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Surging momentum fueled by rapid adoption rate of integrated fixed and
mobile telecom lifecycle management solutions
ORANGE, Conn., June 3, 2008 — Tangoe, Inc., a
leading global provider of enterprise communications lifecycle management
software and technology-enabled services, today reported record volume for direct and indirect sales during the period between
January 1 and March 31, 2008. Tangoe won thirty-three direct and indirect deals
in Q1 2008, reflecting the company’s increasing customer base diversification
and surging growth in integrated, fixed- and mobile-related business. More than
15 percent of new business originated from international clients with
headquarters outside of the United States, and approximately 50 percent of the managed
services deals sold by the Company’s direct sales force were for the combined
management of both fixed and mobile communications.
Riding strong momentum in 2007—when the company saw a record number of new
bookings, client proposals, and RFP responses—Tangoe pointed to the release of its
CommCare™ managed services in 2007 as a key growth driver. In fact, 90 percent
of the company’s Q1 direct deals involved components of CommCare’s suite of
managed services and consulting services.
A significant component of Tangoe’s Q1 performance was attributed to
strong sales of technology-based managed services in regions outside the United
States. A high percentage of international sales involved mobile communication
management services, due to the advanced international mobile infrastructure
and increasing dependence on mobile communications and mobile computing
devices. With multi-currency capabilities, international display formats,
international carrier bill mapping capabilities, and language localization,
Tangoe’s technologies have enabled international partners to provide effective
expense management services within their regions.
Tangoe’s CommCare suite of managed services provides organizations with
the visibility and control needed to effectively and efficiently manage fixed,
mobile, and converged communications throughout their global enterprise. Built
upon Tangoe’s patented CMP automation technology, the integrated suite of
offerings provides a best-of-breed, single source solution for optimizing
operational efficiencies, mitigating risk, and slashing costs for fixed,
mobile, and converged enterprise communications.
“Our performance is a confluence of
factors—a perfect storm if you will—that have come together to fuel our growth
in early 2008,” commented Al Rossini, senior vice president of global sales and
marketing at Tangoe. “A key factor has been a growing proliferation and
dependence on mobile and wireless devices within enterprises, which has
considerably driven-up costs and complexity. Tangoe’s strategic decision to
integrate our wireless and wireline services into one seamless offering has, as
proven by our record setting quarter, met with overwhelming market acceptance.
In today’s economic climate, companies are renewing their efforts to boost
operational efficiencies and wring maximum costs out of their voice, data, and
wireless expenses.”
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.
Tangoe Contact:
Renee Maler
Philosophy PR + Marketing
925.968.9495
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