Release date: 10/15/2007
Company attributes 310percent revenue growth to its expanded fixed, mobile, and convergedcommunications capabilities
Austin, Texas and Orange, Conn.,October 15, 2007 — Tangoe, Inc., a leading global provider of enterprisecommunications lifecycle management software and technology-driven solutions announcedthat it has been ranked number 39 on Deloitte’s prestigious Technology Fast 50Program for Texas. The 2007 Fast 50 Program—based on revenue growth percentageover the five years from 2002–2006—is a ranking of the fifty fastest growingtechnology, media, telecommunications, and life sciences companies in Texas byDeloitte & Touche USA LLP, one of the nation’s leading professionalservices organizations. Tangoe’s ranking reflects the revenue growth of TRAQWireless prior to the merger with Tangoe, Inc. in March 2007.
Tangoe chairman and former TRAQ Wirelesspresident and CEO Rick Pontin credits the Company’s 310 percent five year revenuegrowth to its ability to address expanding customers needs with innovativesolutions capable of managing the complete range of fixed, mobile and convergedcommunication processes. The average revenue growth of Deloitte’s TexasTechnology Fast 50 companies was 1,766 percent.
“Being recognized by Deloitte asone of Texas’ fastest growing technology companies is a reflection of ourability to address the explosive growth of fixed, mobile, and datacommunications and the evolving needs of the marketplace,” commented Pontin.“We’ve developed our communication lifecycle management solutions in directresponse to the needs of global organizations looking to manage all of theircommunication processes in a comprehensive and unified way.”
Tangoe and TRAQ Wireless mergedin March 2007 and the newly formed company is a recognized leader in thetelecommunications lifecycle management marketplace. The Company also has morethan 250 leading global clients, comprehensive technology-based solutionofferings, multiple technology patents, extensive domain expertise, and arobust global channel partner program.
“Deloitte’s Texas TechnologyFast 50 companies have shown the strength, vision and tenacity to succeed intoday’s very competitive technology environment,” said Skip Moore, Deloitte& Touche LLP, Managing Partner, Technology, Media & Telecommunications.“We applaud the successes of Tangoe and acknowledge it as one of the very fewto accomplish such a fast growth rate over the past five years.”
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.
Companies from the 16 regionalTechnology Fast 50 programs in the United States and Canada are automaticallyentered in Deloitte’s Technology Fast 500 program, which ranks North America’stop 500 fastest growing technology, media, telecommunications and life sciencescompanies. For more information on Deloitte’s Technology Fast 50 or TechnologyFast 500 programs, visit www.fast500.com.
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 Connecticut technology company in the DeloitteTechnology Fast 50. Tangoe has offices in Orange, Connecticut, Austin, Texas,and Manchester, England, Tangoe provides solutions in the United States throughdirect and partner sales channels, and internationally through a global networkof 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.
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