Wavetec wins big in banking

Thirty years ago, Wavetec began with satellite solutions. Now, it has evolved into the UAE’s primary information display and queue management system manufacturer.

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Wavetec wins big in banking
By  ITP.net Staff Writer Published  October 25, 2010

Thirty years ago, Wavetec began with satellite solutions. Now, it has evolved into the UAE’s primary information display and queue management system manufacturer.

“For the past 15 years, we have mainly been focusing on two products. One is information display systems, mainly focused on LED displays, and then we have electronic queue management systems. This is, for example, when you go to a bank and you get your ticket and go to a waiting area,” says Tobias Bessone, General Manager of Wavetec.

The information display side of the business focuses mostly on the financial sector, particularly stock exchanges. The boards are able to display real-time stock and banking information to clients and customers who need updates on a second by second basis.

“We have succeeded here big time; we have more than 14 stock exchanges in the UAE, Qatar, Oman, Saudi and we keep going. We have been able to compete against all major LED providers around the world,” Bessone says. Wavetec  has developed the software used in the displays, allowing it to sell customers a complete package.

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