About Tangoe
Tangoe is a company based in Boulevard (United States) founded in 2000 was acquired by Marlin Equity Partners in April 2017. It operates as a SaaS (Software-as-a-Service), and Managed Services. Tangoe has raised $34.16 million across 10 funding rounds from investors including Marlin Equity Partners, North Atlantic Capital and ORIX USA. The company has 459 employees as of April 06, 2024. Tangoe has completed 7 acquisitions, including Anomalous Networks, InfoStrategies Group and InterNoded. Tangoe offers products and services including Tangoe One, Managed Mobility Services, and Cloud Expense Management. Tangoe operates in a competitive market with competitors including Apptio, Flexera, Anodot, Spot and Vendr, among others.
- Headquarter Boulevard, United States
- Employees 459 as on 06 Apr, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Tangoe
- Date of Incorporation 05 Jul, 2012
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$9.86 M (USD)4.99as on Mar 31, 2023
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Net Profit
$1.01 M (USD)8.91as on Mar 31, 2023
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EBITDA
$1.23 M (USD)-22.59as on Mar 31, 2023
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Total Equity Funding
$34.16 M (USD)
in 10 rounds
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Latest Funding Round
$898.23 K (USD), Series F
Jan 01, 2009
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Investors
Marlin Equity Partners
& 6 more
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Employee Count
459
as on Apr 06, 2024
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Investments & Acquisitions
Anomalous Networks
& 6 more
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Acquired by
Marlin Equity Partners
(Apr 28, 2017)
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Products & Services of Tangoe
Tangoe offers a comprehensive portfolio of products and services, including Tangoe One, Managed Mobility Services, and Cloud Expense Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
IT expenses are managed through a comprehensive platform.
Mobile devices are managed for enterprise cost control.
Cloud costs are optimized for business efficiency gains.
Unlock access to complete
Funding Insights of Tangoe
Tangoe has successfully raised a total of $34.16M across 10 strategic funding rounds. The most recent funding activity was a Series F round of $898.23 thousand completed in January 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series F — $898,230
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First Round
First Round
(01 Jun 2002)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2009 | Amount | Series F - Tangoe | Valuation |
investors |
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| Aug, 2008 | Amount | Series F - Tangoe | Valuation |
investors |
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| Jun, 2008 | Amount | Series F - Tangoe | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tangoe
Tangoe has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Marlin Equity Partners, North Atlantic Capital and ORIX USA. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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ORIX USA is engaged in middle market asset management and lending.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, energy, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on B2B software growth-stage companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tangoe
Tangoe has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Anomalous Networks, InfoStrategies Group and InterNoded. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Enterprise mobility and telecom expenses are managed via cloud-based software.
|
2008 | ||||
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Recorded calls and mobile communication management services are provided.
|
2001 | ||||
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Telecom Expense Management Software
|
2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tangoe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tangoe Comparisons
Competitors of Tangoe
Tangoe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Apptio, Flexera, Anodot, Spot and Vendr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud spending is managed for enterprises through a specialized platform.
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| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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| domain | founded_year | HQ Location |
AI based cost management platform
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| domain | founded_year | HQ Location |
Cloud spend management software is offered by Spot's platform.
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| domain | founded_year | HQ Location |
SaaS management platform is provided for procurement and IT teams.
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| domain | founded_year | HQ Location |
Infrastructure monitoring is enabled via usage-based billing platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tangoe
Frequently Asked Questions about Tangoe
When was Tangoe founded?
Tangoe was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is Tangoe located?
Tangoe is headquartered in Boulevard, United States. It is registered at Boulevard, California, United States.
Who is the current CEO of Tangoe?
James Parker is the current CEO of Tangoe.
Is Tangoe a funded company?
Tangoe is a funded company, having raised a total of $34.16M across 10 funding rounds to date.
How many employees does Tangoe have?
As of Apr 06, 2024, the latest employee count at Tangoe is 459.
What is the annual revenue of Tangoe?
Annual revenue of Tangoe is $9.86M as on Mar 31, 2023.
What does Tangoe do?
Tangoe is recognized for delivering comprehensive IT asset and expense management solutions. Services are focused on telecom, mobile, and cloud cost optimization for enterprises. A wide range of industries including retail, healthcare, manufacturing, and finance are served. AI-powered platforms are utilized to manage technology lifecycles and secure mobile enterprises. Significant savings on IT spending are achieved through innovative software and consulting services. Global operations are supported with services in 206 countries and territories. Partnerships with system integrators, carriers, and value-added resellers are maintained to enhance service delivery.
What products or services does Tangoe offer?
Tangoe offers Tangoe One, Managed Mobility Services, and Cloud Expense Management.
How many acquisitions has Tangoe made?
Tangoe has made 7 acquisitions, including Anomalous Networks, InfoStrategies Group, and InterNoded.
Who are Tangoe's investors?
Tangoe has 7 investors. Key investors include Marlin Equity Partners, North Atlantic Capital, ORIX USA, Investor Growth Capital, and PeakSpan Capital.