READING, U.K. -- WeDo Technologies, a leader in revenue and business assurance solutions, today announced record results for the financial year 2011, following a focus on customer satisfaction and winning new projects whilst increasing its international presence and growing the business assurance market. WeDo Technologies’ international revenues represented 67.4 per cent of its turnover, growing 5.4 per cent in the last year after reinforcing its position in the Middle East and Africa.
Financial highlights
WeDo Technologies is a world leader in revenue assurance software and is in the top three in the world in the aggregated software markets of revenue assurance and fraud management. The company’s financial highlights for 2011 include:
Record year on sales orders: €52.0 million ($72.3 million)
Revenues: €46.2 million ($64.3 million)
EBITDA*: 4.3 per cent growth to €5.6 million ($7.8 million) and 12 per cent EBITDA margin
11th consecutive year of positive EBITDA
2011 key achievements
WeDo Technologies’ success in 2011 was contributed to by a number of key achievements. During 2011, the company won:
Six new key telecom accounts in Central Africa, the Middle East, Asia Pacific, the USA, Eastern Europe
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