Attributes Customer Wins, Acquisitions, Global Expansion, Enhanced
Product Offerings to its Outstanding Revenue Growth
ORANGE, Conn.--(BUSINESS WIRE)--
Inc. (NASDAQ: TNGO), a leading global provider of Communications
Lifecycle Management (CLM) software and related services, has been
named to the Marcum Tech Top 40, an annual compilation of the 40 fastest
growing technology companies in Connecticut. Selection was based on the
percentage revenue growth over four years.
Tangoe’s CEO Al Subbloie credits customer wins, acquisitions, global
expansion and enhanced product offerings with the company's 176 percent
revenue growth over the three-year period from 2009 to 2012. Subbloie
said, “It is an honor to be recognized among the fastest growing
technology companies in the region. This award validates Tangoe’s growth
over the last several years, and highlights our position as an industry
leader in communications lifecycle management.”
Tangoe's increase in revenues of 176 percent from 2009 to 2012 resulted
in its inclusion in the software category of this year’s Tech Top 40.
To qualify for the Marcum Tech Top 40, a company must have had operating
revenues of at least $50,000 in 2009 and $3,000,000 in 2012, be
headquartered in Connecticut, and own proprietary technology or
proprietary intellectual property that contributes to a significant
portion of the company's operating revenues; or devote a significant
proportion of revenues to the research and development of technology.
About Marcum LLP
Marcum LLP is one of the largest
independent public accounting and advisory services firms in the nation.
Ranked among the top 15, Marcum LLP offers the resources of 1,200
professionals, including over 140 partners, in more than 20 offices
throughout New York, New Jersey, Massachusetts, Connecticut,
Pennsylvania, California, Florida, Grand Cayman and China. Headquartered
in New York City, the Firm's presence runs deep with full-service
offices strategically located in major business markets. Marcum is a
member of the Marcum Group, an organization providing a comprehensive
range of professional services spanning accounting and advisory,
technology solutions, wealth management, and executive and professional
recruiting. The Marcum Group companies include Marcum LLP; Marcum
Technology LLC; Marcum Search LLC; Marcum Financial Services LLC; Marcum
Bernstein & Pinchuk LLP; MarcumBuchanan Associates LLC; and Marcum
Cronus Partners LLC.
About The Connecticut Technology Council, Inc.
Connecticut Technology Council is the state’s industry association for
the technology sector. CTC’s mission is to “connect people, ideas and
opportunities to the global technology and innovation community.” CTC
provides members with business assistance and specialized programs, in
addition to promoting and supporting public policies that position
Connecticut to have a globally recognized “culture of innovation” that
helps attract great ideas and entrepreneurs to in turn develop new jobs
and wealth for the state.
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, mobile device 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 www.tangoe.com.
Tangoe is a registered trademark of Tangoe, Inc.
PAN Communications, Inc.
Nikki Festa/Ariel Burch, 1-617-502-4300
Source: Tangoe, Inc.