|
Company attributes 1,010% revenue growth to its ability to address
critical and expanding telecommunications lifecycle needs
Orange, Conn., October 19, 2007
— Tangoe, Inc., a leading global provider of enterprise communications
lifecycle management software and technology-driven solutions, has been ranked
number five on Deloitte's prestigious Technology Fast 50 Program for Connecticut.
The 2007 Fast 50 Program—based on revenue growth percentage over the five years
from 2002–2006—is a ranking of the fifty fastest growing technology, media,
telecommunications, and life sciences companies in a given geographic area by
Deloitte & Touche USA LLP, one of the nation’s leading professional
services organizations.
After being named a Deloitte
Technology Rising Star in 2004 and 2005, Tangoe ascended to the Connecticut Technology
Fast 50 in 2006 with a number two ranking. Tangoe president and CEO Al Subbloie
credits the company's 1,010 percent five year revenue growth to the Company’s
ability to address the critical and expanding needs of its customers with
innovative, high return-on-investment communications lifecycle solutions. The
average revenue growth of Connecticut’s Technology Fast 50 companies was 739 percent.
“Being recognized by Deloitte
for the fourth consecutive year as one of Connecticut’s fastest growing
technology companies is a reflection of Tangoe’s ability to address client
needs in managing the entire lifecycle of their communications infrastructure,”
explained Subbloie. “Our leadership position in our highly competitive and
ever-expanding marketplace has been fueled by our ability to single-mindedly focus
on solving the critical needs of global organizations that struggle with their
fixed and mobile communications costs and resources.”
“Sustaining
high revenue growth over five years is an exceptional accomplishment,” said Ed
Moran, Director of Product Innovation, Deloitte Services LP.. “We commend
Tangoe for making the commitment to technology and delivering on the promise of
market longevity. We are pleased to honor Tangoe on Deloitte’s Technology Fast
50.”
To qualify for the Technology
Fast 50, companies must have had operating revenues of at least $50,000 in 2002
and $5,000,000 in 2006, be headquartered in North America, and be a company
that owns proprietary technology or proprietary
intellectual property that contributes to a significant portion of the
company's operating revenues; or devotes a
significant proportion of revenues to the research and development of
technology. Using other companies' technology
or intellectual property in a unique way does not qualify.
About Tangoe, Inc.
Tangoe,
Inc., a global leader in telecommunications lifecycle solutions, provides
software and technology-driven services that enable 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. In 2006, Tangoe was No. 105 on the Inc. 500 list of fastest growing
private companies, ranked No. 64 on Deloitte's Fast 500, and was named the
second 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
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
, or by calling (203)
859.9300.
Tangoe is a registered trademark and CommCare is a trademark of Tangoe, Inc.
Tangoe
Contact:
Renee Maler
Philosophy PR + Marketing
925.968.9495
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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.
|