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Tangoe Reports Record Sales Volume and Revenue in Q1 2008 Print E-mail
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 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
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