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ORANGE, Conn., April 29, 2008 — Tangoe,
Inc., a leading global provider of enterprise communications lifecycle
management software and technology-enabled services for fixed and mobile
communications, today announced that the company achieved
a milestone of more than 750,000 mobile devices under management by its
technology and service solutions. Representing a dramatic acceleration in
wireless-related new business, the industry-leading milestone was achieved in
Q1—a record-breaking quarter in which more than 50 percent of the company’s thirty-three
direct and indirect closed sales engagements focused in part, or wholly, on
enterprise wireless device management.
Recent industry analyst reports revealed
that the growth rate of wireless expense management (WEM)—the fastest growing
telecom expense management segment—is soon expected to double that of fixed
enterprise communications. Capitalizing on this expected growth in WEM,
Tangoe’s new business adoption rates reflect the company’s ability to remain
ahead of industry trends by anticipating and responding to evolving market
needs.
As a result of the dramatic growth of
wireless mobile communications and data devices, organizations are increasingly
faced with challenges to manage their mobile assets. In response, Tangoe unveiled
its CommCare™ technology-enabled services offering for mobile communications in
2007. Designed to address the unique challenges of the mobile enterprise
environment, CommCare’s mobile solution offerings span the complete range of
functionality and services required to ensure optimal financial and process
management including; mobile policy development and enforcement, mobile
contract negotiations, device procurement and fulfillment, invoice and
inventory management, rate assurance testing, mobile plan optimization,
inventory management, and reporting. As an integrated suite of offerings,
CommCare provides a best-of-breed, single source solution for optimizing
operational efficiencies, mitigating risk, and slashing costs for both fixed,
mobile, and converged enterprise communications.
Underscoring the
growing need for adopting a lifecycle approach to enterprise-wide mobile
management, Ralph Rodriguez, senior
vice president of technology research at Aberdeen Group, introduced Aberdeen’s recent
WEM benchmark report, “Execute on Wireless Expense Management to Drive ROI,” by
saying: "Mobility deployments and their ongoing management require a
holistic lifecycle approach to cost reduction. This is because mobile devices
are distinct within the enterprise and are inherently un-tethered, giving them
distinct obsolescence issues while being truly mission-critical to the
end-user. Because of this, enterprises must look for every opportunity to drive
down wireless costs. Best-in-Class organizations recognize the value of
wireless spend visibility and are creating new ways of reducing the total cost
of their mobility deployments."
“Achieving this three-quarter
of a million mobile device milestone is clearly an achievement we’re proud of. As we rapidly approach the one million device
mark in the months ahead, we remain focused on delivering value to Tangoe’s
expanding client base,” commented Tangoe president and CEO Al Subbloie. “By leveraging patented technologies
and vast domain expertise, Tangoe’s mobility solution offerings have enabled
clients to gain better understanding and control of their mobile communications
infrastructure, and their associated costs.”
About Tangoe
Tangoe, Inc., a
global leader in telecommunications lifecycle solutions, provides software and
technology-enabled services that help global organizations to procure, manage,
and control their fixed, mobile, and converged communications assets and their
costs. Tangoe's software and service solutions are built upon patented
technologies that enable dramatic cost reductions and process efficiencies,
which significantly contribute to organizational profitability. Global 2000
organizations worldwide depend on Tangoe solutions to more effectively manage
their telecommunications processes. In 2007, Tangoe was named No. 149 on the
Entrepreneur Hot 500 ranking of America's fastest growing companies and was
named the fifth fastest growing Connecticut technology company in the Deloitte
Technology Fast 50. Tangoe has offices in Orange, Connecticut, Austin, Texas,
and Hoboken, New Jersey. Tangoe provides solutions in the United States through
direct and partner sales channels, and internationally through a global network
of certified business partners.
Additional
information about Tangoe, its CommCare services, patented technologies, and
business partners can be found at www.tangoe.com,
or requested via e-mail at
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,
or by calling (203) 859.9300.
Tangoe is a
registered trademark and CommCare is a trademark of Tangoe, Inc.
CAUTION REGARDING
FORWARD-LOOKING STATEMENTS
This press release contains
forward-looking statements that involve substantial uncertainties and risks.
These forward-looking statements are based upon our current expectations,
estimates and projections about our business and our industry, and that reflect
our beliefs and assumptions based upon information available to us at the date
of this letter. We caution readers that forward-looking statements are predictions
based on our current expectations about future events. These forward-looking
statements are not guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict. Our actual
results, performance or achievements could differ materially from those
expressed or implied by the forward-looking statements as a result of a number
of factors, including but not limited to, changes in: economic conditions
generally, changes in technology, legislative or regulatory changes that affect
us, the availability of working capital, changes in costs and the availability
of goods and services, the introduction of competing products, changes in our
operating strategy or development plans, our ability to attract and retain
qualified personnel, and changes in our acquisition and capital expenditure
plans.
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Tangoe Contact:
Renee Maler
Philosophy PR + Marketing
925.968.9495
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