Gartner Names WeDo Technologies Number One Provider of Revenue Assurance and Fraud Management

WeDo Technologies confirmed as world leading RA and FM provider to telecom operators

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 Malaysia).

"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 and relationship."

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.

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SOURCE: WeDo Technologies

For further information:

Contacts for WeDo Technologies:
Rebecca Carnie / Charlie Hamilton / Sarah James

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