WeDo Buys Cape

The consolidation of revenue assurance vendors continues apace. Portugese business WeDo Consulting has acquired Irish firm Cape Technologies for EUR17m (US$24.3m), rising to EUR20m (US$28.6m) if performance targets are met. Read the press release from WeDo here. This ends a long spell of rumours about the future for the Dublin-headquartered Cape. One of Cape’s largest customers commented today: “I wasn’t surprised.” WeDo is boasting it will become the world leader in revenue assurance thanks to its 370 employees, though it remains to be seen whether the “merger” as the parties are describing it, really will have no impact on headcount in the long run.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.