Tangoe, Inc. (NASDAQ: TNGO), a leading provider of enterprise communications lifecycle management software and related services, today announced it ranked number 216 on Deloitte’s 2011 Technology Fast 500™ ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and clean technology companies in North America. The 2011 rankings are based on percentage growth of fiscal year revenue from 2006 to 2010, and Tangoe’s revenues grew 432 percent during this period.
Tangoe has ranked as a Technology Fast 500 recipient for the past six years. Tangoe’s President, CEO, and Founder, Al Subbloie, credits strong demand for enterprise mobility management and telecommunications savings opportunities for the company’s 432 percent revenue growth over four years. He said, "Tangoe is pleased to participate in these awards this year and again be recognized as one of our nation’s fastest growing technology companies. Our growth is a testament to our continual commitment to deliver measurable,long-term business value to our customers. The high demand for our Communications Lifecycle Management solutions, combined with our commitment to advancing the enterprise technology experience has fueled our growth and enabled us to thrive in the public market.”
“Tangoe has excelled in fostering innovation and channeling it into spectacular growth—against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media, and telecommunications leader, Deloitte LLP. "Deloitte recognizes Tangoe for its remarkable accomplishment.”
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage growth of fiscal year revenue from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.