Tangoe Closes the Acquisition of IBM's Rivermine TEM Business

ORANGE, Conn.--(BUSINESS WIRE)--

Tangoe, Inc. TNGO, a leading global provider of Connection Lifecycle Management (CLM) software and related services, announced that it has closed the acquisition of IBM's Emptoris Rivermine Telecom Expense Management business.

IBM's Rivermine TEM business includes comprehensive fixed and mobile telecom expense management software and related services, as well as a global blue chip customer base. The business fits particularly well within the core of Tangoe's broader Matrix solution suite, which helps clients turn on, track, manage, secure, and support their IT assets, expense, and usage including mobile, fixed, machine-to-machine, cloud software and services, enterprise social, and IT.

About Tangoe

Tangoe TNGO is a leading global provider of Connection Lifecycle Management software and services to a wide range of global enterprises and service providers. The company's Connection Lifecycle Management platform, Matrix, is an on-demand suite of software and services designed to turn on, track, manage, secure, and support various connections in an enterprise's connection lifecycle, including mobile, fixed, machine-to-machine, cloud software and services, enterprise social, and IT connections. Additional information about Tangoe can be found at www.tangoe.com.

Tangoe is a registered trademark of Tangoe, Inc.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150601005228/en/