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March 18 2011
Tangoe, Inc. and Telwares, Inc. Complete Strategic Acquisition and Global Alliance
Tangoe acquires Telwares’ telecom expense management practice and forms global strategic alliance with Telwares’ network and IT advisory business
ORANGE, Conn., PLEASANTON, Calif., March 18, 2011 — Tangoe, Inc., a leading global provider of enterprise communications lifecycle management software and related services, and Telwares Inc., a leading provider of network and IT advisory and cost-out services, today announced Tangoe’s acquisition of Telwares’ telecom expense management business. Under the terms of the agreement, Tangoe will assume ownership of Telwares’ invoice management, call accounting, and mobile device management operations including the related customers, support services, and staff located in Pueblo and Greenwood Village, CO, and Parsippany, NJ. Tangoe and Telwares also announced a strategic global alliance that enables the companies to offer a combination of Tangoe’s telecom expense and mobile device management offerings together with Telwares’ deep expertise in next-generation network advisory and strategic sourcing solutions.
“Tangoe’s business strategy continues to encompass organic growth, key acquisitions, and strategic alliances. This acquisition provides immediate expansion and scale, and the Telwares strategic alliance provides additional market reach which fuels future organic growth,” said Al Subbloie, President, CEO, and founder of Tangoe. “The addition of highly skilled resources with extensive industry knowledge and expertise allows us to continue to deliver exceptional value to our customers while meeting the rapid growth in global demand for our solutions.”
“This transaction reflects our focus on delivering transformational network, cost optimization, and IT advisory services to large enterprises,” said Charlotte Yates, Chief Executive Officer of Telwares. “Through our partnership, clients can leverage our leading consulting solutions combined with the scale and breadth of Tangoe’s communications lifecycle management offerings, maximizing the core strengths of both organizations.”
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