M&A Deal Summary

Tangoe Acquires Asentinel

On April 28, 2017, Tangoe acquired software company Asentinel from Marlin Equity Partners

Acquisition Highlights
  • This is Tangoe’s 3rd transaction in the Software sector.
  • This is Tangoe’s 7th transaction in the United States.
  • This is Tangoe’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-04-28
Target Asentinel
Sector Software
Buyer(s) Tangoe
Sellers(s) Marlin Equity Partners
Deal Type Merger

Target

Asentinel

Memphis, Tennessee, United States
website
Asentinel is a provider of Telecom Expense Management (TEM) software and complementary services that help streamline and automate fixed and mobile telecom spend. Asentinel was founded in 2002 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Tangoe

Indianapolis, Indiana, United States

website


Category Company
Founded 2000
Sector Software
Employees2,339
Revenue 212M USD (2014)
DESCRIPTION

Tangoe is a provider of IT and Telecom Expense Management (TEM) software and related services to a wide range of global enterprises and service providers. Tangoe helps 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. Tangoe was founded in 2000 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 9 of 10
Sector (Software) 3 of 3
Type (Merger) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 7 of 8
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 IBM - Rivermine TEM Business

United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 MOBI Wireless Management

Indianapolis, Indiana, United States

MOBI Wireless Management LLC is a managed mobility services (MMS) company enabling enterprises to centralize, comprehend, and control their connected device ecosystems. MOBI cloud software saves your program money and satisfies all global enterprise needs. MOBI Wireless Management LLC was founded in 2009 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 18 of 55
Sector (Software) 10 of 22
Type (Merger) 4 of 9
State (Tennessee) 1 of 3
Country (United States) 16 of 42
Year (2017) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Tangoe

Indianapolis, Indiana, United States

Tangoe is a provider of IT and Telecom Expense Management (TEM) software and related services to a wide range of global enterprises and service providers. Tangoe helps 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. Tangoe was founded in 2000 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Lochbridge

Detroit, Michigan, United States

Lochbridge, Inc. is a provider of broad range of IT services for distributed, mainframe and mobile environments, and provides guidance to its customers that helps maximize the value of their technology.

Sell -