News

Tangoe Achieves Milestone of more than 750,000 Mobile Devices Under Management

Posted on: April 29, 2008
Release date: 4/29/2008
ORANGE, Conn., April 29, 2008 — Tangoe,Inc., a leading global provider of enterprise communications lifecyclemanagement software and technology-enabled services for fixed and mobilecommunications, today announced that the company achieveda milestone of more than 750,000 mobile devices under management by itstechnology and service solutions.  Representing a dramatic acceleration inwireless-related new business, the industry-leading milestone was achieved inQ1—a record-breaking quarter in which more than 50 percent of the company’s thirty-threedirect and indirect closed sales engagements focused in part, or wholly, onenterprise wireless device management.Recent industry analyst reports revealedthat the growth rate of wireless expense management (WEM)—the fastest growingtelecom expense management segment—is soon expected to double that of fixedenterprise communications. Capitalizing on this expected growth in WEM,Tangoe’s new business adoption rates reflect the company’s ability to remainahead of industry trends by anticipating and responding to evolving marketneeds.As a result of the dramatic growth ofwireless mobile communications and data devices, organizations are increasinglyfaced with challenges to manage their mobile assets. In response, Tangoe unveiledits CommCare™ technology-enabled services offering for mobile communications in2007. Designed to address the unique challenges of the mobile enterpriseenvironment, CommCare’s mobile solution offerings span the complete range offunctionality and services required to ensure optimal financial and processmanagement including; mobile policy development and enforcement, mobilecontract negotiations, device procurement and fulfillment, invoice andinventory 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 optimizingoperational efficiencies, mitigating risk, and slashing costs for both fixed,mobile, and converged enterprise communications.

Underscoring thegrowing need for adopting a lifecycle approach to enterprise-wide mobilemanagement, Ralph Rodriguez, seniorvice president of technology research at Aberdeen Group, introduced Aberdeen’s recentWEM benchmark report, “Execute on Wireless Expense Management to Drive ROI,” bysaying: “Mobility deployments and their ongoing management require aholistic lifecycle approach to cost reduction. This is because mobile devicesare distinct within the enterprise and are inherently un-tethered, giving themdistinct obsolescence issues while being truly mission-critical to theend-user. Because of this, enterprises must look for every opportunity to drivedown wireless costs. Best-in-Class organizations recognize the value ofwireless spend visibility and are creating new ways of reducing the total costof their mobility deployments.”

“Achieving this three-quarterof a million mobile device milestone is clearly an achievement we’re proud of.  As we rapidly approach the one million devicemark in the months ahead, we remain focused on delivering value to Tangoe’sexpanding client base,” commented Tangoe president and CEO Al Subbloie. “By leveraging patented technologiesand vast domain expertise, Tangoe’s mobility solution offerings have enabledclients to gain better understanding and control of their mobile communicationsinfrastructure, and their associated costs.”

About Tangoe
Tangoe, Inc., aglobal leader in telecommunications lifecycle solutions, provides software andtechnology-enabled services that help global organizations to procure, manage,and control their fixed, mobile, and converged communications assets and theircosts. Tangoe’s software and service solutions are built upon patentedtechnologies that enable dramatic cost reductions and process efficiencies,which significantly contribute to organizational profitability. Global 2000organizations worldwide depend on Tangoe solutions to more effectively managetheir telecommunications processes. In 2007, Tangoe was named No. 149 on theEntrepreneur Hot 500 ranking of America’s fastest growing companies and wasnamed the fifth fastest growing Connecticut technology company in the DeloitteTechnology Fast 50. Tangoe has offices in Orange, Connecticut, Austin, Texas,and Hoboken, New Jersey. Tangoe provides solutions in the United States throughdirect and partner sales channels, and internationally through a global networkof certified business partners.

Additionalinformation about Tangoe, its CommCare services, patented technologies, andbusiness partners can be found at tangoe2016.wpengine.com,or requested via e-mail at sales@tangoe.com,or by calling (203) 859.9300.

Tangoe is aregistered trademark and CommCare is a trademark of Tangoe, Inc.

CAUTION REGARDINGFORWARD-LOOKING STATEMENTS

This press release containsforward-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 reflectour beliefs and assumptions based upon information available to us at the dateof this letter. We caution readers that forward-looking statements are predictionsbased on our current expectations about future events. These forward-lookingstatements are not guarantees of future performance and are subject to risks,uncertainties and assumptions that are difficult to predict. Our actualresults, performance or achievements could differ materially from thoseexpressed or implied by the forward-looking statements as a result of a numberof factors, including but not limited to, changes in: economic conditionsgenerally, changes in technology, legislative or regulatory changes that affectus, the availability of working capital, changes in costs and the availabilityof goods and services, the introduction of competing products, changes in ouroperating strategy or development plans, our ability to attract and retainqualified personnel, and changes in our acquisition and capital expenditureplans.

$38+
Billion

of spend under
management

7.5+
Million

devices managed
globally

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