M&A Deal Summary

Tangoe Acquires ProfitLine

On December 19, 2011, Tangoe acquired business services company ProfitLine from FTV Capital for 24M USD

Acquisition Highlights
  • This is Tangoe’s 2nd transaction in the Business Services sector.
  • This is Tangoe’s 2nd largest (disclosed) transaction.
  • This is Tangoe’s 4th transaction in the United States.
  • This is Tangoe’s 1st transaction in California.

M&A Deal Summary
Date 2011-12-19
Target ProfitLine
Sector Business Services
Buyer(s) Tangoe
Sellers(s) FTV Capital
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

ProfitLine

San Diego, California, United States
ProfitLine is a provider of telecom expense and mobility management services. ProfitLine addresses the growing challenges that global enterprises face in the day—to-day management of fixed and mobile telecom expenses, mobile devices, communications services, and carrier relationships.

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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 4 of 10
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 5
State (California) 1 of 1
Country (United States) 4 of 8
Year (2011) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Anomalous Networks

Montreal, Quebec, Canada

Anomalous Networks is a provider of Real-Time Telecom Expense Management (rTEM) software solutions.

Buy -

Seller(S) 1

SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.

DEAL STATS #
Overall 20 of 61
Sector (Business Services) 5 of 6
Type (Add-on Acquisition) 12 of 38
State (California) 6 of 17
Country (United States) 20 of 54
Year (2011) 3 of 3
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 CashStar

Portland, Maine, United States

CashStar, Inc. is a provider of gift card commerce solutions at the forefront of mobile payments and digital gifting innovation. CashStar, Inc. was established in 2002 and is based in Portland, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Utopia

Mundelein, Illinois, United States

Provides enterprise data management solutions.Utopia offers many data-related service solutions to meet your data needs. Our core competency is in data solutions, and we want to help you get the most out of your enterprise by using trusted data. We know the value of data quality, and have the knowledge and experience to maximize the benefits of your data assets.

Buy -
Mergr

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