Market Overview

Tangoe Announces The MatrixCloud Solution Beta Program


Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of Connection Lifecycle Management (CLM) software and related services, today announced the global availability of the MatrixCloud Solution beta program to prospective and existing Tangoe customers. MatrixCloud enables the connected enterprise to centralize and control SaaS, PaaS and IaaS cloud expenses, while providing visibility, tracking, auditing and chargeback capabilities for cloud license, expense and capacity management.

“The exponential growth of cloud computing has raised concerns about how rapidly enterprises are adopting cloud technologies while ignoring or struggling to monitor and control the associated expenses,” said Ken Lienemann, senior vice president, Tangoe. “Through participation in the beta program, prospects and customers have the opportunity to analyze and optimize their cloud reality, and achieve visibility into the number of cloud services their organizations are using, track license capacity, understand how much they are spending and identify opportunities for savings.”

According to analyst firm, IHS, “Enterprises will spend more than $235 billion on cloud architecture and services by 2017 – a 35 percent gain from the $174 billion projected to be spent in 2014.” Cloud, along with social and mobile, are part of the enterprise move towards consumerized IT, which unlike enterprise IT, doesn't always involve IT, finance and procurement departments during the planning, purchasing, deployment and maintenance phases of projects. The combination of various business units deploying cloud technology separately from other departments and the misconception that it is not necessary to involve an enterprise's IT department in the cloud application adoption process has resulted in misallocated expenses, lost efficiency and poor policy enforcement for enterprises.

The MatrixCloud beta program can help provide the assurance that these resources are spent efficiently; allowing participants to control spending by:

Centrally managing cloud assets and expenses
Gaining visibility into hidden charges
Identifying unused and unknown cloud licenses
Eliminating multiple contracts with the same cloud vendors
Providing data to negotiate existing and future cloud contracts
Accurately allocating cloud assets and expenses
MatrixCloud can help organizations realize the best possible value from cloud subscriptions and secure corporate assets with analytics that create visibility across the enterprise. Additionally, by centralizing invoices, contracts, users and licenses, MatrixCloud brings control to the cloud chaos, while embracing the move to consumerized IT.

General availability of MatrixCloud is currently slated for spring 2015. For more information about MatrixCloud and to receive updates on the progress of the beta program, please visit

Posted-In: News Press Releases


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