WeDo Technologies - worldwide leader in revenue assurance and fraud management, continues to strengthen its market leadership in risk management software solutions following a successful FY2018, which included the acquisition of new customers, expanding its product portfolio and increasing its footprint across the globe and into new verticals.
FY2018 Financial Highlights include:
- Recurring revenue as percentage of total revenue remained stable at ~50%
- Orders increased to over 60 million - including 14% growth in managed services
- Order backlog was 42,8 million - a 9% growth vs 2017
- Strong year-on-year EBITA growth
FY2018 Operational Highlights include:
- Increased customer footprint with 12 new customers in Europe, MEA, North America, APAC and South America
- Further expanded its presence in telecom, while at the same time grew its global footprint in energy, retail, banking, insurance and healthcare
- Launched RAID 8.0 along with new product modules that feature AI, machine learning and advanced analytics capabilities
- Implemented new live installations of RAID.Cloud, its cloud-native SaaS solution
- Announced an agreement with Amazon Web Services
- Recognized by Gartner as a Vendor to Watch in its CSP Fraud Management Report
- Awarded the Market Leadership Award for Financial Assurance by Frost & Sullivan
Rui Paiva, CEO of WeDo Technologies,
