Type Sociedade Anónima Key people Rui Paiva (CEO) Revenue 61.5 million EUR (2013) Headquarters Lisbon, Portugal Parent organization Sonae | Industry Enterprise Software Operating income Founded 2001 Number of employees 500 | |
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Products Revenue Assurance
Fraud Management
Business Support System (BSS) Website www.wedotechnologies.com Key person Rui Paiva (Chief Executive) Subsidiaries Connectiv Solutions, Inc. Profiles | ||
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.
Contents
History
The company was co-founded by Rui Paiva on February 7, 2001, 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. 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.
A member of the GSM Association as a provider of applications and systems, WeDo Technologies is an ISO9001: 2000 certified organization with a worldwide presence.
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.
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.
In 2009, WeDo Technologies won the SMB COTEC-BPI innovation award, which annually selects the SMB demonstrating the most outstanding innovation at a national level. The winner was announced by Fernando Ulrich, Executive President of the Banco Português de Investimento, and the award was presented to Rui Paiva, CEO of WeDo Technologies by Cavaco Silva, President of Portugal.
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.
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.
Software and Services
WeDo Technologies’ flagship software is RAID, an Enterprise Business Assurance software suite that offers an end-to-end Revenue Assurance, Fraud Management and Business Control Processes. RAID helps companies face new business challenges such as LTE, machine to machine communications, and mobile payments.
WeDo Technologies’ RAID integrates information from different platforms to a central database, applies business validation and comparison rules to detect errors and inconsistencies, produces and manages alarms, provides full-problem lifecycle management, and offers different kinds of KPI’s and reports.
RAID is composed by the following functional modules:
RAID supports the implementation of a full Revenue Assurance program, which includes the following:
In 2013, WeDo Technologies released RAID 7.0, which included a complete Enterprise Business Assurance software suite that addressed other control functions and departments such as enterprise risk management, internal auditing, compliance, security and management control.
Bridging analytics from various departments, RAID 7.0 also provides the capability to visually link strategic objectives by mapping risk indicators to KPIs running on RAID available through its Balanced Scorecard Framework and Business Sensors.
Events
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.
WeDo Technologies is also a regular exhibitor and speaker at other major telecom and retail industry events such as Mobile World Congress, TM Forum Management World and National Retail Federation (NRF) conferences.
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.
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.
IBM
WeDo Technologies has been working with IBM on a set of technical enablement plans in the telecom industry.
TM Forum
In June 2012, WeDo Technologies’ RAID received certification for compliance with the Business Process Framework (eTOM) and the Information Framework (SID) components of TM Forum’s Frameworx suite of standards.
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.