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.”
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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