Tripp Levy PLLC Announces That a Lawsuit Has Been Filed on Behalf of Tangoe, Inc. Shareholders

 Tripp Levy PLLC Announces That a Lawsuit Has Been Filed on Behalf of Tangoe,
                              Inc. Shareholders

PR Newswire

NEW YORK, March 4, 2013

NEW YORK, March 4, 2013 /PRNewswire/ --Tripp Levy PLLC announces that a class
action has been commenced in the United States District Court for the District
of Connecticut on behalf of purchasers of Tangoe, Inc. common stock ("Tangoe")
(NASDAQ:TNGO) during the class period December 20, 2011 through September 5,
2012, inclusive (the "Class Period").

Tangoe develops and markets computer software to help companies manage and
control their fixed and mobile communications assets and costs. The Complaint
charges Tangoe and certain of its officers and defendants with violations of
the Securities Exchange Act of 1934.

The complaint alleges that during the Class Period, defendants issued
materially false and misleading statements regarding the Company's business
prospects. Specifically, defendants overstated Tangoe's organic growth rate
by underreporting the revenue it derived from recent acquisitions. According
to the Complaint, following an August 28, 2012 report by thestreetsweeper.org
that described the Company as having a "risky acquisition driven growth
strategy," and a September 6, 2012 report by Copperfield Research that
concluded that the Company had materially misrepresented its organic growth
rate, the value of Tangoe shares declined a combined $4.12 per share, or
approximately 20.5%, to close at $15.97 per share on September 6, 2012.

If you wish to serve as a lead plaintiff in this action, you must move the
Court no later than April 29, 2013. If you wish to discuss this action or
have any questions concerning this notice or your rights or interests, you
may, without obligation or cost to you, email or call using the following
contact information. Any member of the putative class may move the Court to
serve as lead plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent class member.

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street, 9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com

Tripp Levy PLLC specializes in mergers & acquisitions, takeover litigation,
shareholder rights, and corporate governance matters in state and federal
courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.



SOURCE Tripp Levy PLLC

Website: http://www.tripplevy.com
 
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