LISBON, June 30, 2010 /PRNewswire/ -- WeDo Technologies, an innovator in Revenue and Business Assurance, is the leader with a 26 percent share of the total $235 million RA market in 2009 - according to a new report from Stratecast, "Revenue Assurance and Cost Management Global CSP Sector Assessment."
Highlighting the continued evolution of basic revenue assurance processes away from their traditional focus on billing issues and towards more strategic business assurance and risk management roles, the report emphasises the wider importance of data management for the future of the telecommunications industry and the central role that revenue assurance disciplines and organisations can play.
Commenting on the new report, Rui Paiva, CEO and founder of WeDo Technologies, said, "We're delighted to achieve formal recognition of our growing role in what is becoming an increasingly important and truly strategic market sector. The market for business assurance solutions is quite healthy and we've been able to combine real customer need - especially in the Latin American, European and Middle Eastern and African markets - with a strategy of both organic growth and acquisition. Service providers are recognising the crucial role that business assurance can play in enhancing customer experience while keeping tight control of their EBITDA and Net Profit margins - a vital factor if telecoms service providers are to retain their competitive position in an increasingly interconnected world."
"We see the combined revenue assurance and business management functions as an increasingly important role for long-term business success as the communications industry evolves and converges with other capabilities from the entertainment, media, IT computing and even advertising sectors", said Karl Whitelock, senior consulting analyst with Stratecast a division of Frost & Sullivan. "Blended management of revenue balanced with cost from all parts of the business is strategic and a growing concern as transaction volumes increase and external partnerships expand."
Paiva further stated "In the first quarter of 2010, orders for us grew by around 12 percent when compared with the same period last year. With Stratecast predicting a CAGR of 22 percent in revenue assurance alone, the signs from the market are positive for us."
About WeDo Technologies:
WeDo Technologies is the leading supplier of Revenue Assurance solutions for the global telecoms industry. Business Assurance RAID, the company's Revenue Assurance and Fraud product, has been implemented across the five continents. With an international presence in Portugal, Australia, Brazil, Chile, Egypt, France, Ireland, Malaysia, Mexico, Panama, Poland, Singapore, Spain, UK and USA, WeDo Technologies is also a member of the GSM Association and the TM Forum. The company was founded in Portugal in 2001. For more information, including an excerpt of the above mentioned report, please visit http://www.wedotechnologies.com.
Stratecast assists clients in achieving their strategic and growth objectives by providing critical, objective and accurate strategic insight on the global communications industry. As a division of Frost & Sullivan, Stratecast's strategic consulting and analysis services complement Frost & Sullivan's Market Engineering and Growth Partnership Services. Stratecast's product line includes subscription-based recurring analysis programs focused on Business Communication Services (BCS), Consumer Communication Services (CCS), Communications Infrastructure and Convergence (CIC), OSS and BSS Global Competitive Strategies (OSSCS), and our weekly opinion editorial, Stratecast Perspectives and Insight for Executives (SPIE). Stratecast also produces research modules focused on a single research theme or technology area such as IMS and Service Delivery Platforms (IMS&SDP), Managed and Professional Services (M&PS), Mobility and Wireless (M&W), Multi-Channel Video Programming Distribution (MVPD), and Secure Networking (SN).
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SOURCE WeDo Technologies