Trasna acquires Workz to strengthen eSIM offering

  • September 4, 2024
  • Steve Rogerson
Trasna CEO Stephane Fund.

Irish IoT communications specialist Trasna Holdings has acquired Workz, a Dubai-based pioneer in cloud-based eSIMs.

The acquisition positions Trasna as a provider of current and future mobile IoT technologies such as SIM, eSIM and SoCs.

Trasna, headquartered in Ireland and possessing operations across Europe, provides semiconductor capabilities and related systems-on-chip (SoCs). The integration of Workz adds expertise in eSIM and SIM hardware and software, including over-the-air services, manufacturing and data management.

In 2021, Workz established itself at the forefront of eSIM technology by becoming the first to launch a certified cloud-based eSIM management service. The platform currently hosts over 150 network operators worldwide and was, last year, heralded by Counterpoint Research as an important innovation for the industry.

The acquisition comes at a pivotal time in the cellular IoT market as the industry transitions from traditional SIM cards to eSIM (embedded SIM) and emerging SoC technologies such as iSIM (integrated SIM). Demand for SIM options by telcos, device manufacturers and IoT providers is steadily growing with the advent of technologies such as IoT and 5G.

According to Counterpoint Research, over nine billion devices with embedded or integrated SIM technologies are expected to be shipped by 2030. The newly strengthened entity is designed to capitalise on this market opportunity.

“I am delighted to have Workz as part of the Trasna group,” said Stephane Fund, CEO of Trasna (www.trasna.io). “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.”

Workz (www.workz.com) is a provider of eSIM and SIM products with an offering of subscriber management products and services from hardware to software, from SIM chip to over-the-air subscriber management services.