Lisbon, August 2010 - WeDo Technologies registered, in the first half of 2010, a revenue of EUR 22.8 million, an increase of 6% compared to EUR 21.4 million achieved in the same period of 2009.

Increased efficiency and profitability enabled WeDo Technologies to achieve an EBITDA of EUR 2.6 million (an increase of 26%).

During the first half of 2010, the global leader in Business and Revenue Assurance in the Telecom sector increased its orders pipeline by 14.4% to EUR 25.6 million, which leaves good perspectives for growth in the next months.

Building on these results, a recent report by Stratecast, a division of Frost & Sullivan, reveals that WeDo Technologies leads, with a share of 25%, the worldwide market for Revenue Assurance in the Telecom sector.

"Despite the uncertainty of the global market, WeDo Technologies continues to deliver solid results and very positive growth rates, confirming the defined strategy. Stratecast's report demonstrates our global leadership that although was known to us never had been officially confirmed by a specialist market analyst company" sayd Fernando Videira, WeDo Technologies’ CFO.

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 About WeDo Technologies

WeDo Technologies is the leading supplier of Revenue Assurance solutions for the global telecoms industry. Business Assurance RAID, the Revenue Assurance and Fraud product, has been implemented across the five continents. With an international presence in Portugal, Australia, Brazil, Egypt, France, Ireland, Malaysia, Mexico, Poland, Spain, UK and USA, WeDo Technologies is a member of the GSM Association and of the TM Forum. The company was founded in Portugal in 2001.

The business cases are selected annually according to criteria such as: the presence of the core decision-making process in Portugal or, at least, significant decision autonomy; recent management cases with strong impact in the business and different functional contents, like cross-company programs, the launch of a new product or business repositioning; the representation of different industries, so that students may gain exposure to sectors with different dynamics and competitive intensity, among others.

According to Prof. Manuela Calhau, leader of the Business cases module of The Lisbon MBA, "one of the main lessons that the students of The Lisbon MBA got from analyzing WeDo Technologies is the importance of contextualizing that case in its market and the different stakeholders, including its own shareholders, as a starting point to analyze and project the company's strategic options. We believe that the innovative way that WeDo Technologies positions itself will contribute to help in the training of students as future managers and leaders." 

"The Lisbon MBA is a training program for managers and leaders recognized internationally. We were pleased and honoured with this invitation, as it represented the recognition of the results of our strategy, particularly in terms of global expansion. The workshop was productive and the quality of the reports was high. With the students’ authorization we will share the reports at www.wedotechnologies.com, "says Rui Paiva, WeDo Technologies CEO.

The Lisbon MBA has a rigorous and demanding selection process; all candidates need to have a minimum of three years of professional experience, a graduation and an excellent level of English speaking.

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 click here.

About Stratecast

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).

• Customer base now includes seven out of ten of the world’s top mobile service providers
• More than 100 customers spread across 73 countries
• Important new contract wins in the Latin American and Central and Eastern European markets
• The opening of new offices in Panama, Chile, Singapore and Warsaw
• The release of RAID 6.0, WeDo Technologies’ eTOM-compliant  Business Assurance platform
• New business wins in the retail, utilities and finance sectors
• A new revenue and risk sharing business model for the company’s Praesidium consulting arm
• Employee growth to nearly 400 people – drawn from 18 different nationalities
• An active acquisition policy to complement the company’s successful organic growth so far

Centred around 15 case study presentations from customers, the User Group event also included presentations from industry analysts and consultants as well as a panel discussion on issues currently confronting revenue and business assurance and fraud specialists.

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.

The main objectives of Telefonica Moviles México with the CMS implementation were an automatic calculation and verification of the manual commissioning process to improve quality and reduce effort and costs. The CMS 5.5 solution is powered by a flexible, robust and high performance Calculation Engine. This critical component joins business entities information with the incentive configuration rules to calculate the incentive results to be paid to the sales network.

According to Carlos Alberto Jimenez Riestra, IT Director, Telefonica Moviles México, “after a strict evaluation we selected CMS as our tool for commission’s automation. For Telefonica this project will represent a significant improvement in the process of calculating commissions in terms of time, quality and costs that will result in substantial benefits to Telefonica and our distribution channels."

WeDo Technologies’ CMS includes benefits like increased service quality, shorter incentive cycles, improved alignment with corporate goals, improved ability to quickly respond to environment change, increased productivity and reduced implementation timeframe. Besides these benefits WeDo Technologies won this deal due to its superior solution, success in the Prove-of-Concept process and local presence.

“WeDo Technologies Mexico is delighted to have been selected by Telefonica Mexico for the implementation of our enterprise commission’s management system (CMS) after a stringent selection process. We are confident that the implementation will result in a reduction in operational costs and improved alignment with corporate goals,” said Jose Llabres, Managing Director for Northern Latin America of WeDo Technologies.

The project was won in June 2009 and took seven months to be implemented with 9 people involved in the execution. 

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About Telefonica Group

Telefónica is one of the world's largest telecommunications companies by market cap. Its activities are centered mainly on the fixed and mobile telephony businesses, while its broadband business is the key growth driver underpinning both. It operates in 25 countries and its customer base exceeds 268.6 million globally.

About WeDo Technologies

WeDo Technologies is the leading supplier of Revenue Assurance solutions for the global telecoms industry. Business Assurance RAID, the 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 a member of the GSM Association and of the TM Forum. The company was founded in Portugal in 2001.

For more information, please contact us here.

The “Best Leader Awards” is an annual award consisting of 6 categories:

1. "Leader in Private Enterprise Management”
2. “Leader in Public Enterprise Management”
3. “Leader in Public Administration”
4. “Leader in New Technologies”
5. “Leader in Internationalization”
6. “International Leader”

The category “Leader in new technologies” is aimed to professionals who feature prominently in their companies or entities, in fields such as information technologies, biotechnology or renewable energy. In this category are particularly valued criteria such as "Capacity for Innovation" and "Added Value".

About this recognition, Rui Paiva, WeDo Technologies’ CEO, commented "I see this award as an incentive for the whole company, because, in truth, the award was given to me but is the result of the work and effort of all. In these situations, we are really proud of the work done: World leadership in our market niche. We are a small multinational with offices in 15 countries and presented a turnover of 43 million Euros. We have customers in over 70 countries, 60% of orders generated outside of Portugal and employees of more than 17 different nationalities. It is interesting in just 9 years ... but we want more, much more. " 

About WeDo Technologies

WeDo Technologies is the leading supplier of Revenue Assurance solutions for the global telecoms industry. Business Assurance RAID, the Revenue Assurance and Fraud product, has been implemented across the five continents. With an international presence in Portugal, Australia, Brazil, Egypt, France, Ireland, Malaysia, Mexico, Poland, Spain, UK and USA, WeDo Technologies is a member of the GSM Association and of the TM Forum. The company was founded in Portugal in 2001.

A empresa registou uma estabilização das receitas acima dos 43 milhões de euros em 2009. Em termos de receitas ajustadas, tendo em conta que em 2008 houve um efeito extraordinário resultante do ganho de 1,4 milhões de euros relativo à conclusão do processo de aquisição da empresa brasileira Tecnológica, a WeDo Technologies registou um crescimento de 2%, passando de 42,477 milhões de euros (2008) para 43,379 milhões de euros (2009).

Em 2009, apesar da estagnação do mercado global, a WeDo Technologies continuou a registar fortes crescimentos em toda a Europa, América do Norte e América Latina, o que permitiu aumentar o peso do mercado internacional para 60% do total de encomendas. As receitas da WeDo Technologies fora de Portugal representaram 24,357 milhões de euros em 2009, mais 5% do que no ano anterior (23,197 milhões de euros), o que representa um contributo de 56% para o total das receitas.

A abertura de novas subsidiárias, fora de Portugal, contribuiu para o crescimento do número de colaboradores relativamente a 2008, com um aumento de 11%. Actualmente a WeDo Technologies conta com 391 colaboradores nos seus escritórios por todo o mundo. 37% dos colaboradores da Empresa são não-Portugueses com proveniência de 17 nacionalidades distintas. Em 2009 os colaboradores internacionais cresceram 22%, enquanto que os nacionais cresceram 6%.

2009 – Expansão em novos mercados e sectores

Os últimos meses de 2009 foram extremamente positivos para a WeDo Technologies, que conseguiu fechar vários negócios na América Latina, México, Europa Central (com encomendas recebidas de operadores móveis da Hungria, Arménia e Eslováquia para soluções de Revenue Assurance) e Europa. Foi também um ano forte em relacionamento com os clientes existentes da indústria de telecomunicações, nomeadamente Oi Brasil Group, Orange Group, Vodafone Group, Grupo Telefónica, Grupo Orascom, Vimpelcom Group, Cablevision México, entre outros.

2009 foi também o ano da total integração das empresas que a WeDo Technologies adquiriu em 2007, tendo a unidade de consultoria de negócios ganho relevo na área de Gestão de Riscos e Segurança em Telecom, assim como projectos promissores no sector  Financeiro e das Utilities.

Outros factos importantes em 2009

• WeDo Technologies ganhou o prémio PME Inovação COTEC - BPI 2009
• A empresa ganhou o primeiro cliente na indústria de retalho com a sua solução de Business Assurance
• WeDo Technologies abriu novos escritórios no México, Polónia, USA e Brasil.
• A empresa obteve novamente o certificado de conformidade com a norma ISO 9001:2000
• A empresa aumentou a sua equipa de Marketing, Alianças e respectiva actividade

Directrizes estratégicas para 2010

Os 5 principais desafios globais da WeDo Technologies para 2010 são:

1. Sustentar a liderança no revenue assurance no mercado das Telecomunicações nos 5 continentes;
2. Elevar o Revenue Assurance a um patamar mais elevado, chamado Business Assurance [nas Telecom];
3. Introduzir o conceito Business Assurance aos sectores do Retalho, Financeiro e Utilities
4. Continuar a desenvolver o organização por regiões e a potenciar as sinergias entre as regiões e as áreas horizontais
5. Desenvolver parcerias estratégicas e manter a atenção ao mercado de fusões e aquisições

Especificamente em Portugal os principais desafios passam por:

1. Assumir o posicionamento de “Fabricante de Software” (incluindo os professional services associados);
2. Alcançar em Portugal mais referências internacionais de Business Assurance nos sectores do Retalho, Financeiro e Utilities, tirando partido do lançamento do Business Assurance RAID v6.0 e da relação especial com o mercado Português, como mercado especialmente interessado e colaborativo na inovação de produto
3. Colocar ao serviço da sociedade Portuguesa a experiência acumulada em áreas determinantes para o futuro do país: i. Internacionalização de PMEs; ii. Qualidade, Inovação e Boas Práticas de gestão; iii. Captação e retenção de talento

Outros dados relevantes quanto a 2010:
A WeDo Technologies irá abrir quatro novos escritórios em 2010: Serão os primeiros escritórios no Chile, Panama, e Singapura e um segundo escritório na Polónia, em Varzóvia.

Sobre a WeDo Technologies
A WeDo Technologies é o fornecedor de software líder em soluções de Garantia de Negócio para a indústria de telecomunicações global, e com um histórico de sucesso de implementações de soluções de software, para a área Financeira, Utilities, Transportes, Saúde e Indústria de Retalho. A WeDo technologies está presente em 12 países em todo o mundo e possui centros de desenvolvimento de software em três.

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 About WeDo Technologies

WeDo Technologies is the leading supplier of Revenue Assurance solutions for the global telecoms industry. Business Assurance RAID, the Revenue Assurance and Fraud product, has been implemented across the five continents. With an international presence in Portugal, Australia, Brazil, Egypt, France, Ireland, Malaysia, Mexico, Poland, Spain, UK and USA, WeDo Technologies is a member of the GSM Association and of the TM Forum. The company was founded in Portugal in 2001.

Commercially, the last months of 2009 were extremely positive for WeDo Technologies:
Latin America: Signing of a continent-wide contract with an international Tier-One service provider to optimise its roaming processes.

Mexico: Order for an integrated Revenue Assurance and Fraud Management solution from a national cable operator.

Central Europe: Orders for Revenue Assurance solutions received from mobile operators in Hungary, Armenia and Slovakia.

Europe: Order for a Revenue Assurance solution from a major mobile operator in Spain.

In addition, the company will be extending its global presence still further during 2010 with the opening of new offices in Chile, Panama and Singapore, having already established itself in Egypt, Malaysia and the USA during 2008.

Sited in Hall One, Booth J31, WeDo Technologies will be sharing its stand with its subsidiary Præsidium, the Fraud, Revenue and Business Assurance consultancy.

For further information while at MWC, please contact:
Sergio Silvestre
Chief Marketing Officer
Mobile: +351 939 655 555
Email: sergio.silvestre@wedotechnologies.com

About WeDo Technologies:
WeDo Technologies is the leading supplier of Revenue Assurance solutions for the global telecoms industry. Business Assurance RAID, the Revenue Assurance and Fraud product, has been implemented across the five continents. With an international presence in Portugal, Australia, Brazil, Egypt, France, Ireland, Malaysia, Mexico, Poland, Spain, UK and USA, WeDo Technologies is a member of the GSM Association and of the TMForum. The company was founded in Portugal in 2001. For more information, visit www.wedotechnologies.com . 

About GSMA Mobile World Congress 2010
A world-class thought leadership conference featuring visionary keynotes and action-provoking panel discussions. An exhibition with more than 1,300 companies displaying the cutting-edge products and technology that will define the mobile future. For more information, please visit http://www.mobileworldcongress.com/index.htm. 

João Albergaria Resende joined WeDo Technologies team in 2001, as Senior Manager, to head the Braga office. He managed a team of more than 30 consultants and several development projects in Portugal and Brazil. João Resende was also responsible for the set-up and launch of the WeDo Technologies’ software factory in Braga.

Prior to joining WeDo Technologies, João Albergaria Resende worked for AMS – American Management Systems for 3 years. Earlier he founded a small company of control and automation projects [PCA, Projectos de Controlo e Automação].

João Albergaria Resende has a degree in Engineering and a master in Industrial Information Technology from Oporto University. João is also an MBA from INSEAD.

WeDo Technologies’ Egypt office, in operation since January 2009, has been working as a business driver in the country and serving as a platform for the Middle East and Africa. In the region, WeDo Technologies already has customers in Algeria, Ivory Coast, United Arab Emirates, Ghana, South Africa, Kenya and Kuwait in addition to those in Egypt.

WeDo Technologies will continue marking its presence in the Egyptian market with its recently announced strategy to address not only the telecommunications sector but also the Retail, Financial and Utilities sectors. The company is doubling the number of Egyptian employees in 2010, reaching about 20 workers in the Cairo office.

“Today, Mariza is the best known singer of fado, both in Portugal and abroad. On finding out about this concert, WeDo Technologies decided it could not lose the opportunity of being associated with the event. We are making a major strategic investment in the Middle Eastern and African markets. With the sponsorship of this event we will bring Portugal closer to Cairo, in turn bringing us closer to our clients and prospective clients in a very distinctive way,” says João Faísca, General Manager for the markets of Southern Europe, Middle East and Africa, for WeDo Technologies.

About WeDo Technologies
WeDo Technologies is the leading supplier of Business Assurance solutions for the Telecom, Retail, Finance and Utilities industries. Business Assurance RAID has been implemented across five continents.

For more information, visit:
www.wedotechnologies.com

According to João Valente, WeDo Technologies' General Manager for New Markets Development, "Sonae’s retail division has decided to implement the Business Assurance RAID system mainly to accelerate the detection of delays or loss of information due to inconsistencies or gaps which occur in systems or processes. With this solution we believe that Sonae will make significant gains, since RAID provides a graphical interface that lets you design and configure the validation process, allowing you to analyse the corresponding results as the process runs."

During the implementation phase, which will take eight months, a team of four staff from WeDo Technologies will provide full training and support.

Sonae's adoption of the RAID system is in line with WeDo Technologies' strategy of broadening its approach to sectors of the market such as retail, finance and utilities through the Business Assurance concept.

Aligned with this strategy WeDo Technologies is attending NRF’s Retail Big Show 2010 in Jacob K. Javits Convention Center in New York City, until January 13th. says Manuela Oliveira, Sonae’s Information Systems Director - Clients and Services.

About Sonae
Sonae is a Retail company with two major partnerships in Telecom (Sonaecom) and in the Shopping Center Management business (Sonae Sierra).
As of December 2008, the group was present in 16 countries, employed 37.500 people (it is the biggest private employer in Portugal) and reached a total turnover of 5,3 billion Euro.
Sonae’s strategic objectives are: international growth of its different business divisions, diversification of its investment pattern leveraging the strong asset base in Portugal and the pursuit of new business opportunities to support future value creation.

About WeDo Technologies
WeDo Technologies is the leading supplier of Business Assurance solutions for the Telecom, Retail, Finance and Utilities industries. Business Assurance RAID has been implemented across five continents.

For more information, visit:
www.wedotechnologies.com

The winner was announced by Fernando Ulrich, Executive President of the BPI Bank, and the award was presented to Rui Paiva, CEO of WeDo Technologies by Cavaco Silva, President of Portugal.

"WeDo Technologies accepts this prize on behalf of our team, our clients and our shareholders for their hard work and the confidence that they have always shown. We want to take our company and our country further and further in the realm of added value. We would also like to thank and express our confidence in COTEC for this award and for its work in the cause of Innovation in Portugal," said Rui Paiva, CEO of WeDo Technologies. "It is a great honour to receive this award and will be a source of pride and encouragement for all. You can count on our company for help in areas such as organisation, internationalisation, qualification and innovation which are all priorities in Portugal's agenda," Rui Paiva added.

Rui Paiva side-by-side with The President of Portugal

In 2008, WeDo Technologies invested around one million Euros in specific IDI activities in its software houses.

The PME Innovation COTEC-BPI Award, created with the support of the Público newspaper, was announced at the Network of Innovation's third meeting, held at the Estoril Conference Centre.

The TM Forum’s Management World Americas Conference will focus on operational excellence and new business models for Service Providers. It will address how to make new business models a reality and deliver the efficiencies and new service revenues that are vital for survival. The conference investigates the American markets and their economic outlook; going beyond survival and looking to recovery.

During the event, WeDo Technologies will be exhibiting at Booth # 318, where the company will show how its Business Assurance solution suite is benefiting more than 100 customers worldwide.

According to Sérgio Steiger (VP Business Development, North America): "this important event is an opportunity for WeDo Technologies to demonstrate how our customers are taking Revenue Assurance to the Next Level with Business Assurance. In the currently economical environment, Communication Providers are increasingly adopting Business Assurance solutions to improve operational effectiveness and manage risk.”

WeDo Technologies’ RAID – Business Assurance solution provides a proven, easy-to-use and flexible platform to effectively automate, manage and grow companies’ end-to-end Business Assurance processes, and provide compliance with regulatory requirements – such as Sarbanes-Oxley.