ORANGE, Conn., May 23, 2006—Tangoe, Inc., the leading globalprovider of enterprise telecommunications expense management (TEM)software and services, today announced the signing of an unprecedentednumber of new deals in 2005 and Q1 of 2006. With such strong customerand partner support behind the company, Tangoe’s momentum points to anincreasingly critical need for TEM in global business and positions thecompany well to extend its industry leadership.A record growth rate for the company, Tangoe added 28 new customersin 2005 and an additional 25 new customers in Q1 of 2006, includingsuch names as Aon, Fidelity National Information Services, IntegratedFinancial Services Division, and Delta Dental. Extending its globalecosystem of partners, Tangoe also signed eight new domestic andinternational partnerships in 2005 and another four in early 2006,including such names as Calence, ParseLogic, and Convergence StrategiesConsulting Group.
Tangoe’s Communications Management Platform (CMP) enables companiesto manage a complete range of integrated TEM processes, providingincreased visibility into, and control of, their voice, data, andwireless telecommunications spend—often the third largest expensewithin an organization after labor costs. With Tangoe’s software,companies report savings in the millions of dollars, or up to 50percent or more of their annual telecom budget, by more effectivelymanaging their enterprise-wide communication resources and the entirelifecycle of communication processes including: services procurement,contract management, bill processing and approvals, inventorymanagement, bill auditing, call accounting, and reporting and analysis.
“A vast majority of the 53 new companies that selected CMP to managetheir communications platform are global companies with annualcommunications budgets of tens or hundreds of millions of dollars,”said Al Subbloie, Tangoe president and CEO. “As a testament to ourstrong and unique value proposition, these companies represent anextremely high win rate for Tangoe in a fiercely competitiveenvironment. We are encouraged by the sheer volume of partnershipinquiries and agreements signed in the past year, which tells us thatsystem integrators, managed service providers, and business processoutsourcers view our technology and support structure as criticalcomponents of their continued success.”
Tangoe, Inc., the global leader in Telecom Expense Management (TEM)solutions, develops and supports software products and consultingservices that enable organizations to better understand, manage, andcontrol their enterprise-wide voice, data, and wirelesstelecommunications services and their costs. Tangoe’s flagship softwareproduct, the Communications Management Platform (CMP), provides atechnology foundation that enables dramatic cost reductions andimproved management processes, which significantly contribute toorganizational profitability. Fortune 1000 organizations nationwidedepend on Tangoe software and services to optimize theirtelecommunications expense management processes. Named for twoconsecutive years as a Deloitte Rising Star, Tangoe is headquartered inOrange , Connecticut and provides solutions in the United Statesthrough direct and partner sales channels, and internationally throughpartner sales channels.
Tangoe is a registered trademark of Tangoe, Inc.