Orange, Conn., July 26, 2011 — Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of communications lifecycle management software and related services, today announced the pricing of its initial public offering of 8,770,000 shares of its common stock at a price to the public of $10 per share. The shares are expected to begin trading on the NASDAQ Global Market on July 27, 2011 under the symbol “TNGO.” Tangoe is offering 7,500,000 shares of common stock and selling stockholders are offering 1,270,000 shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,315,500 additional shares of common stock at the initial public offering price to cover over-allotments, if any.
Deutsche Bank Securities Inc. and Stifel Nicolaus Weisel are acting as joint book-running managers for the offering, with Lazard Capital Markets LLC, Oppenheimer & Co. Inc., Raymond James & Associates, Inc., and Signal Hill Capital Group LLC acting as co-managers.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. The offering will be made only by means of a prospectus, copies of which may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, by telephone: 800.503.4611, or by e-mail: email@example.com, or Stifel Nicolaus Weisel, One Montgomery Street, Suite 3700, San Francisco, California 94104, by telephone: 415.364.2720.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.