Business Issues -> Change
Released: 7th March 2013
Lisbon / London / Washington – March 7th, 2013 – Today, WeDo Technologies, a worldwide leader in enterprise business assurance, announced it has closed FY 2012 with its strongest financial results to date, following a focus on customer satisfaction and new project wins, product innovation and growth through acquisition. Furthermore, leading indicators show that the company is well on track to deliver successfully on its ambitious strategy for the period 2011–2015.
WeDo Technologies’ financial highlights for 2012 include:
2012 key achievements
WeDo Technologies’ success in 2012 was contributed to by a number of key achievements:
“This is a truly record year for WeDo Technologies, with excellent top line growth, sustainable EBITDA growth and continued R&D investment”, commented Fernando Videira, WeDo Technologies’ CFO. “The financial results highlight WeDo Technologies as the biggest and most robust player in revenue assurance and fraud management software in the world and this is down to the extraordinary strategic focus and efficiency of the whole WeDo Technologies team”.
2013 and beyond
The WeDo Technologies’ management team aims to reach the $100 million plus target before the end of 2015, increasing its global market share in telecoms revenue assurance and fraud management software and becoming a multi-industry software company, through its enterprise business assurance software – RAID.
This year, to help make this goal a reality, WeDo Technologies will be actively looking for growth opportunities in Southeast Asia (Indonesia and/or Malaysia) as it continues to build on last year’s acquisition. The company will also set about defining its strategic plan for the 2014-2020 period as market evolution is creating new and important opportunities for companies with the competences, assets and strategic relationships that WeDo Technologies’ possesses.
Published by: IT Analysis Communications Ltd.
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