Attributes 432 percent revenue growth over four-year period to enterprise demand for comprehensive communications lifecycle management solutions
ORANGE, Conn., November 22, 2011 — Tangoe, Inc. (NASDAQ: TNGO), a leading provider of enterprise communications lifecycle management software and related services, today announced it ranked number 216 on Deloitte’s 2011 Technology Fast 500™ ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and clean technology companies in North America. The 2011 rankings are based on percentage growth of fiscal year revenue from 2006 to 2010, and Tangoe’s revenues grew 432 percent during this period.
Tangoe has ranked as a Technology Fast 500 recipient for the past six years. Tangoe’s President, CEO, and Founder, Al Subbloie, credits strong demand for enterprise mobility management and telecommunications savings opportunities for the company’s 432 percent revenue growth over four years. He said, “Tangoe is pleased to participate in these awards this year and again be recognized as one of our nation’s fastest growing technology companies. Our growth is a testament to our continual commitment to deliver measurable,long-term business value to our customers. The high demand for our Communications Lifecycle Management solutions, combined with our commitment to advancing the enterprise technology experience has fueled our growth and enabled us to thrive in the public market.”
“Tangoe has excelled in fostering innovation and channeling it into spectacular growth—against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media, and telecommunications leader, Deloitte LLP. “Deloitte recognizes Tangoe for its remarkable accomplishment.”
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage growth of fiscal year revenue from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Tangoe (NASDAQ: TNGO) is a leading global provider of Communications Lifecycle Management (CLM) software and 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, and asset 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 tangoe2016.wpengine.com. Tangoe is a registered trademark of Tangoe, Inc.