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Workz Team: expansion on the anvil

Workz Team: expansion on the anvil



Workz rolls out expansion plans

The Dubai-based company’s restructure sees new European eadquarters, group CEO appointment and acquisition of Germany’s Elatec

December 2018

Dubai-based Workz Group, a leading mobile security and IoT solutions provider, announced several expansion and restructuring initiatives aimed at driving its global growth in the mobile telecoms and IoT sectors. 

These plans include the creation of Workz Group Telecoms Limited headquartered in Dublin, Ireland, with the consolidation of all Workz operations under this entity, the appointment of a new group chief executive officer, and the acquisition of Elatec Card and Security Solutions in Germany, said a statement.

The move will see the appointment of Stephane Fund as Workz Group’s new chief executive officer.  Fund, who was previously the founding owner and CEO of Simulity Labs, which was sold to ARM in 2017, will be responsible for leading Workz’s global businesses, forming new partnerships and raising growth capital. 

Taylor: aiming for the top slot

Taylor: aiming for the top slot

The company restructuring also includes the group’s first acquisition under Fund’s leadership of Elatec Card and Security Solutions (Elatec CSS). The card and security solutions provider, which has operations in Munich and a GSMA SAS-certified card personalisation and fulfilment facility in Bosnia and Herzegovina, will adopt the Workz brand name. 

In addition, Workz will also open an office in Dakar, Senegal which will be the company’s second in Africa following the launch of its Johannesburg base last year.  Workz Group Telecoms has acquired the existing legal entities of Workz effectively consolidating UAE-registered Workz Media and Hong Kong-registered Workz International Ltd under the newly registered Irish company. 

These changes will see Workz adopt operations in Europe, Africa, Middle East and Southeast Asia as it positions itself as a global provider to mobile network operators, device manufacturers and IoT partners.

Workz Media co-chief executive officer Brad Taylor said: “Our goal is to be one of the top global players in mobile digital security, telecoms smart cards and managed services solutions for the IoT and mobile markets.”

“This restructure is a major step forward in this realisation. We are delighted to welcome our new group CEO, Stephane Fund as he has solid experience to lead our company into our next phase of growth and development,” he said.

Workz Group chief executive officer Stephane Fund added: “Our company has a great reputation within the industry and a very strong team.”

 

NEW M2M ESIM SERVICES

Meanwhile, the eUICC SIM manufacturer and remote SIM provisioning service provider, has partnered with SIM solutions provider Arm to employ Arm Kigen products in its M2M SIM and eSIM solutions worldwide.

The Arm Kigen family of products includes an eSIM operating system for the IoT and M2M markets, an iSIM operating system for IoT SoC designs, and a flexible remote SIM provisioning platform for original equipment manufacturers, mobile network operators and IoT platform providers.

The latest collaboration, which forms part of a long-standing partnership, comes after both companies have been instrumental in advancing the eSIM and iSIM technology in their respective areas. The two companies agree that the eSIM will be critical in accelerating the market development of both consumer and IoT devices by delivering scalable, commercially viable solutions and significantly reducing the cost.




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