WeDo Technologies

WeDo Technologies
Sociedade Anónima
Industry Enterprise Software
Founded 2001
Headquarters Lisbon, Portugal
Key people
 Rui Paiva (CEO)
Products Revenue Assurance
Fraud Management
Business Support System (BSS)
Revenue €61.5 million (2013)[1]
€11.8 million (2013)[1]
Number of employees
 500 [1]
Website www.wedotechnologies.com Edit this on Wikidata

WeDo Technologies (WeDo Consulting, S.A.) is a multinational software corporation headquartered in Lisbon, Portugal, that develops and delivers Enterprise Business Assurance software and services designed to support the revenue assurance and fraud management departments within an organization.[2]

History

The company was co-founded by Rui Paiva on February 7, 2001,[3] and he has served as WeDo Technologies’ CEO throughout its history.

In June 2013, Gartner named WeDo Technologies as the world’s #1 provider of Revenue Assurance and Fraud Management solutions for telecom operators and #41 in the Top 50 of Business Support System (BSS), Operations Support System (OSS), and Service Delivery Platform (SDP) vendors globally based on market share.[4][5] By 2010, WeDo Technologies had already been recognized as the world market leader in Revenue Assurance in the telecom industry according to Frost & Sullivan Stratecast.[6][7]

The company has expanded the concept of revenue assurance beyond the telecom sector and into the retail, finance and energy industries, with customers in more than 180 companies from more than 80 countries.[3]

WeDo Technologies is owned by the non-financial Portuguese group, Sonae Group, which has 61,000 employees in 18 countries. Along with telecommunications, the group is active in Retail, Real Estate, TMT, and the Wood industry, as well as other business areas.[2]

In May 2012, WeDo Technologies announced the acquisition of US-based Connectiv Solutions, which provides network usage expenses management for telecommunications companies. The deal reinforced WeDo Technologies’ presence in the North America market and its geographical strategy.[8]

By the end of 2012, WeDo Technologies had a team of almost 500 people of more than 20 nationalities and offices in 15 countries. Its worldwide annual revenue in 2013 totaled €61.5 million, representing a 12% revenue increase.[3]

Software and Services

WeDo Technologies’ flagship software is RAID, an Enterprise Business Assurance software suite.[9]

Events

WeDo Technologies' Worldwide User Group

Every year, WeDo Technologies’ customers and independent guests from the telecom industry gather for the Worldwide User Group. In its 8th edition in 2013, more than 230 delegates where present, including 62 companies from 45 countries.[2][10]

WeDo Technologies is also a regular exhibitor and speaker at other major telecom and retail industry events such as Mobile World Congress,[11] TM Forum Management World and National Retail Federation (NRF) conferences.[12][13]

Partnerships and Certifications

Oracle

WeDo Technologies is a Gold level member of the Oracle PartnerNetwork. This relationship has allowed both companies to develop a continuous collaborative innovation process that recently culminated in the Exadata optimized process for WeDo Technologies’ enterprise business assurance software, RAID.[14][15]

WeDo Technologies’ Enterprise Business Assurance RAID 6.3 software, running on Oracle Exadata Database Machine, achieved a processing throughput of up to 1 billion call records per hour during loading enrichment and aggregation, reducing space requirements for storing detailed call data by 13-fold when compared with raw data, and by 8-fold when compared with Oracle standard compression.[16]

IBM

WeDo Technologies has been working with IBM on a set of technical enablement plans in the telecom industry.[3]

Offices

WeDo Technologies has its world headquarters in Lisbon, Portugal, and two software houses located in Braga, Portugal, and in Washington, D.C., USA.

WeDo Technologies also has offices in Spain, France, Ireland, United Kingdom, Poland, Brazil, Mexico, Egypt, Malaysia, and Australia.[2]

References

  1. 1 2 3 "Company Overview". WeDo Technologies.
  2. 1 2 3 4 "EuroProfile: WeDo Technologies". Light Reading. Retrieved 17 April 2012.
  3. 1 2 3 4 "WeDo sees revenue and EBITDA growth in 2013". Telecoms.com. Retrieved 21 March 2014.
  4. ↑ "WeDo named tops in Revenue Assurance, Fraud Management". Billing World. Retrieved 10 July 2013.
  5. ↑ "Market Share: Telecom Operations Management Systems (BSS, OSS and SDP), Worldwide, 2011-2012". Gartner. Retrieved 26 March 2013.
  6. ↑ "Stratecast Puts WeDo at the Top of the RA Market". Billing World. Retrieved 5 July 2010.
  7. ↑ "Frost & Sullivan Stratecast, Revenue Assurance and Cost Management Global CSP Sector Assessment". Frost. Retrieved 26 May 2010.
  8. ↑ "WeDo Acquires Connectiv Solutions". Light Reading. Retrieved 5 January 2012.
  9. ↑ "WeDo Technologies Launches RAID 7.0 to Combat Profit Pitfalls of Next Generation Telecoms". M2M Now. Retrieved 7 February 2013.
  10. ↑ "CEO of WeDo Technologies Gives Update at MWC13". Telco Professionals. Retrieved 4 March 2013.
  11. ↑ "WeDo Technologies: The Threat of Revenue Leakage is Increasing". Telco Professionals. Retrieved 9 April 2013.
  12. ↑ "WeDo Consulting Sistemas de Informação". Big Show.
  13. ↑ "Talking Enterprise Business Assurance with WeDo Technologies". Store SMedia. Retrieved 17 June 2013.
  14. ↑ "Oracle Engineered Systems and WeDo Technologies". Oracle.
  15. ↑ "WeDo's Bruno Marques describes how the competitive advantage of Oracle Exadata lowers customer costs". Oracle Partner Network. Retrieved 13 November 2012.
  16. ↑ "WeDo Technologies Delivers a 4x Performance Boost for its Worldwide Enterprise Business Assurance Software Suite, Using an Engineered System". Oracle.
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