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ORANGE,
Conn., February 26, 2008 — Tangoe, Inc., a leading global provider of
enterprise communications lifecycle management software and technology-driven
services, today announced that the company has received a “Strong Positive” rating in leading
independent analyst firm Gartner’s MarketScope for Telecom Expense Management,
2H07. The MarketScope report gave the TEM industry an overall market rating of
“Positive”, projecting that the market will grow approximately 30% from 2006 to
2011, reaching $1.7 billion in 2011
2007 was a year of continued growth for
Tangoe, highlighted by the successful merger with TRAQ Wireless and the launch
of the company’s comprehensive CommCare™ suite of technology-driven managed
services. In 2007 Tangoe increased its annual revenue by over 82 percent while
adding over 120 new clients to its existing client roster.
“I believe that receiving Gartner’s
highest rating possible is a testament to the talent and hard work of our
people as well as our ability to continuously innovate to address the rapidly
evolving needs of the market,” said Tangoe president and CEO Al Subbloie. “In
my opinion, the Gartner report suggests the market is starting to embrace
broader business process outsourcing and the demand for global capabilities is
becoming a requirement. Tangoe continues to meet these trends with our recently
released CommCare managed services and complementary WorldView services, which
are designed specifically to help multi-national enterprises manage their fixed
and mobile communications spending around the globe.” With CommCare and
Worldview deployed, clients can now accurately manage their complex telecom
environments both domestically and internationally with a singular, unified,
technology-driven service.
The complete “MarketScope for Telecom Expense Management,
Worldwide, 2H07” report, authored by Eric Goodness and Phillip Redman at
Gartner and published on February 7, 2008, can be viewed at www.gartner.com.
About
MarketScope
“MarketScope for Telecom Expense
Management, Worldwide, 2H07” is copyrighted February 7, 2008 by Gartner, Inc.
and is reused with permission. The MarketScope is an evaluation of a
marketplace at and for a specific time period. It depicts Gartner's analysis of
how certain vendors measure against criteria for that marketplace, as defined
by Gartner. Gartner does not endorse any vendor, product or service depicted in
the MarketScope, and does not advise technology users to select only those
vendors with the highest rating. Gartner disclaims all warranties, express or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About
Tangoe
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 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.
Tangoe Contact:
Renee Maler
Philosophy PR + Marketing
925.968.9495
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