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Tangoe’s MatrixCloud: A Cloud Expense and Management Revolution

Posted on: March 2, 2015

Release date: 3/2/2015

ORANGE, Conn.–(BUSINESS WIRE)–Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of Connection Lifecycle Management (CLM) software and related services, today announced the global availability of its MatrixCloud solution. MatrixCloud enables the connected enterprise to centralize and control Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) cloud expenses, while providing visibility, tracking, auditing and chargeback capabilities for cloud license, expense and capacity management.

MatrixCloud is the first available of five new solution lines from Tangoe leveraging the Matrix platform, a new connection-focused, purpose-built software architecture that manages the assets, expense, usage, and analytics associated with an enterprises’ IT expenses. The Matrix platform leverages Tangoe’s significant global experience supporting localized language and currency. Additionally, the Matrix platform features critical security capabilities in support of global privacy and regulatory guidelines.

“With Matrix, Tangoe is revolutionizing the way enterprises manage the assets, expense, and usage of their IT expenses and providing the visibility and analytics necessary for enterprises to make data-driven decisions for the continual improvement of their business,” said Al Subbloie, president, CEO and founder of Tangoe. “By using Tangoe’s MatrixCloud solution, enterprises can now analyze and optimize their cloud services by tracking costs, licenses and services to better address their cloud strategy.”

With the continued rise of cloud applications, designed both for personal and enterprise use, IT teams need visibility and control over all applications being used throughout the company in order to control spending, reduce risk, and increase productivity. MatrixCloud can help provide the assurance that resources allocated to cloud are spent efficiently, allowing participants to:

  • Centrally manage cloud services and expenses
  • Apply automated audits to cloud billing
  • Gain visibility into hidden charges
  • Identify unused and unknown cloud licenses
  • Accurately allocate cloud assets and expenses
  • Eliminate multiple contracts with the same cloud vendors
  • Obtain data to negotiate existing and future cloud contracts
  • Manage multi-currency situations with flexible conversion options

“We’ve experienced strong participation during our MatrixCloud Beta program, which was announced in November 2014, from both new and existing clients,” said Ken Lienemann, senior vice president, Tangoe. “Additionally, our partner ecosystem is realizing the potential of delivering highly tailored IT expense solutions to their customers leveraging their services, powered by the Matrix platform.”

Complementing the MatrixCloud solution is Tangoe’s Cloud Advisory Service, which provides organizations an objective assessment of their cloud environments to help them make decisions around current and future investments, control costs and minimize risks. The service leverages Tangoe’s deep industry expertise, leading market intelligence and client peer analysis to define and compare how best-in-class organizations maximize their cloud investments.

For more information about MatrixCloud please visit https://www.tangoe.com/products-solutions/cloud/

About Tangoe
Tangoe (NASDAQ: TNGO) is a leading global provider of Connection Lifecycle Management software and services to a wide range of global enterprises and service providers. The company’s Connection Lifecycle Management technology, Matrix, is an on-demand suite of software and services designed to turn on, track, manage, secure, and support various connections in an enterprise’s connection lifecycle, including mobile, fixed, machine-to-machine, cloud software and services, enterprise social, and IT connections. Additional information about Tangoe can be found at www.tangoe.com.

Tangoe is a registered trademark of Tangoe, Inc.

$35+
Billion

of spend under
management

10+
Million

devices managed
globally

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