Market Overview

Tangoe, Inc. Acquires Anomalous Networks; Does Not Expect to Impact EPS in 2012 Materially

Tangoe, Inc. (NASDAQ: TNGO) announced that it has acquired privately held Anomalous Networks, a leading provider of Real-Time Telecom Expense Management software solutions.

rTEM is a critical cost containment capability that enhances both mobile Telecom Expense Management (TEM) and Mobile Device Management (MDM) solutions. For TEM solutions, rTEM shifts the expense management focus from post bill receipt to the actual point of consumption, reducing or proactively preventing the cost impacts of unnecessary overages. For MDM solutions, rTEM provides a rapidly deployed, easily configurable cost management capability that goes beyond traditional device security and control, enabling a more effective and complete solution. Based on its immediate and predictive cost containment nature, rTEM is an essential component in the elimination of “bill shock” or the unexpected receipt of large mobile services bills by individuals and organizations of all sizes.

Anomalous Networks delivers rTEM solutions for a wide array of communication devices such as smartphones, tablets, personal computers, and modem-enabled equipment. The company's solutions are complementary to Tangoe's existing offerings by providing additional capabilities such as predictive cost intelligence, “bill shock” prevention, user alert acknowledgement tracking, usage anomaly detection, and enhanced policy enforcement. The combined offering will provide solutions with deeper, more expansive real-time usage visibility and control, enabling our customers with further opportunities to reduce their communication expenses.

Posted-In: News Guidance M&A

 

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