(NASDAQ: TNGO), a leading global provider of
Communications Lifecycle Management
(CLM) software and related services, today announced it ranked 211 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. Tangoe has been ranked as a Technology Fast 500 recipient for the past seven years.
"Tangoe is honored, once again, to be recognized as one of the fastest growing technology corporations in the nation,” said Tangoe president and CEO Al Subbloie. “With nearly 400 percent revenue growth over the 5-year period from 2007 to 2011, our continued expansion is a result of increased global demand for enterprise communications lifecycle management solutions. On a global level, enterprises have a common need for a comprehensive solution that provides visibility and control over the ever-changing mobile landscape and for telecommunications savings opportunities within the enterprise,” said Subbloie.
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Tangoe, Inc. for this impressive accomplishment.”
In 2011, Tangoe ranked 216th as a Technology Fast 500 award winner.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 fiscal year revenue growth from 2007 to 2011.
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.