Deal will add "strong cross-selling" opportunity
WeDo Technologies has acquired US-based Connectiv Solutions, in a deal that it said gives it a "complete business assurance portfolio".
Connectiv Solutions offers traffic management, interconnect management, revenue assurance and managed services to telecoms operators, enabling them to simplify vast and complex data streams and identify cost saving opportunities.
A WeDo spokesperson told Mobile Europe that combining those capabilities with its own business assurance capabilities would create "very strong upselling and cross selling opportunities of both market offers in both customer bases".
"The combined strengths of Connectiv Solutions and WeDo Technologies now enable the company to provide customers with a complete business assurance portfolio. Whether a customer needs network optimisation, margin management, revenue assurance or fraud management, we can deliver a comprehensive, industry leading solution. That's a unique offering not many can match," the spokesperson added.
The deal will significantly strengthen WeDo Technologies’ presence in North America; Connectiv Solutions has more than 10 customers in USA and 4 out of the top 10 Wireless operators in the country are Connectiv Solutions’ customers. Its revenues were around $8 million for FY2011. It will also add increased SaaS and managed services revenues streams to WeDo's business mix.
"Rui Paiva, WeDo Technologies’ CEO, said, “One of our strategic ambitions was to become a major player in the revenue assurance and fraud management space in North America both on SaaS and Managed Services business models; this deal with Connectiv Solutions enables us to realise these ambitions”.