.
Overall, the acquisition of Workz by Trasna represents a significant milestone that will have a profound impact on the IoT market. By combining their expertise and technologies, this merger will contribute to making IoT communication more efficient and advanced. Trasna and Workz are poised to shape the future of the IoT market and provide innovative solutions to meet the growing demands for communication and connectivity.
