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.
“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.
“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.”
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