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WeDo Patents Data Gathering Technology

WeDo, the Portuguese business assurance vendor, has secured a UK and European patent for a new data collecting technology; see their press release here.The new product is described as a "Communication System with Distributed Risk Management Solution (DRMS)". Details are limited, but the purpose is to gather data about communication activities using a novel technology that is suited to decentralized IP networks. By the sounds of it, the technology will be levered to enable IP network variations of offerings for revenue assurance and fraud management, and possibly also for legal intercept of traffic and management of content.The importance of securing patent rights has been underlined by the intensity of recent patent battles between big high-tech corporations, and also by the increasing threat posed by patent trolls. Depending on the existence of alternatives to WeDo's new data gathering technology, this little story may be revealed as a big factor in any future valuation of WeDo's business. It definitely shows that WeDo are thinking ahead by investing in R&D.

WeDo, the Portuguese business assurance vendor, has secured a UK and European patent for a new data collecting technology; see their press release here.

The new product is described as a “Communication System with Distributed Risk Management Solution (DRMS)”. Details are limited, but the purpose is to gather data about communication activities using a novel technology that is suited to decentralized IP networks. By the sounds of it, the technology will be levered to enable IP network variations of offerings for revenue assurance and fraud management, and possibly also for legal intercept of traffic and management of content.

The importance of securing patent rights has been underlined by the intensity of recent patent battles between big high-tech corporations, and also by the increasing threat posed by patent trolls. Depending on the existence of alternatives to WeDo’s new data gathering technology, this little story may be revealed as a big factor in any future valuation of WeDo’s business. It definitely shows that WeDo are thinking ahead by investing in R&D.

Eric Priezkalns
Eric Priezkalnshttp://revenueprotect.com

During his career, Eric has been a Director of Risk Management for a national telco, the Chief Executive of the Risk & Assurance Group, a Chief Marketing Officer for a software business, a consultant, a public speaker and the publisher of Commsrisk since its launch in 2006. Look here for more about the history of Commsrisk and the role played by Eric.

The comms providers that Eric has worked for include Qatar Telecom, Cable & Wireless, T‑Mobile, Sky and Worldcom. In addition to his proficiency at speaking about the current scamdemic, Eric is also a qualified chartered accountant and a subject matter expert in consumer protection, enterprise risk management, fraud prevention, data integrity and billing accuracy. Eric was the lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He can be reached through the contact form on this website.

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2 COMMENTS

  1. didnt find DRMS on wikipedia so i dont understand the connection between data collection and risk managment

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