News

Tangoe Closes Vodafone Telecom Expense Management Transaction

Posted on: June 13, 2016

June 13, 2016 08:15 AM Eastern Daylight Time

ORANGE, Conn.–(BUSINESS WIRE)–Tangoe, Inc. (NASDAQ:TNGO), a leading global provider of IT Expense Management (ITEM), which includes Telecom Expense Management (TEM), Managed Mobility Services (MMS), and Cloud Expense Management, today announced that it has closed the transactions contemplated by its strategic partnership with Vodafone announced on April 6, 2016. This strategic partnership agreement named Tangoe as Vodafone’s preferred global TEM provider.

Specifically, Tangoe has acquired Vodafone’s existing TEM technology and a majority of Vodafone’s TEM employees have transferred to Tangoe. Also, Tangoe acquired some of the TEM contracts from Vodafone and the rest will be serviced by Tangoe as part of the strategic partnership.

About Tangoe

Tangoe (NASDAQ:TNGO) is a leading global provider of IT Expense Management (ITEM), which includes Telecom Expense Management (TEM), Managed Mobility Services (MMS), and Cloud Expense Management software and services to a wide range of global enterprises and service providers. The Matrix is Tangoe’s technology and services platform designed to help companies transform the management of IT assets, services, expenses and usage to create business value, increase efficiency and deliver a positive impact to the bottom line. Additional information about Tangoe can be found at www.tangoe.com.

Tangoe is a registered trademark of Tangoe, Inc.

Contacts

Investor:
ICR, Inc.
Seth Potter, 646-277-1230
investor.relations@tangoe.com
or
Media:
Tangoe, Inc.
Shannon Cortina, 732-637-2010
shannon.cortina@tangoe.com

$38+
Billion

of spend under
management

7.5+
Million

devices managed
globally

Translate »