October 19, 2007
Tangoe, Inc. Ranked Number 5 in Deloitte's Technology Fast 50 Program for Connecticut
Company attributes 1,010% revenue growth to its ability to address critical and expanding telecommunications lifecycle needs
Orange, Conn., October 19, 2007 — Tangoe, Inc., a leading global provider of enterprise communications lifecycle management software and technology-driven solutions, has been ranked number five on Deloitte's prestigious Technology Fast 50 Program for Connecticut. The 2007 Fast 50 Program—based on revenue growth percentage over the five years from 2002–2006—is a ranking of the fifty fastest growing technology, media, telecommunications, and life sciences companies in a given geographic area by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations.
After being named a Deloitte Technology Rising Star in 2004 and 2005, Tangoe ascended to the Connecticut Technology Fast 50 in 2006 with a number two ranking. Tangoe president and CEO Al Subbloie credits the company's 1,010 percent five year revenue growth to the Company’s ability to address the critical and expanding needs of its customers with innovative, high return-on-investment communications lifecycle solutions. The average revenue growth of Connecticut’s Technology Fast 50 companies was 739 percent.
“Being recognized by Deloitte for the fourth consecutive year as one of Connecticut’s fastest growing technology companies is a reflection of Tangoe’s ability to address client needs in managing the entire lifecycle of their communications infrastructure,” explained Subbloie. “Our leadership position in our highly competitive and ever-expanding marketplace has been fueled by our ability to single-mindedly focus on solving the critical needs of global organizations that struggle with their fixed and mobile communications costs and resources.”
“Sustaining high revenue growth over five years is an exceptional accomplishment,” said Ed Moran, Director of Product Innovation, Deloitte Services LP.. “We commend Tangoe for making the commitment to technology and delivering on the promise of market longevity. We are pleased to honor Tangoe on Deloitte’s Technology Fast 50.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
About Tangoe, Inc.
Tangoe, Inc., a global leader in telecommunications lifecycle solutions, provides software and technology-driven services that enable global organizations to procure, manage, and control their fixed, mobile, and converged communications assets and their costs. Tangoe's software and service solutions are built upon patented technologies that enable dramatic cost reductions and process efficiencies which significantly contribute to organizational profitability. Global 2000 organizations worldwide depend on Tangoe solutions to more effectively manage their telecommunications processes. In 2007, Tangoe was named no. 149 on the Entrepreneur Hot 500 ranking of America’s fastest growing companies. In 2006, Tangoe was No. 105 on the Inc. 500 list of fastest growing private companies, ranked No. 64 on Deloitte's Fast 500, and was named the second fastest growing Connecticut technology company in the Deloitte Technology Fast 50. Tangoe has offices in Orange, Connecticut, Austin, Texas, and Hoboken, New Jersey. Tangoe provides solutions in the United States through direct and partner sales channels, and internationally through a global network of certified business partners.
Additional information about Tangoe, its CommCare services, patented technologies, and business partners can be found at www.tangoe.com, or requested via e-mail at email@example.com, or by calling (203) 859.9300.
Tangoe is a registered trademark and CommCare is a trademark of Tangoe, Inc.
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