WDC Networks, registered as Livetech da Bahia Indústria e Comércio S.A. and traded on B3 under the ticker WDCN3, is a Brazilian company founded in 2004 by Vanderlei Rigatieri Junior and Francisco Sergio Day de Toledo. The company started out focused on marketing wireless technology products and data network transmission, initially serving niches such as radio-based internet. Over the years, it expanded its scope to broadband, electronic security, unified communications, data center infrastructure, professional audio and video, data security, internet of things (IoT) and, later, solar photovoltaic energy. Its trajectory includes milestones such as its entry into the electronic security market in 2007, the start of operations in FTTH (Fiber to the Home) telecommunications equipment in 2011, and the opening of an industrial distribution center in Ilhéus, Bahia, in 2012, within the local IT Hub (Polo de Informática), with tax incentives and handling capacity of more than 2 million units per year.

Over the course of its development, WDC adopted a business model based both on distributing and assembling telecommunications, IT and solar energy equipment, and on offering complete solutions in a rental format, through the TaaS (Technology as a Service) model. This model, launched in 2013, structures equipment rental contracts with terms of up to 60 months and no purchase option at maturity, turning traditional Capex investments into recurring operating expenses (Opex). The company maintains its own production at industrial units in Bahia, assembling telecom, networking, security, professional audio and video, automation and solar energy products under the SKD (Semi Knock Down) model, combining imported inputs from suppliers in the United States, Europe, China and the domestic market with local assembly, seeking operational efficiency and tax benefits.

WDC Networks’ main activities were organized, up to 2024, into three operating segments: Telecom, Enterprise and Solar, which also reflected revenue segmentation. The Telecom segment focuses on fiber optic network solutions (FTTx), including signal distribution hubs, optical modems, fiber optic cables, passive network components and fusion splicers, as well as data network and Wi-Fi products such as switches, routers and structured cabling. This arm also covers data center infrastructure, offering racks, cable trays, UPSs, fire systems and generators, often bundled as complete systems in an “as a service” model. The Enterprise segment comprises electronic security systems (IP cameras, access control, alarms and fire detection), cybersecurity solutions (firewalls, protection against attacks, internet access control), office and home automation (automation kits, Wi-Fi devices, electronic locks, lighting and climate control systems), and professional audio and video products and LED panels, targeting out-of-home media, events, churches and corporate environments.

The Solar segment, launched in 2020, added the supply of photovoltaic power generators to the operation, with a factory in Extrema (MG) and a production unit in Salvador (BA) dedicated to assembling distributed generation kits for plants, solar farms and projects of various sizes, including commercial and residential applications. These kits use imported components, integrated locally, and began to complement solutions already sold to internet service providers, companies and integrators, enabling the incorporation of clean energy into telecommunications and IT infrastructure projects. In 2024, the company’s consolidated net revenue reached R$ 837.9 million, with the Telecom segment accounting for 57.1% of the total, Enterprise for 35.1% and Solar for 7.8%, which shows a predominant weight of telecommunications and IT equipment and solutions in revenue generation. Between 2018 and 2024, the customer base grew from 3,560 to 6,408, reflecting greater participation in markets such as regional internet providers, systems integrators and large corporate clients.

WDC Networks’ commercial activities are mainly directed toward regional internet providers (ISPs), telecommunications operators, security systems integrators, data centers, OOH media companies, building and home automation integrators, as well as corporate clients in various sectors such as banks, condominiums, shopping malls and service companies. There is no concentration dependence on a single buyer, since no individual customer accounted for more than 10% of net revenue in 2024. The company also develops specific solutions for “digital cities”, with public road monitoring projects for municipalities, integrating surveillance cameras and control centers. In the cybersecurity field, the portfolio has been strengthened through acquisitions, aiming to meet growing demand arising from regulatory milestones such as the General Data Protection Law (LGPD).

Geographically, WDC Networks has a strong nationwide presence, serving clients in all Brazilian states through a decentralized logistics structure, with distribution centers in Ilhéus and Salvador (BA), São Paulo (SP) and Itajaí (SC), in addition to factories in Bahia. Internationally, the company operates a logistics center in Panama and sales offices in Colombia and the United States, focused on serving Latin America. In 2024, 93.04% of net revenue was generated by customers based in Brazil, while 6.96% came from abroad, with a relevant portion of these foreign sales destined for Brazilian clients operating outside the country. WDCN3 shares, admitted to B3’s Novo Mercado segment after the IPO held in 2021, reflect a corporate governance structure aligned with the practices required for publicly traded companies with dispersed ownership.

WDC’s operations are subject to a set of technical and sector regulations, especially in the telecommunications, electrical equipment and data protection markets. Many of the products sold require approval from the National Telecommunications Agency (Anatel), which demands compliance tests conducted by certification bodies and accredited laboratories. Certain items also require Inmetro certification, which grants registration for the use of the conformity seal following technical evaluation by accredited bodies. The company is also subject to the provisions of the LGPD in handling personal data, especially in businesses related to cybersecurity and digital solutions, as well as to the rules of the Regional Engineering and Agronomy Council of Bahia (CREA-BA) due to engineering activities related to the installation of systems and projects. In addition, industrial and assembly operations must comply with federal environmental legislation, including the National Environmental Policy and the Environmental Crimes Law, with potential licensing obligations and environmental liabilities at different levels.

Regarding environmental, social and governance practices, WDC Networks reports initiatives associated with providing solar energy solutions, which contribute to distributed renewable electricity generation and CO² emissions reduction for its clients. The Ilhéus plant uses rainwater harvesting and solar and wind energy sources, indicating environmental efficiency measures at its own facilities. On the social front, the company runs donation programs, waste collection campaigns such as beach plastic and battery drives, and holds charity sales events in support of aid organizations, in addition to investing in functional training and health benefits for employees and their families. In governance, it maintains an external audit committee and has hired a large independent audit firm since 2017, in line with its status as a publicly traded company listed on B3. With the evolution of the TaaS model and acquisitions such as the 51% stake in Infinite Consulting, specialized in network engineering and managed services, WDC is expanding its scope from equipment distributor and assembler to integrated provider of technology solutions and services for telecommunications, IT and distributed energy.

As a company listed on B3, with common shares WDCN3, WDC Networks positions itself as a supplier of technology infrastructure and connectivity, security, automation and solar energy solutions, with a predominant focus on corporate clients, integrators and digital service providers. The business model combines equipment sales, local assembly with tax benefits and long-term rental contracts, resulting in recurring revenues spread across various segments and markets. This combination of distribution, partial production and technology services underpins the company’s presence in multiple links of the telecommunications and IT value chain, both in Brazil and in other Latin American markets, while keeping revenue predominantly concentrated in the domestic market and with greater exposure to the telecommunications segment in its earnings structure.