Tangoe Has Been Named by The Connecticut Technology Council as an Award Winner in the 2013 Marcum Te
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.--(BUSINESS WIRE)-- Tangoe, Inc. (NAS: 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.
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 (NAS: 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.
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Nikki Festa/Ariel Burch, 1-617-502-4300
KEYWORDS: United States North America Connecticut
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