Workz rolls out expansion plans as part of global growth strategy
Nov 13, 2018

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

13 November 2018, Dubai, UAE: Workz Group, the Dubai-based mobile security & IoT solutions provider, has today 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 with the consolidation of all Workz operations under this entity, the appointment of a new group CEO, and the acquisition of Elatec Card and Security Solutions in Germany.

The move will see the appointment of Stephane Fund as Workz Group’s new CEO. 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. 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 personalization 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 Ltd has acquired the existing legal entities of Workz effectively consolidating UAE-registered Workz Media FZ LLC 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.

Commenting on the company restructure, Workz Media FZ LLC co-CEO Brad Taylor stated “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 realization. We are delighted to welcome our new Group CEO, Stephane Fund as he has solid experience to lead Workz into our next phase of growth and development. His appointment together with the acquisition of Elatec CSS accelerates our growth across Europe and creates economies of scope and scale.”

Workz Group CEO Stephane Fund added, “Workz has a great reputation within the industry and a very strong team.

The consolidation of Workz Group as an Irish company with regional manufacturing and sales offices is designed to give Workz a global footprint whilst continuing to give our clients a highly effective, responsive and cost-efficient local service. The acquisition of Elatec CSS, with its talented and visionary management, provides a solid foundation from which we can rapidly expand our European operations, capabilities and product offerings over the next two years and I look forward to leading this great team.”

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About Workz Media FZ LLC
Workz connects and protects mobile subscribers of today and tomorrow by providing secure removable or embedded SIMs and remote provisioning solutions for consumer, M2M and IOT devices.

Since its start in 1997, Workz has securely managed over 8 billion connections in more than 50 countries all without a single data breach. Workz’ goal is to be a global player in the IoT ecosystem driving the secure deployment of smart devices and IoT applications faster and easier than ever before.

The company delivers over 1.5 billion mobile products each year across the Middle East, Africa, Asia and Europe. Its GSMA-SAS certified manufacturing facilities produce eUICC and UICC SIM cards in addition to scratch cards. Workz is recognized as the world's largest recharge card manufacturer and the 13th largest SIM card manufacturer. Workz has been one of the first in the market to adopt new IoT technologies such as the embedded SIM. The company are one of only six in the world to be accredited by the GSMA to produce eSIM technology.

About Elatec CSS
Headquartered in Munich, Elatec CSS operates in the European telecom market, with a strong footprint in Turkey, Eastern Europe and CIS, serving over 15 mobile network operator customers. The company offers card manufacturing such as SIM, banking, loyalty and scratch cards as well as security solutions such as ID and access management services.

For further information on this release, please contact Workz on:

Raveena Thapa
PR Executive
M: +97156 188 0381

Mark Humphreys
Chief Marketing Officer
M: +97150 459 1579