News

Tangoe, Inc. One of CT’s Fastest Growing Technology Companies in the Deloitte Fast 50

Posted on: October 15, 2006
Release date: 10/15/2006
Company attributes 2nd place ranking to its 3,791 percent revenue growthORANGE, Conn., October 16, 2006—Tangoe, Inc., the leading providerof enterprise telecommunications expense management software andservices, has been named to Deloitte’s prestigious Technology Fast 50Program for the Connecticut Region, a ranking of the 50 fastest growingtechnology companies in the area by Deloitte & Touche USA LLP, oneof the nation’s leading professional services organizations. Rankingsare based on the percentage revenue growth over five years fromTangoe’s increase in revenues of 3,791% percent from 2001 to 2005resulted in a second place ranking in the Technology Fast 50 forConnecticut. The average increase in revenues among companies who madethe Technology Fast 50 for this region was 598 percent.

“Deloitte’s Connecticut Technology Fast 50 companies have shown thestrength, vision and tenacity to succeed in today’s very competitivetechnology environment,” said Alex Discepolo, Director Lead TaxServices, Deloitte Tax LLP, Connecticut. “We applaud the successes ofTangoe and acknowledge it as one of few companies in this region toaccomplish such a fast growth rate over the past five years.”

“We are once again honored to be recognized by Deloitte and theConnecticut Technology Council for our strong performance,” said Tangoepresident, CEO, and founder Al Subbloie. “This accomplishment, as wellas our remarkable growth as a company, rest squarely on the shouldersof Tangoe’s hardworking team of associates, a dedicated group ofindividuals who come together every day to solve client problems in abetter way. The continual innovation and old fashioned hard workdisplayed by everyone at Tangoe makes me proud to be a member of theteam.”

To qualify for the Connecticut Technology Fast 50, companies musthave had operating revenues of at least $50,000 in 2001 and $5,000,000in 2005, be headquartered in Connecticut, and be a company that ownsproprietary technology or proprietary intellectual property thatcontributes to a significant portion of the company’s operatingrevenues; or devotes a significant proportion of revenues to theresearch and development of technology. Companies using othercompanies’ technology or intellectual property in a unique way are notqualified.

Winners of the 16 regional Technology Fast 50 programs in the UnitedStates and Canada are eligible to be entered into the Deloitte’sTechnology Fast 500 program, which ranks North America’s top 500fastest growing technology, media, telecommunications and life sciencescompanies. For more information on Deloitte’s Technology Fast 50 orTechnology Fast 500 programs, visit www.fast500.com.

About Tangoe
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. Named one ofConnecticut’s fastest growing technology companies in the DeloitteTechnology Fast 50 and placing number 105 on the 2006 Inc. 500 list,Tangoe is headquartered in Orange, Connecticut and provides solutionsin the United States through direct and partner sales channels, andinternationally through partner sales channels.

$35+
Billion

of spend under
management

10+
Million

devices managed
globally

Translate »