3,791 percent revenue growth attributed to industry acceptance of Tangoe’s automated telecom expense management solutionORANGE, Conn., October 19, 2006—Tangoe, Inc., theleading provider of enterprise telecommunications expense managementsoftware and services, today announced that it ranked No. 64 onDeloitte’s 2006 Technology Fast 500, a ranking of the 500 fastestgrowing technology, media, telecommunications, and life sciencescompanies in North America. Rankings are based on percentage revenuegrowth over five years, from 2001–2005.Tangoe president andCEO Al Subbloie credits the company’s 3,791 percent revenue growth overthe past five years to the market’s ready acceptance of Tangoe’sautomated telecom expense management (TEM) software andtechnology-based services.
“It’s a remarkable achievement to make the Deloitte Fast 500 list,much less the top 15 percent,” said Subbloie. “I consider this award awin for everyone at Tangoe who has worked so hard to understand whatcompanies worldwide need to regain control of their telecom expenses.The team has developed the most innovative and comprehensive solutionin the industry to meet customer needs while delivering outstandingresults.”
“Deloitte’s Technology Fast 500 companies have shown the strength,vision, and tenacity to succeed in today’s very competitive technologyenvironment,” said Tony Kern, deputy managing principal of Deloitte’sTechnology, Media & Telecommunications industry practice. “Weapplaud the successes of Tangoe and acknowledge it as one of the veryfew to accomplish such a fast growth rate over the past five years.”
In addition to ranking on Deloitte’s Technology Fast 500,Tangoe ranked second on this year’s Connecticut Technology Fast 50,which is a ranking of the 50 fastest growing technology firms in thestate. Tangoe was previously awarded two consecutive “Rising Star”awards by Deloitte Technology.
Tangoe, Inc., the global leader in Telecom Expense Management(TEM) solutions, delivers software products and consulting servicesthat enable organizations to better understand, manage, and controltheir enterprise-wide voice, data, and wireless telecommunicationsservices and their costs. Tangoe’s flagship software product, theCommunications Management Platform (CMP), provides a technologyfoundation that enables dramatic cost reductions, which significantlycontribute to organizational profitability. Global 2000 organizationsworldwide depend on Tangoe software and services to optimize theirtelecommunications expense management processes.
In 2006, Tangoe placed at No. 105 on the Inc. 500 list, ranked No.64 on Deloitte’s Fast 500, and was named the second fastest growingConnecticut technology company in the Deloitte Technology Fast 50.Tangoe is headquartered in Orange, Connecticut and provides solutionsin the United States through direct and partner sales channels, andinternationally through partner sales channels.
Tangoe is a registered trademark of Tangoe, Inc.
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