In final year of eligibility prior to its IPO, Company posts 3-year sales growth of 225 percent
ORANGE, Conn., October 19, 2011 – Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of enterprise communications lifecycle management software and technology-enabled services, today announced that it ranked at number 1284 on the Inc. 5000 list, Inc. Magazine’s annual list of the fastest-growing private companies in America. The company reported a 225 percent revenue growth from 2007 to 2010 to place on this year’s list. Tangoe has ranked on the Inc. 5000 since 2005; this year will be the company’s final year of eligibility having recently completed an IPO in August 2011.
“We are extremely proud of our position among Inc’s list of leading industry companies,” said Al Subbloie, president, CEO, and founder of Tangoe. “Our ranking is a testament to the hard work, creativity, and dedication of everyone within our organization. It’s every employee’s focus on exceptional client results that led to our success as a private company, and this focus is also what will sustain us as we grow and thrive in the public market.”
Tangoe delivers software and technology-enabled services to help global organizations manage, understand, and control their fixed and mobile communications assets and costs. For enterprise customers, Tangoe’s complete Communications Lifecycle Management services and solutions optimize every critical process within the communications environment.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Inc. Magazine Editor, Jane Berentson.
The 2011 Inc. 500/5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500
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.