Release date: 10/19/2007
Company attributes 1,010% revenue growth to its ability to addresscritical and expanding telecommunications lifecycle needs
Orange, Conn., October 19, 2007— Tangoe, Inc., a leading global provider of enterprise communicationslifecycle management software and technology-driven solutions, has been rankednumber five on Deloitte’s prestigious Technology Fast 50 Program for Connecticut.The 2007 Fast 50 Program—based on revenue growth percentage over the five yearsfrom 2002–2006—is a ranking of the fifty fastest growing technology, media,telecommunications, and life sciences companies in a given geographic area byDeloitte & Touche USA LLP, one of the nation’s leading professionalservices organizations.
After being named a DeloitteTechnology Rising Star in 2004 and 2005, Tangoe ascended to the Connecticut TechnologyFast 50 in 2006 with a number two ranking. Tangoe president and CEO Al Subbloiecredits the company’s 1,010 percent five year revenue growth to the Company’sability to address the critical and expanding needs of its customers withinnovative, high return-on-investment communications lifecycle solutions. Theaverage revenue growth of Connecticut’s Technology Fast 50 companies was 739 percent.
“Being recognized by Deloittefor the fourth consecutive year as one of Connecticut’s fastest growingtechnology companies is a reflection of Tangoe’s ability to address clientneeds in managing the entire lifecycle of their communications infrastructure,”explained Subbloie. “Our leadership position in our highly competitive andever-expanding marketplace has been fueled by our ability to single-mindedly focuson solving the critical needs of global organizations that struggle with theirfixed and mobile communications costs and resources.”
“Sustaininghigh revenue growth over five years is an exceptional accomplishment,” said EdMoran, Director of Product Innovation, Deloitte Services LP.. “We commendTangoe for making the commitment to technology and delivering on the promise ofmarket longevity. We are pleased to honor Tangoe on Deloitte’s Technology Fast50.”
To qualify for the TechnologyFast 50, companies must have had operating revenues of at least $50,000 in 2002and $5,000,000 in 2006, be headquartered in North America, and be a companythat owns proprietary technology or proprietaryintellectual property that contributes to a significant portion of thecompany’s operating revenues; or devotes asignificant proportion of revenues to the research and development oftechnology. Using other companies’ technologyor intellectual property in a unique way does not qualify.
About Tangoe, Inc.
Tangoe,Inc., a global leader in telecommunications lifecycle solutions, providessoftware and technology-driven services that enable global organizations toprocure, manage, and control their fixed, mobile, and converged communicationsassets and their costs. Tangoe’s software and service solutions are built uponpatented technologies that enable dramatic cost reductions and processefficiencies which significantly contribute to organizational profitability.Global 2000 organizations worldwide depend on Tangoe solutions to moreeffectively manage their telecommunications processes. In 2007, Tangoe wasnamed no. 149 on the Entrepreneur Hot 500 ranking of America’s fastest growingcompanies. In 2006, Tangoe was No. 105 on the Inc. 500 list of fastest growingprivate companies, ranked No. 64 on Deloitte’s Fast 500, and was named thesecond fastest growing Connecticuttechnology company in the Deloitte Technology Fast 50. Tangoe has offices inOrange, Connecticut, Austin, Texas, and Hoboken, New Jersey. Tangoe providessolutions in the United States through direct and partner sales channels, andinternationally through a global network of certified business partners.
Additional information about Tangoe, its CommCare services, patentedtechnologies, and business partners can be found at tangoe2016.wpengine.com, or requested via e-mail firstname.lastname@example.org, or by calling (203)859.9300.
Tangoe is a registered trademark and CommCare is a trademark of Tangoe, Inc.