Tangoe Files for $75 Million IPO
Tangoe Inc., an Orange, Conn.-based provider of communications lifecycle management software and services, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol TNGO, with Deutsche Bank Securities and Thomas Weisel Partners serving as co-lead underwriters.
The company reports 2009 revenue of nearly $56 million, compared to $37.5 million in 2008. Its net loss fell to $2.55 million in 2009.
Tangoe has raised over $18 million in VC funding. Shareholders include Edison Venture Funds (21.5% pre-IPO stake), Sevin Rosen Funds (16.8%), Investor Growth Capital (12.4%) and North Atlantic Capital (9.9%). www.tangoe.com
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