Saxena White P.A. Files Securities Fraud Class Action Against Tangoe Inc.

Saxena White P.A. Files Securities Fraud Class Action Against Tangoe Inc. 
BOCA RATON, FL -- (Marketwire) -- 03/15/13 --  Saxena White P.A. has
filed a securities fraud class action lawsuit in the United States
District Court for the District of Connecticut against Tangoe, Inc.
("Tangoe" or the "Company") (NASDAQ: TNGO) on behalf of investors who
purchased or otherwise acquired the common stock of the Company
during the period from December 20, 2011 through September 5, 2012
(the "Class Period"). The complaint brings claims for violations of
the Securities Exchange Act of 1934. 
Tangoe develops and markets computer software to help companies
manage and control their fixed and mobile communications assets and
costs. The complaint alleges that during the Class Period, defendants
issued materially false and misleading statements regarding the
Company's financial performance and future prospects. In fact, Tangoe
misled investors about core revenue growth and pace of organic, new
customer growth. On August 28, 2012, TheStreetSweeper issued a
critical report of Tangoe warning investors about the Company's
risks. On September 6, 2012, Copperfield Research stated in a
separate report that "after doing a deep dive into Tangoe's
financials, it is our belief that the company has significantly
misrepresented its de novo growth rate, while demonstrating many of
the telltale shenanigans and behavior that tends to be a harbinger
for blow ups. We believe that an SEC investigation may be warranted
based on our belief Tangoe publicly misrepresented its organic growth
rates, and altered material biographic information, in front of a
large secondary offering." In response to the reports, Tangoe stock
dropped nearly 30% to $14.29 per share, a far cry from the Company's
Class Period high of $22.72 per share only a few months prior.  
Further, on March 29, 2012, during the Class Period, Tangoe completed
a secondary stock offering of its common shares whereby the Company
sold 8.0 million shares to the investing public at a price of $18.50
per share, of which 5.8 million shares were sold by insiders cashing
out of the stock. There are additional claims that can be brought in
connection with this secondary offering, but it will be necessary for
an investor who purchased Tangoe stock in the
 offering to come
forward to represent these interests. If you have questions, please
contact us. 
You may obtain a copy of the complaint and join the class action at If you purchased Tangoe stock between December
20, 2011 and September 5, 2012, inclusive, you may contact Joe White
( or Marc Grobler (
at Saxena White P.A. to discuss your rights and interests. 
If you purchased Tangoe common stock during the Class Period of
December 20, 2011 through September 5, 2012, inclusive, and wish to
apply to be the lead plaintiff in this action, a motion on your
behalf must be filed with the Court no later than April 30, 2013. You
may contact Saxena White P.A. to discuss your rights regarding the
appointment of lead plaintiff and your interest in the class action.
Please note that you may also retain counsel of your choice and need
not take any action at this time to be a class member. 
Saxena White P.A., located in Boca Raton, specializes in prosecuting
securities fraud and complex class actions on behalf of institutions
and individuals. Currently serving as lead counsel in numerous
securities fraud class actions nationwide, the firm has recovered
hundreds of millions of dollars on behalf of injured investors and is
active in major litigation pending in federal and state courts
throughout the United States. 
Joseph E. White, III 
Marc Grobler 
Saxena White P.A.
2424 North Federal Highway, Suite 257
Boca Raton, FL 33431
Tel: (561) 394-3399
Fax: (561) 394-3382 
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