M&A Deal Summary

Tangoe Acquires MOBI Wireless Management

On December 5, 2018, Tangoe acquired internet software and services company MOBI Wireless Management from Bregal Sagemount

Acquisition Highlights
  • This is Tangoe’s 1st transaction in the Internet Software and Services sector.
  • This is Tangoe’s 8th transaction in the United States.
  • This is Tangoe’s 1st transaction in Indiana.

M&A Deal Summary

Date 2018-12-05
Target MOBI Wireless Management
Sector Internet Software and Services
Buyer(s) Tangoe
Sellers(s) Bregal Sagemount
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

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 10 of 10
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Indiana) 1 of 1
Country (United States) 8 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Asentinel

Memphis, Tennessee, United States

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.

Buy -

Seller(S) 1

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 22 of 37
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 9 of 16
State (Indiana) 1 of 1
Country (United States) 21 of 34
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 MDaudit

Waltham, Massachusetts, United States

MDaudit is a provider of consulting services and billing and compliance audit software for university-based, non-profit, mission-based and for-profit hospitals and physician practices across the U.S. In its consulting services practice, Hayes provides clinical/IT consulting, revenue cycle management and strategic consulting services to leading healthcare organizations in the U.S. MDaudit was formed in 1993 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 ZeOmega

Plano, Texas, United States

ZeOmega provides a powerful population health management platform for payers, providers and value-based care organizations. ZeOmega's strategic solution is designed to integrate workflow, analytics, content and communication capabilities. ZeOmega was founded in 2001 and is based in Plano, Texas.

Sell -