Asentinel Transcends Industry Milestones
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Asentinel Transcends Industry Milestones

MEMPHIS, Tennessee, February 25, 2014 – Asentinel, a technology-drivenTelecommunications Lifecycle Management companyannounced that it has exceeded a record $2B in client Telecom spend under management.

“What makes this metric momentous is that this represents the current cumulative Telecom spend under active management”, commented Richard Janis – Asentinel’s Sr. Vice President. Simply stated, if you added up the current Telecom spend being supported by Asentinel’s proprietary, patented platform – Asentinel 9, whether delivered to a client as a Managed Service or Outsourcing solution, the combined Telecom expenditures now exceed $2B annually.

Hyoun Park, Founder and Principal Consultant, DataHive Consulting commented; “Only a few telecom management vendors have grown their spend under management to the billions of dollars level. Asentinel’s achievement in exceeding $2 Billion, purely through organic growth, represents a combination of longevity and customer loyalty that is rare in this industry.”
Contributing to this performance:

  • Asentinel executed a record-breaking year in 2013 including the contract award of one of the largest global financial institutions.
  • The implementation of two major non-US based IT and Business Outsourcing firms, the world’s largest independent provider of insurance claims management solutions and more than two dozen additional new customers.
  • Asentinel’s current quarter represents multiple client additions to include one of the world’s largest staffing and recruitment firms, a leading provider of healthcare information and automation solutions, and a major supplier of enterprise IT services to the government sector.
  • Asentinel continues to maintain an exemplary record of a 95+% client retention standard which includes 7 of the Top 30 US Banks (asset size), 4 of the Top 10 retailers in the US (store count), and 2 of America’s 10 Largest Private Companies (Forbes).

Janis stresses that “Asentinel’s position as a flexible, agile ‘boutique’ firm with a focus on the holistic solution of Platform, Process, and People is the company’s distinctive competence and will serve as the springboard for continued success and achievements. In addition, our experience in creating partnerships and delivering excellence will be a key focus for accelerating our already strong growth.”

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/