WeDo Technologies confirmed as world leading RA and FM provider to
LISBON, Portugal; LONDON and WASHINGTON, July 8, 2013 /CNW/ - Analyst
firm Gartner has named WeDo Technologies as the market share leader in
providing Revenue Assurance (RA) and Fraud Management (FM) solutions to
telecoms operators worldwide. The report entitled 'Market Share: Telecom Operations Management Systems (BSS, OSS and SDP),
Worldwide, 2011-2012' was updated in June following original release in March 2013. It also
places the company in the top 50 BSS, OSS and SDP vendors globally
based on market share (#41 to be exact).
"From the origins of the business, our ethos has been to look after our
customers and we truly believe that this is the reason we have
experienced so much success over the years," said Rui Paiva, CEO at
WeDo Technologies. "We are a low key company and will continue to be
one but we are also proud of our achievements. We intend to use this
new position together with the goodwill we have generated to continue
growing and delivering return and satisfaction to our customers."
The announcement comes after WeDo Technologies experienced a record year in 2012, growing revenue and orders by 20 per cent and 19 per cent respectively
after winning 30 new customers in 16 different countries. Earnings
before interest, taxes, depreciation and amortisation (EBITDA) also
grew 55%. In the same year, the company strengthened its presence in
America with the acquisition of Connectiv Solutions. Showing no sign of slowing down, WeDo Technologies released the latest
version of its enterprise business assurance software, RAID 7.0 in February this year.
Now looking to further its strategic ambition and cement its position as
market leader, WeDo Technologies is aiming to increase annual revenue
to $100 million plus before the end of 2015, increasing its global
market share in telecoms, as well as increasing its presence in other
industries such as retail, utilities and finance. It is also actively
seeking an acquisition target in Southeast Asia (Indonesia and / or
"Success and achievement in our perspective are very humbling and
increase our responsibility towards all stakeholders. It only
highlights the value and long term relevance of true relationships
whether that be customers, shareholders, employees, business partners
or other suppliers," continued Paiva. "As we work to develop and
strengthen our position we will continue to foster this belief to make
us better listeners and learners, and in turn offer the best service
About WeDo Technologies
WeDo Technologies is a worldwide leader in Enterprise Business Assurance, providing software and expert consultancy, to intelligently analyse
large quantities of data from across an organization helping to negate
or minimize operational or business inefficiencies and allowing
businesses to achieve significant return on investment via revenue
protection and cost savings.
WeDo Technologies works with some of the world's leading blue chip
companies from the retail, energy and finance industries, as well as
more than 180 telecommunications operators from more than 80 countries,
through almost 500 highly-skilled professionals.
WeDo Technologies is owned by the largest non-financial Portuguese group
- Sonae Group which has 61,000 employees in 18 countries. As well as
telecommunications, the group is active in Retail, Real State, TMT, the
Wood industry and other business areas.
Revenue and Business Assurance, sometimes also called Profit or Revenue
Protection, are the domains where WeDo Technologies - through its
Software and Services - has become recognized as a constant innovator
and true market leader.
For more information, visit: http://www.wedotechnologies.com or follow us on Twitter @WeDoNews.
SOURCE: WeDo Technologies
For further information:
Contacts for WeDo Technologies:
Rebecca Carnie / Charlie Hamilton / Sarah James