# Tangoe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tangoe

- Industry: Software
- Headquarters: Indianapolis, US
- Website: www.tangoe.com
- Total disclosed funding: $14M
- Latest round: Series F (Sep 4, 2008)
- Investors on record: 5

## About

Based in the US, Tangoe, Inc. specializes in IT Asset and Expense Management solutions, focusing on optimizing costs related to cloud, mobile, and telecom services through advanced analytics and automation.Tangoe, Inc. was founded in 2000 in Indianapolis, US, and provides technology solutions for managing IT expenses. The company was publicly listed in July 2011 and transitioned to private ownership following a buyout by Marlin Equity Partners in a Public to Private round, raising USD 242.60 mn. Since its inception, Tangoe has completed 10 major deals, with the most recent occurring on September 12, 2013. The current CEO is James Parker.Tangoe offers a comprehensive suite of IT Asset Management and Expense Management solutions, centered on optimizing costs associated with cloud, mobile, and telecom services. The core product, Tangoe One, integrates AI-driven analytics and automation to provide insights into technology spending, enabling organizations to effectively manage their IT expenses. Tangoe's client base spans thousands of enterprises across industries including retail, healthcare, manufacturing, and finance, with a notable presence in North America, Europe, and Asia-Pacific.In 2014, Tangoe reported a revenue of USD 212.48 mn and an EBITDA of USD 15.43 mn. The revenue model is based on a combination of subscription services for the Tangoe One platform and transaction-based fees related to expense management. The company partners with over 400 vendors, providing services from device provisioning to repair and recycling, which enhances its revenue through a strong portfolio of Managed Mobility Services.Following its transition to private ownership, Tangoe plans to leverage the recent funding from its Public to Private round to enhance its product offerings and expand into new markets. The company aims to introduce new innovative solutions designed for market demands and plans to target growth in Europe and Asia-Pacific by 2025. This strategy will utilize proceeds to optimize operational frameworks and develop new technologies that improve IT asset management.

## Funding rounds

- Series F, Sep 4, 2008 — ORIX Growth Capital, Patricia Industries
- Series E, Sep 22, 2006, $8M — Edison Partners, North Atlantic Capital, Axiom Venture Partners
- Series D, Feb 10, 2006, $2.7M — Edison Partners, Axiom Venture Partners
- Series B, Aug 22, 2002, $3M — Edison Partners

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series B, Series D, Series E
- Axiom Venture Partners (https://capitalatlas.ai/funds/axiom-venture-partners) — Series D, Series E
- North Atlantic Capital (https://capitalatlas.ai/funds/north-atlantic-capital) — Series E
- ORIX Growth Capital — Series F
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series F