Mobileum, an analytics-based roaming and risk management platform, has acquired WeDo Technologies for an undisclosed amount.
Portugal-headquartered WeDo is a risk and business management solution provider for communication service providers around the world. Its technology helps them to boost revenues, mitigate risk, and prevent fraud on their network.
The fraud management services help a firm detect, prevent and manage fraud instances from a single platform. Fraud types including Roaming, bypass, IRSF, high-usage, subscription, prepaid and dealer, can all be mitigated through WeDo’s machine learning-powered data analytics service.
Through this acquisition, Mobileum will broaden its fraud and risk management and revenue assurance services for netowk operators.
This acquisition will help bolster Mobileum’s presence globally, with the combined platform having a combined team of 1,100 employees spread across 30 locations to serve 700 customers in 180 countries.
Mobileum delivers analytics tools to boost revenue and digital transformation of communication providers. Its anti-fraud services protect companies in real-time from various fraud types.
WeDo Technologies CEO Rui Paiva said, “Mobileum, with its complementary business and global customer reach, is an ideal partner for WeDo Technologies as we embark on the next stage in our growth.
“The combined business offers our customers a richer and more diverse portfolio of solutions in the domains of Revenue Assurance, Fraud Management, Network Security, Roaming and Interconnect. As the mobile industry continues to evolve, this transaction will allow us to continue to invest in the future architecture, assuring the success of our customers along a journey of continuous transformation.”
Copyright © 2019 FinTech Global
