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.