Only Telecom Expense Management provider to make the listORANGE, Conn., August 28, 2006—Tangoe, Inc., the leading globalprovider of enterprise telecommunications expense management (TEM)software and services, today announced that it has debuted in the topquarter of the 2006 Inc 500 list, Inc. magazine’s annual ranking of the fastest-growing private companies in America.As the only TEM solutions company recognized by Inc. magazine, Tangoe reported an 870 percent revenue growth over the lastthree years to secure the number 105 spot on the prestigious Inc 500list, now in its 25th year of publication. Tangoe offers the industry’sonly unified platform to manage and optimize all telecomprocesses—billing, contracts, inventory, provisioning, andassurance—from one single, centralized source.
“We are honored to be recognized as the leading industry player,”said Al Subbloie, president CEO, and founder of Tangoe. “Our highranking is a testament to Tangoe’s impressive momentum and shows themarket demand and potential for our unique telecom expense managementsolutions. An outstanding executive team and a sound business strategyare critical, of course, but the biggest factor in our success is thatour solutions are exceptionally effective in delivering results andcost savings to our customers.”
Tangoe’s unique approach gives companies such as Aon, FidelityNational Information Services, Integrated Financial Services Division,Delta Dental , and many others the ability to view, understand, manage,and control the hidden interdependencies between complex voice, data,and wireless communications technologies and processes. By untanglingthe jumbled telecom expense knot, Tangoe enables its customers todiscover all-too-common billing overcharges, manage the bill paymentprocess, harness purchasing power across the enterprise, and negotiateoptimal carrier contracts rates, terms and conditions.
For instance, Tangoe helped an in-store grocery marketing companywith 17,000 phone lines slash telecom expenses by 50 percent, from $8million to $4 million. With new visibility to over 10,000 of its costcenters, one of the nation’s top ten banks reduced telecom costs by $15million, including $1.7 million in secured credits. And a $3 billionclinical testing company with more than 1,000 locations worldwidereported a 35 percent reduction in their telecommunications spend, or a$7 million savings, in just twelve months.
“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic,fast-growth companies in the nation, the ones coming up with solutionsto some of our most intractable ills, creating systems that let usconduct business faster and easier, and manufacturing products we soondiscover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
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. Fortune 1000 organizationsnationwide depend on Tangoe software and services to optimize theirtelecommunications expense management processes. Named for twoconsecutive years as a Deloitte Rising Star, Tangoe is headquartered inOrange, Connecticut and provides solutions in the United States throughdirect and partner sales channels, and internationally through partnersales channels.