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Tangoe Closes Vodafone Telecom Expense Management TransactionTangoe, Inc. (NASDAQ:TNGO), a leading global provider of IT Expense Management (ITEM), which includes Telecom Expense Management (TEM), Managed Mobility Services (MMS), and Cloud Expense Management, today announced that it has closed the transactions contemplated by its strategic partnership with Vodafone (News - Alert) announced on April 6, 2016. This strategic partnership agreement named Tangoe as Vodafone's preferred global TEM provider. Specifically, Tangoe (News - Alert) has acquired Vodafone's existing TEM technology and a majority o Vodafone's TEM employees have transferred to Tangoe. Also, Tangoe acquired some of the TEM contracts from Vodafone and the rest will be serviced by Tangoe as part of the strategic partnership. About Tangoe Tangoe (NASDAQ:TNGO) is a leading global provider of IT Expense Management (ITEM), which includes Telecom Expense Management (TEM), Managed Mobility Services (MMS), and Cloud Expense Management software and services to a wide range of global enterprises and service providers. The Matrix is Tangoe's technology and services platform designed to help companies transform the management of IT assets, services, expenses and usage to create business value, increase efficiency and deliver a positive impact to the bottom line. Additional information about Tangoe can be found at www.tangoe.com. Tangoe is a registered trademark of Tangoe, Inc.
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