Information Technology
Trasna IoT group acquires eSIM leader Workz
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 System-on-Chip (SoC) technologies such as iSIM (integrated SIM). Demand for next-generation SIM solutions by telcos, device manufacturers and IoT providers is steadily growing with the advent of new technologies such as IoT and 5G. According to Counterpoint Research, over 9 billion devices with embedded or integrated SIM technology are expected to be shipped by 2030. The newly strengthened entity is designed to capitalise on this market opportunity.
Trasna CEO Stephane Fund said, "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."
Trasna is a global technology leader specialising in semiconductor and software solutions for large-scale IoT deployments.
Workz is a global provider of eSIM and SIM solutions with a comprehensive offering of subscriber management products and services from hardware to software, from SIM chip to over-the-air subscriber management services.
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