Telecom Expense Management Firm Asentinel Acquired By Marlin Equity Partners
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MEMPHIS, Tennessee – January 12, 2015:Asentinel, LLC (“Asentinel”), a leading provider of Telecom Expense Management (TEM) software and complementary services that help streamline and automate fixed and mobile telecom spend, is pleased to announce that it has been acquired by Marlin Equity Partners(“Marlin”), a global investment firm with over $3 billion of capital under management and an extensive and successful track record in the technology industry. Encompassing the entire lifecycle of wireless, wireline, data and equipment assets, Asentinel’s patented SaaS TEM solution enables its clients to efficiently manage and reduce telecom and IT expenses, automate accounting and payment processes and leverage analytics to optimize vendor contracts. Headquartered in Memphis, TN, with an additional office in Bucharest, Romania, the company serves a global client base of approximately200 customersacross a variety of industries including banking, technology, services, retail, energy, manufacturing, logistics, healthcare and insurance.

Tim Whitehorn, CEO of Asentinel, stated, “Since 2002, Asentinel has been a technology and service leader in the TEM market. With Marlin as our new strategic partner, we will aggressively pursue opportunities for innovation and expansion that will redefine the benefits of TEM solutions and further enhance the value we deliver to our clients.”

“Asentinel has developed a fully-integrated, end-to-end solution that delivers the TEM value proposition required by large enterprise clients,” saidEric Hinkle,an operating partner to Marlin. “We are excited about the growth opportunities in the global TEM industry and look forward to working with the Asentinel team to extend the company’s market leading position.”

About Asentinel

Asentinel, a leading provider of Telecom Expense Management (TEM) software, meets the needs of customers by providing telecommunications lifecycle management solutions and services that are delivered through a customer-focused, technology-driven SaaS technology platform. Asentinel holds the only comprehensive United States patents in TEM for its groundbreaking software. The company serves a growing client base of Global 2000, Fortune 1000 and multinational entities that rely on the power of TEM to reduce spend, automate processes, manage inventory and maximize business intelligence and actionable analytics. For more information, please visit www.asentinel.wpengine.com/.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 85 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com
For more information:
Jenny Wallace
Asentinel, Marketing Manager
jenny.wallace@asentinel.com
(901) 312-6514

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/