ORANGE, Conn.,April 23, 2008 — Tangoe, Inc., a leading global provider of enterprisecommunications lifecycle management software and technology-enabled services,today announced the release of its CommCare™Inventory Foundation service. Offered as an option in Tangoe’s CommCare managedservices suite of offerings, or as a stand-alone project, Inventory Foundationenables clients to build a complete, accurate database of fixed and mobiletelecom inventory throughout an enterprise—serving as a solid foundation uponwhich to build a best-in-class telecom expense management (TEM) program.
The CommCareInventory Foundation service consists of a consolidated fixed and mobilecommunications inventory creation paired with a comprehensive communicationsbill audit and optimization. Together these elements enable clients to realizesignificant, ongoing savings by identifying hidden waste and processinefficiencies and redundancies. The Inventory Foundation service is also usedto establish a baseline standard prior to entering into carrier contractnegotiations. Designed as a virtually cost- and risk-free investment option,the two-part service applies cost savings realized through bill auditing andoptimizations to offset the costs of building a comprehensive enterprise-widecommunications inventory. Tangoe clients identify an average reduction ofapproximately 5-15 percent in annual telecom costs as a result of a bill audit—savingsthat far exceed associated inventory creation-related costs.
To ensure acomplete and accurate inventory of all telecom services, assets, and contractdata, Tangoe consolidates all databases and other key telecom data sourceswithin an enterprise—including carrier reports, invoices, customer servicerecords, contracts, and automated tests. In addition, Tangoe performs on-siteinventory inspections based on each client’s unique circumstances andrequirements. All of these sources are then cross-referenced prior to buildinga robust operational inventory model and identifying a full range of savingsopportunities. Utilizing patented technologies to automate the typicallylaborious and manual auditing process, Tangoe manages a complete bill audit,including vendor interaction and analysis. In addition to identifying carrierbilling errors and other credits, the audit identifies opportunities tooptimize ongoing expenses—such as eliminating excessive inventory orrecommending rate plan consolidations. Tangoe provides clients with a weeklySavings Tracker report highlighting new audit opportunities and detailing thestatus of ongoing audit submissions.“Although we’re formally introducing our InventoryFoundation service as a CommCare managed service offering, we’ve already builtan extensive base of experience and expertise helping global enterprises withboth telecom inventory consolidation and management, and bill auditing,”commented Tangoe president and CEO Al Subbloie. “Clients who have worked withTangoe in these two areas found that, in the span of a few months, theyachieved a positive return on investment from the cost savings and carriercredits captured from the subsequent bill audit and optimization. When youfactor in on-going annual savings from efficiency improvements, better managedinventory, and lower negotiated carrier rates, you can understand why clientshave found the inventory foundation service to be a highly cost effectiveinitiative.”
Tangoe, Inc., aglobal leader in telecommunications lifecycle solutions, provides software andtechnology-driven services that enable 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 patented technologiesthat enable dramatic cost reductions and process efficiencies, whichsignificantly 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 firstname.lastname@example.org,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 arepredictions based on our current expectations about future events. Theseforward-looking statements are not guarantees of future performance and aresubject to risks, uncertainties and assumptions that are difficult to predict.Our actual results, performance or achievements could differ materially fromthose expressed or implied by the forward-looking statements as a result of anumber of factors, including but not limited to, changes in: economicconditions generally, changes in technology, legislative or regulatory changesthat affect us, the availability of working capital, changes in costs and theavailability of goods and services, the introduction of competing products,changes in our operating strategy or development plans, our ability to attractand retain qualified personnel, and changes in our acquisition and capitalexpenditure plans.