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Tangoe, Inc. and Telwares, Inc. Complete Strategic Acquisition and Global Alliance

Release date: 3/24/2011
Tangoe acquires Telwares’ telecom expense management practice and forms global strategic alliance with Telwares’ network and IT advisory business
 March 18, 2011 — Tangoe, Inc., a leading global provider of enterprise communications lifecycle management software and related services, and Telwares Inc., a leading provider of network and IT advisory and cost-out services, today announced Tangoe’s acquisition of Telwares’ telecom expense management business.  Under the terms of the agreement, Tangoe will assume ownership of Telwares’ invoice management, call accounting, and mobile device management operations including the related customers, support services, and staff located in Pueblo and Greenwood Village, CO, and Parsippany, NJ. Tangoe and Telwares also announced a strategic global alliance that enables the companies to offer a combination of Tangoe’s telecom expense and mobile device management offerings together with Telwares’ deep expertise in next-generation network advisory and strategic sourcing solutions.“Tangoe’s business strategy continues to encompass organic growth, key acquisitions, and strategic alliances.  This acquisition provides immediate expansion and scale, and the Telwares strategic alliance provides additional market reach which fuels future organic growth,” said Al Subbloie, President, CEO, and founder of Tangoe.  “The addition of highly skilled resources with extensive industry knowledge and expertise allows us to continue to deliver exceptional value to our customers while meeting the rapid growth in global demand for our solutions.”“This transaction reflects our focus on delivering transformational network, cost optimization, and IT advisory services to large enterprises,” said Charlotte Yates, Chief Executive Officer of Telwares. “Through our partnership, clients can leverage our leading consulting solutions combined with the scale and breadth of Tangoe’s communications lifecycle management offerings, maximizing the core strengths of both organizations.”About TangoeTangoe is a leading global provider of Communications Lifecycle Management (CLM) software and related services to a wide range of global enterprises. CLM encompasses the entire lifecycle of an enterprise’s communications assets and services, including planning and sourcing, procurement and provisioning, inventory and usage management, invoice processing, expense allocation and accounting, mobile device management (MDM), decommissioning, and disposal. Tangoe’s Communications Management Platform (CMP) is an on-demand suite of software designed to manage and optimize the complex processes and expenses associated with this lifecycle for both fixed and mobile communications assets and services. Tangoe’s customers can also manage their communications assets and services by engaging Tangoe’s client service group.Additional information about Tangoe can be found at Tangoe is a registered trademark of Tangoe, Inc. 

About Telwares

Telwares, Inc. is a leading provider of network and IT advisory and cost-out services, and exclusive producer of the CIO Global Forum, a bi-annual educational event serving the global CIO community. As the trusted advisor to hundreds of leading enterprise organizations for the sourcing, optimization and management of telecom and IT investments, Telwares enables medium and large enterprises to create and implement next-gen network strategies, implement innovative solutions for competitive advantage, execute short- and long-term cost-out opportunities, and articulate the value IT delivers to their broader businesses. The Telwares team and portfolio of capabilities deliver expertise across multiple aspects of IT, from tested and repeatable best practices to sourcing and expense management technologies that drive visibility, accountability and measurable results. Telwares works with some of the most recognized companies in the world, spanning major industry verticals. This broad base of engagement speeds results and innovation by applying real-time intellectual property and best practices, enhancing supplier responsiveness and extending access to a network of essential supplier relationships.