Skip to main content

Tangoe Rates ”Strong Positive” in Gartner 2007 MarketScope for Telecom Expense Management, 2H07

Release date: 2/26/2008
ORANGE,Conn., February 26, 2008 — Tangoe, Inc., a leading global provider ofenterprise communications lifecycle management software and technology-drivenservices, today announced that the company has received a  “Strong Positive” rating in leadingindependent analyst firm Gartner’s MarketScope for Telecom Expense Management,2H07. The MarketScope report gave the TEM industry an overall market rating of“Positive”, projecting that the market will grow approximately 30% from 2006 to2011, reaching $1.7 billion in 20112007 was a year of continued growth forTangoe, highlighted by the successful merger with TRAQ Wireless and the launchof the company’s comprehensive CommCare™ suite of technology-driven managedservices. In 2007 Tangoe increased its annual revenue by over 82 percent whileadding over 120 new clients to its existing client roster.“I believe that receiving Gartner’shighest rating possible is a testament to the talent and hard work of ourpeople as well as our ability to continuously innovate to address the rapidlyevolving needs of the market,” said Tangoe president and CEO Al Subbloie. “Inmy opinion, the Gartner report suggests the market is starting to embracebroader business process outsourcing and the demand for global capabilities isbecoming a requirement. Tangoe continues to meet these trends with our recentlyreleased CommCare managed services and complementary WorldView services, whichare designed specifically to help multi-national enterprises manage their fixedand mobile communications spending around the globe.” With CommCare andWorldview deployed, clients can now accurately manage their complex telecomenvironments both domestically and internationally with a singular, unified,technology-driven service.The complete “MarketScope for Telecom Expense Management,Worldwide, 2H07” report, authored by Eric Goodness and Phillip Redman atGartner and published on February 7, 2008, can be viewed at

“MarketScope for Telecom ExpenseManagement, Worldwide, 2H07” is copyrighted February 7, 2008 by Gartner, Inc.and is reused with permission. The MarketScope is an evaluation of amarketplace at and for a specific time period. It depicts Gartner’s analysis ofhow certain vendors measure against criteria for that marketplace, as definedby Gartner. Gartner does not endorse any vendor, product or service depicted inthe MarketScope, and does not advise technology users to select only thosevendors with the highest rating. Gartner disclaims all warranties, express orimplied, with respect to this research, including any warranties ofmerchantability or fitness for a particular purpose.

Tangoe, Inc., a global leader intelecommunications lifecycle solutions, provides software and technology-drivenservices that enable global organizations to procure, manage, and control theirfixed, mobile, and converged communications assets and their costs. Tangoe’ssoftware and service solutions are built upon patented technologies that enabledramatic cost reductions and process efficiencies which significantlycontribute to organizational profitability. Global 2000 organizations worldwidedepend on Tangoe solutions to more effectively manage their telecommunications processes.In 2007, Tangoe was named No. 149 on the Entrepreneur Hot 500 ranking ofAmerica’s fastest growing companies and was named the fifth fastest growingConnecticut technology company in the Deloitte Technology Fast 50. Tangoe hasoffices in Orange, 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, itsCommCare services, patented technologies, and business partners can be found, or requested via e-mail at, or by calling(203) 859.9300.

Tangoe is a registered trademark andCommCare is a trademark of Tangoe, Inc.

CAUTION REGARDING FORWARD-LOOKINGSTATEMENTSThis press release containsforward-looking statements that involve substantial uncertainties and risks.These forward-looking statements are based upon our current expectations,estimates and projections about our business and our industry, and that reflectour beliefs and assumptions based upon information available to us at the dateof this letter. We caution readers that forward-looking statements arepredictions based on our current expectations about future events. Theseforward-looking statements are not guarantees of future performance and aresubject to risks, uncertainties and assumptions that are difficult to predict.Our actual results, performance or achievements could differ materially fromthose expressed or implied by the forward-looking statements as a result of a numberof factors, including but not limited to, changes in: economic  conditions generally, changes in technology,legislative or regulatory changes that affect us, the availability of workingcapital, changes in costs and the availability of goods and services, theintroduction of competing products, changes in our operating strategy ordevelopment plans, our ability to attract and retain qualified personnel, andchanges in our acquisition and capital expenditure plans.