LISBON, Portugal, LONDON and WASHINGTON, January 14, 2015 /PRNewswire/ --
Achieves 14 percent of total market share
WeDo Technologies has been recognized as the global market share leader by earned revenue for the Financial Assurance software solution market. Financial Assurance consists of Revenue Assurance (RA), Fraud Management (FM), and Margin Assurance (MA). According to a new report from leading analyst firm Stratecast | Frost & Sullivan, WeDo Technologies is recognized as the market share leader with 14 percent of the total Financial Assurance market.
Stratecast, a worldwide Information and Communications Technology research and advisory firm, undertook an extensive analysis of the changing communications marketplace, examining more than 30 global suppliers of Financial Assurance solutions. Its resulting "2014 Global CSP Financial Assurance: Market Share Analysis, Forecast, and Global Supplier Assessment" report revealed WeDo Technologies as the Financial Assurance market share leader and sole recipient of the 2014 Stratecast Global Market Leadership Award in CSP Financial Assurance.
"Driven by the extraordinary change occurring in the communications industry, Financial Assurance is experiencing a tremendous period of growth," said Troy Morley, Operations & Monetization Strategy analyst with Stratecast | Frost & Sullivan. "As the level of services complexity increases with the evolution of business models, incorporation of partner-provided capabilities, and effectively using the new service creation options from network technology advances, including LTE, the need for Financial Assurance gains greater significance. By endeavoring to improve customer experience, capture new revenues, and drive new business efficiencies, WeDo Technologies is enabling operators to meet these challenges head-on."
"I am delighted that our efforts in the Financial Assurance market have once again been recognized for excellence by Stratecast | Frost & Sullivan," said Rui Paiva, CEO and founder of WeDo Technologies. "The report reflects WeDo Technologies' heritage of success in the telecoms sector and further validates our growth strategy into other sectors, such as retail, utilities and healthcare. We are confident that our leading position in telecoms will help to drive additional demand for next-generation Enterprise Business Assurance (EBA) solutions and services across multiple industries as we continue to expand our customer base in 2015."
Contacts for WeDo Technologies:
Jen Hibberd / Lucy Mulvin / Emma Walsh
SOURCE WeDo Technologies