In a transfer that considerably expands its capabilities within the IoT house, Trasna Holdings, specialising in IoT communications, has acquired Workz, a pioneer in cloud-based eSIM options.
The acquisition positions Trasna as one of many main suppliers of present and future cell IoT applied sciences akin to SIM, eSIM and SoC.
Trasna, headquartered in Eire and possessing operations throughout Europe, gives semiconductor capabilities and associated system-on-chip (SoC) options. The combination of Dubai-based Workz provides experience in eSIM and SIM {hardware} and software program, together with over-the-air providers, manufacturing, and information administration. In 2021, Workz established itself on the forefront of eSIM expertise by turning into the primary to launch an authorized cloud-based eSIM administration service. The platform at the moment hosts over 150 community operators worldwide and was, final 12 months, heralded by Counterpoint Analysis as an necessary innovation for the trade.
The acquisition comes at a pivotal time within the mobile IoT market because the trade transitions from conventional SIM playing cards to eSIM (embedded SIM) and rising System-on-Chip (SoC) applied sciences akin to iSIM (built-in SIM). Demand for next-generation SIM options by telcos, system producers and IoT suppliers is steadily rising with the appearance of recent applied sciences akin to IoT and 5G. In accordance with Counterpoint Analysis, over 9 billion units with embedded or built-in SIM expertise are anticipated to be shipped by 2030. The newly strengthened entity is designed to capitalise on this market alternative.
Trasna CEO Stephane Fund mentioned:
“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.”
About Trasna: Trasna is a worldwide expertise chief specialising in semiconductor and software program options for large-scale IoT deployments.
