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Investment Summary

HCL Technologies Exits HCL Expense Management Services

On January 25, 2011, Tangoe invested in business services company HCL Expense Management Services from HCL Technologies

Investment Highlights
  • This is Tangoe’s 1st transaction in the Business Services sector.
  • This is Tangoe’s 2nd transaction in the United States.
  • This is Tangoe’s 1st transaction in New Jersey.

Investment Summary
Date 2011-01-25
Target HCL Expense Management Services
Sector Business Services
Investor(s) Tangoe
Sellers(s) HCL Technologies
Deal Type Divestiture

Target

HCL Expense Management Services

Rutherford, New Jersey, United States
HCL Expense Management Services, Inc. is a provider of telecom expense management solutions that manage more than $7 billion of telecommunications expenses and offer a full suite of solutions to manage voice, data, wireless and equipment expense to both enterprises and carriers.

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Investor(S) 1

Investor

Tangoe

Indianapolis, Indiana, United States
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 2 of 10
Sector: Business Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 4
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-15 InterNoded

Waltham, Massachusetts, United States

InterNoded, Inc. is a provider of Mobile Device Management (MDM) solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-18 Telwares - Telecom Expense Management Business

United States

Telwares - Telecom Expense Management Business provides IT services in US.

Buy -

Seller(S) 1

SELLER

HCL Technologies

Noida, India
Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.17T INR (2025)
DESCRIPTION

HCL Technologies is an IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, Uttar Pradesh.

DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-15 Axon Group

Egham, United Kingdom

Axon provides consultancy services to multinational organizations that have chosen SAP as their strategic enterprise platform and has about 2,000 employees.

Buy £441M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 CapitalStream

Seattle, Washington, United States

CapitalStream, Inc. provides automates commercial finance processes for banks, finance companies, and manufacturers by streamlining manual processes for leases, loans, lines of credit, credit cards and other finance products.

Sell -
Mergr

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