Company Overview of Tangoe, Inc.
Tangoe, Inc. provides connection lifecycle management (CLM) software and services primarily to enterprises and service providers worldwide. Its CLM software covers the spectrum of an enterprise's connection-based assets and services, such as voice and data services, mobile devices and usage, machine-to-machine connections, cloud software and services, enterprise social, and information technology connections, as well as encompasses the entire lifecycle of these assets and services, including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management, real-time telecommunications expense management, invoice processing, expense allocation and ...
35 Executive Boulevard
Orange, CT 06477
Founded in 2000
Key Executives for Tangoe, Inc.
Total Annual Compensation: $437.7K
Founder and Senior Vice President of Customer Account Management
Total Annual Compensation: $200.0K
Chief Financial Officer and Principal Accounting Officer
Total Annual Compensation: $309.2K
Chief Revenue Officer
Total Annual Compensation: $258.8K
Senior Vice President of Corporate Development and Global Financial Operations
Total Annual Compensation: $210.0K
Compensation as of Fiscal Year 2013.
Tangoe, Inc. Key Developments
Tangoe, Inc. Adds Cloud Advisory Service to its Strategic Consulting Practice; Appoints Russ Loignon as New Vice President of Cloud Consulting
Jun 4 14
Tangoe, Inc. announced the launch of its Cloud Advisory Service, which is designed to help enterprises across the globe assess and manage their cloud investments. With the Cloud Advisory Service, organizations receive an objective assessment of their cloud environments to help them make decisions around current and future investments, control costs, and minimize risks. The Cloud Advisory Service is a key component of the upcoming MatrixCloud solution, which provides organizations with a suite of comprehensive software modules and services to assist with the management of cloud contracts, licensing, expense and usage. The new service leverages Tangoe's deep industry expertise, leading market intelligence, and client peer analysis to define and compare how best-in-class organizations maximize their cloud investments. With the Cloud Advisory Service, Tangoe helps guide enterprises through the entire cloud process, including: Assisting enterprises in defining their cloud strategy; navigating though vendor hype to identify the best solution for an enterprise; advising on costs and security; and managing the procurement process and obtaining best-in-class pricing of cloud-based services.
The company also announced the appointment of Russ Loignon as its new Vice President of Cloud Consulting. Russ has more than 20 years of telecommunications industry experience, and was president of consulting and technical resource company Systems Management Group. Russ comes to Tangoe from AT&T, where he spent 16 years, most recently as lead market development manager in the Advance Solutions Organization, where he focused on creating business-related cloud offerings aimed at mobility, healthcare, sourcing and 'as a service' solutions.
Tangoe, Inc. Presents at Raymond James Internet/Software Crossover Conference, May-28-2014 03:30 PM
May 22 14
Tangoe, Inc. Presents at Raymond James Internet/Software Crossover Conference, May-28-2014 03:30 PM. Venue: The Fairmont, San Francisco, California, United States. Speakers: Albert R. Subbloie, Founder, Chairman of the Board, Chief Executive Officer and President, Gary R. Martino, Chief Financial Officer and Principal Accounting Officer.
Tangoe, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014; Reaffirms Earnings Guidance for 2014
May 8 14
Tangoe, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $50,394,000 compared to $44,860,000 a year ago. Income from operations was $193,000 compared to $936,000 a year ago. Income before income tax provision was $178,000 against $1,356,000 a year ago. Net loss was $267,000 or $0.01 per basic and diluted share against net income of $1,125,000 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $3,077,000 against $5,842,000 a year ago. Purchases of computers, furniture and equipment were $1,218,000 against $273,000 a year ago. Non-GAAP income from operations was $6,426,000 against $6,214,000 a year ago. Adjusted EBITDA was $7,081,000 against $6,710,000 a year ago, representing an adjusted EBITDA margin of 14.1%. Non-GAAP net income was $5,978,000 or $0.15 diluted per share against $5,976,000 or $0.15 diluted per share a year ago. GAAP operating income for the quarter was $200,000 compared to $900,000 during the first quarter of 2013. The company generated $1.9 million non-leveraged free cash flow compared to $5.8 million and $5.6 million, respectively, in the first quarter of 2013.
For the second quarter of 2014, the company expects total revenue to be in the range of $52.4 million to $53.1 million. Adjusted EBITDA is expected to be in the range of $8.4 million to $8.7 million. Non-GAAP net income per share is expected to be approximately $0.18 based on approximately 41.5 million weighted-average diluted shares outstanding.
The company reaffirmed earnings guidance for 2014. For the full year of 2014, the company expects total revenue to be in the range of $220.0 million to $224.0 million. Adjusted EBITDA is expected to be in the range of $37.0 million to $39.0 million. Non-GAAP net income per share is expected to be in the range of $0.77 to $0.82 based on approximately 41.7 million weighted-average diluted shares outstanding. The company expects free cash flow to be in the range of $25 million to $27 million for the full year 2014, which represents growth of 33% to 43% on a year-over-year basis.
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