Asentinel Awarded Third Patent For Telecom Expense Management Software
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Asentinel Awarded Third Patent For Telecom Expense Management (TEM) Software

MEMPHIS, Tennessee, June 30, 2014 – Asentinel, a technology-driven Telecommunications Lifecycle Management company announced that it has been awarded a third United States patent covering core elements of its groundbreaking Telecom Expense Management (TEM) software. U.S. Patent No. 8,712,878 joins previously granted U.S. Patent Nos. 7,340,422 (2008) and 7,805,342 (2010). The basis of these patents, owned by Asentinel, relates to systems and methods of processing and analyzing telecommunications invoices, including wireless telecommunications invoices.

The patents now include more than 100 claims issued by the United States Patent and Trademark Office. “Recognizing the distinctiveness of our technology-centric solution for Telecom Management, we pursued an avenue to protect our intellectual property,” said Asentinel CEO David C. Perdue. “With strong growth realized in the TEM market (Gartner estimates the TEM market to be approaching $2B in 2016), we believe both enterprises and TEM service organizations, will look to providers with the technology and experience necessary to provide the desired solutions,” added Perdue.

The patent announcement comes on the heels of Asentinel’s continued market success:

  • 2013 was a record-breaking year in terms of revenue and client acquisition in both Direct and Partner channels
  • Maintained a stellar user experience and reputation results by again exceeding a 95% client retention rate
  • Asentinel’s cumulative telecom spend under management exceeds $2B annually

The current year is on pace to surpass further metrics as Asentinel has added significant new clients. These additions extend Asentinel’s solutions to more than two dozen verticals including 8 of the 30 largest U.S. banks (ranked by assets); and 5 of the largest retailers with a combined store count of 40,000.

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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/