Tangoe

{{Short description|American expense management software company}} {{Infobox company | name = Tangoe, Inc. | logo = File:Tangoe logo.jpg | type = Private | industry = | fate = | predecessor =  | successor =  | founded = {{Start date and age|2000|02|14}} in Orange, Connecticut | founder =  | defunct =  | hq_location_city = Indianapolis, Indiana | hq_location_country = United States | area_served =  | key_people = James Parker, CEO | products = | owner =  | num_employees = | num_employees_year =  | parent = | website = {{URL|tangoe.com}} }}

'''Tangoe, Inc.''' is an American provider of technology expense management software, specialising in telecom expense management, managed mobility services and cloud cost management. Founded in 2000 and headquartered in Orange, Connecticut, the company serves enterprise customers seeking to manage and reduce expenditure on telecommunications, mobile devices and cloud services. Tangoe had its initial public offering in 2011 and was taken private by Marlin Equity Partners in 2017 for $242.6 million.

==History== The company was founded in 2000 and had its initial public offering in 2011.<ref>{{Cite web|url=https://www.reuters.com/article/idUSL3E7IR0C620110727|title=Tangoe prices IPO at $10 per share, within expected range|date=July 27, 2011|via=www.reuters.com}}</ref> The company was then taken private in 2017 by Marlin Equity Partners for $242.6 million in cash.<ref>{{Cite web|date=April 28, 2017|title=Marlin Equity buys telecom provider Tangoe, following two PE fund raises – Mergers & Acquisitions|url=https://www.themiddlemarket.com/news/marlin-equity-follows-two-pe-fund-raises-with-acquisition-of-telecom-provider-tangoe|access-date=2021-11-10|website=www.themiddlemarket.com}}</ref> Tangoe was then combined with another Marlin portfolio company, Asentinel.<ref name=":0" />

=== SEC Fraud Probe === On September 4, 2018, the SEC brought charges for improperly recognizing approximately $40 million in revenue by violating provisions of the federal securities laws.<ref>{{Cite web|title=Tangoe, Inc. et. al. (Release No. LR-24255; Sep. 4, 2018)|url=https://www.sec.gov/litigation/litreleases/2018/lr24255.htm|access-date=2021-11-10|website=www.sec.gov}}</ref> A settlement of $1.5 million in penalties for the company, as well as an additional $100,000, $50,000, and $20,000 in penalties was reached between the former CEO, former CFO, and former Vice President of Finance respectively. On September 10, 2020, the SEC obtains final judgment against the remaining defendant and former Senior VP, Donald J. Farias, for an additional $20,000 in penalties and bars him serving as an officer or director of a public company for five years.<ref>{{Cite web|title=Tangoe, Inc. et. al. (Release No. LR-24893; Sep. 10, 2020)|url=https://www.sec.gov/litigation/litreleases/2020/lr24893.htm|access-date=2021-11-10|website=www.sec.gov}}</ref>

==Acquisitions== In 2009, Tangoe acquired InterNoded Inc, a mobile device managed services provider.<ref name=":0">{{Cite web|url=https://www.bizjournals.com/boston/blog/mass-high-tech/2009/01/tangoe-buying-mobile-apps-manager-internoded.html|title=Tangoe buying mobile apps manager Internoded|access-date=May 15, 2020|date=Jan 15, 2009|website=bizjournals.com|last=Moore|first=Galen}}</ref>

In 2018, the company acquired mobility management company MOBI Wireless Management.<ref>{{Cite web|url=https://www.pehub.com/2018/12/marlin-acquires-mobi-will-merge-with-tangoe/|title=Marlin acquires MOBI, will merge with Tangoe|date=December 5, 2018}}</ref>

==References== {{reflist}}

==External links==  *{{Official website|http://www.tangoe.com}}

Category:Companies based in Morris County, New Jersey Category:Orange, Connecticut Category:Software companies established in 2000 Category:2011 initial public offerings Category:Parsippany–Troy Hills, New Jersey