Tangoe, Inc. builds and provides technology expense management software & solutions. They provide telecom expense management, managed mobility services, and cloud expense management software which specialize in helping enterprises reduce time and effort needed to gain visibility and control over their technology spending, and help them save money on IT services. Tangoe partners with IT, finance, and procurement teams to assist with managing telecom expenses,

mobile device management Mobile device management (MDM) is the administration of mobile devices, such as smartphones, tablet computers, and laptops. MDM is usually implemented with the use of a third-party product that has management features for particular vendors of m ...

, and cloud cost management & optimization.

History

The company was founded in 2000 and had its initial public offering in 2011. The company was then taken private in 2017 by

Marlin Equity Partners Marlins are fish from the family Istiophoridae, which includes about 10 species. A marlin has an elongated body, a spear-like snout or bill, and a long, rigid dorsal fin which extends forward to form a crest. Its common name is thought to derive ...

for $242.6 million in cash. Tangoe was then combined with another Marlin portfolio company, Asentinel.

SEC Fraud Probe

On September 4, 2018, the SEC brought charges for improperly recognizing approximately $40 million in revenue by violating provisions of the federal securities laws. A settlement of $1.5 million in penalties for the company, as well as an additional $100,000, $50,000, and $20,000 in penalties was reached between the former CEO, former CFO, and former Vice President of Finance respectively. On September 10, 2020, the SEC obtains final judgment against the remaining defendant and former Senior VP, Donald J. Farias, for an additional $20,000 in penalties and bars him serving as an officer or director of a public company for five years.

Acquisitions

In 2009, Tangoe acquired InterNoded Inc, a mobile device managed services provider. In 2018, the company acquired mobility management company MOBI Wireless Management.

References

External links

* * Companies based in Morris County, New Jersey Orange, Connecticut Software companies established in 2000 2011 initial public offerings Parsippany-Troy Hills, New Jersey {{US-company-stub