M&A Deal Summary

Tangoe Acquires Symphony Teleca - Telecommunications Expense Management Business

On August 8, 2012, Tangoe acquired communications company Symphony Teleca - Telecommunications Expense Management Business from Symphony Teleca for 41M USD

Acquisition Highlights
  • This is Tangoe’s 1st transaction in the Communications sector.
  • This is Tangoe’s largest (disclosed) transaction.
  • This is Tangoe’s 5th transaction in the United States.

M&A Deal Summary
Date 2012-08-08
Target Symphony Teleca - Telecommunications Expense Management Business
Sector Communications
Buyer(s) Tangoe
Sellers(s) Symphony Teleca
Deal Type Divestiture
Deal Value 41M USD

Target

Symphony Teleca - Telecommunications Expense Management Business

United States
Symphony Teleca - Telecommunications Expense Management Business provides global outsourced Telecom Expense and Mobility Management services and solutions.

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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 7 of 10
Sector (Communications) 1 of 1
Type (Divestiture) 3 of 4
Country (United States) 5 of 8
Year (2012) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-21 ttMobiles

Oxford, United Kingdom

ttMobiles, Limited is a provider of mobile communications management solutions and services based in the United Kingdom.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Symphony Teleca

Mountain View, California, United States
Category Company
Founded 2002
Sector Internet Software and Services
Employees8,000
Revenue 370M USD (2014)
DESCRIPTION

Symphony Teleca Corp. is a software services company. Symphony Teleca provides software engineering and integration services that help businesses rapidly design and develop products and technologies at the convergence of device, sensors, cloud and data.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 Symphony Services

Palo Alto, California, United States

Symphony Services helps clients achieve higher innovation yields, compress time to market and improve productivity to increase the value from their R&D investments. From strategic and operational consulting guidance to complete product lifecycle capabilities, our singular focus on product development means we are engineered for your success.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Aditi Technologies

Seattle, Washington, United States

Aditi will serve as a strategic growth lever for STC through its design and cloud expertise, complementing its engineering, mobile and analytics capabilities, STC said in a statement.

Buy $74M
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