Tangoe Has Been Named by The Connecticut Technology Council as an Award
Winner in the 2013 Marcum Tech Top 40
Attributes Customer Wins, Acquisitions, Global Expansion, Enhanced Product
Offerings to its Outstanding Revenue Growth
ORANGE, Conn. -- September 26, 2013
Tangoe, 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
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.
The 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
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