Asentinel acquires Anatole; raising the bar in the global Telecom Expense Management market
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  • Asentinel acquires anatole; raising the bar in the global telecom expense management market

MEMPHIS, TENNESSEE, June 2, 2016 – Asentinel, LLC, a Marlin Equity Partners portfolio company, is pleased to announce that it has acquired Anatole, a leading provider of SaaS telecom and IT expense management solutions that help customers reduce costs by auditing and managing services and IT assets. Anatole’s SaaS Telecom Expense Management (TEM) solution unifies mobile, fixed and data telecom services management on a single software platform, and seamlessly integrates with advanced Mobile Device Management (MDM) solutions as well as real-time TEM solutions to monitor employee roaming and smartphone application usage. Anatole is headquartered in Paris, France and has employees in the UK, Germany and Belgium. The merger will add robust wireless capabilities to Asentinel’s existing TEM product offering and create a global, market leading provider of wireline and wireless technology expense management software solutions.

anantole_is_now_asentinel“For 16 years, Anatole’s success has resulted from our team’s passion to exceed clients’ expectations. Our clients know that there is no substitute for local staff with proven expertise in the nuances of the European market,” said Raphael Vergnaud, Managing Director of Anatole. “Combining with Asentinel allows us to fulfill our dreams to deliver excellence in telecom expense management and IT expense management around the globe.”

“Anatole has distinguished itself as a TEM leader in a complex and shifting European marketplace,” said Tim Whitehorn, Chief Executive Officer of Asentinel. “With the addition of Anatole, we are now well-positioned to respond to the challenges of telecom expense management and mobility in a rapidly growing global market.”

 

About Anatole

Anatole provides solutions allowing enterprises to deal with key aspects of telecoms, mobility and IT: cost, policy, usage and assets. Anatole offers a market-leading TEM solution and a management suite for analytics, reporting and management of all telecoms and IT assets, including enterprise mobility solutions and other user/asset systems.

Anatole offers a complete range of solutions, from software, to consulting, to managed and professional services. Anatole manages telecom spend in more than 50 countries throughout the world; and over 150 customers rely on Anatole solutions. Anatole works directly with enterprises as well as mobile operators and systems integrators. For more information, please visit: www.anatole.net/en.

Breaking News: Tangoe to be combined with Asentinel
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Tangoe to be combined with Asentinel to create a market leader

LOS ANGELES & ORANGE, Conn. & MEMPHIS, Tenn. April 28, 2017 — Marlin Equity Partners (“Marlin”), a global investment firm, announced today that it has entered into a definitive agreement to acquire all outstanding shares of Tangoe, Inc. (OTCPK:TNGO) (“Tangoe”) for $6.50 per share in cash. Tangoe is a global leader in telecom expense management (“TEM”) solutions that enable enterprises to manage and optimize spend across multiple IT categories by providing visibility into the complex processes associated with their assets and expenses.

“After careful consideration and deliberation, our Board of Directors concluded that the sale of Tangoe to Marlin was in the best interest of Tangoe and its shareholders,” said Jerry Kokos, Executive Chairman of Tangoe. “Given its deep bench of operational resources and excellent track record of acquiring and growing businesses in the TEM market, Marlin is an ideal partner for Tangoe. This transaction provides the opportunity for immediate and substantial value to Tangoe shareholders, while also allowing Tangoe greater flexibility to execute on its long-term strategic vision.”

At closing, Marlin intends to combine Tangoe with its existing portfolio company Asentinel, a provider of TEM software and services. The combination would create a market leader managing more than $38 billion of IT and telecom spend on behalf of over 1,300 customers worldwide. The new company would operate under the Tangoe brand with Jim Foy continuing to serve as CEO, with Tim Whitehorn, CEO of Asentinel, serving as the Chief Product Officer.

“We are excited about the opportunity to partner with Marlin and combine with Asentinel, and see tremendous benefit in combining Tangoe’s global scale and comprehensive offering with Asentinel’s heritage of technological innovation,” said Mr. Foy. “The breadth and depth of our combined product and service capabilities, delivered on a global scale, should enable us to provide a compelling value proposition to our customers,” added Mr. Whitehorn.

“We look forward to working closely with the Tangoe and Asentinel teams to develop world-class solutions and drive customer success,” said Peter Chung, a principal at Marlin. “This agreement further supports Marlin’s long-term commitment to the TEM market and the value we believe these solutions deliver to customers.”

Follow this link to read the full press release: https://www.asentinel.com/marlin-equity-partners-enters-into-agreement-to-acquire-telecom-expense-management-leader-tangoe-inc/