ORANGE, Conn.–(BUSINESS WIRE)–Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of on-demand Communications Lifecycle Management (CLM) software and related services, has acquired privately held ttMobiles, Limited, a leading provider of mobile communications management solutions and services based in the United Kingdom.

“The acquisition of ttMobiles accelerates our European expansion and enhances our ability to implement and service global programs through local expertise in this important geographic region,” said Al Subbloie, President and CEO of Tangoe. “ttMobiles will enable Tangoe to immediately deliver additional solutions and coverage to our multi-national and European-based customers. In addition, their cloud-based mobile communications management solutions are highly complementary to Tangoe‘s offering, further enhancing our global integrated CLM platform and providing an attractive opportunity to drive cross-sell opportunities over the long-term.”

Multi-national enterprises are facing ever-increasing mobile management challenges to gain asset and spend visibility, contain operational costs, govern and manage device usage, secure corporate data, mitigate mobility risks, and maintain policy compliance. These challenges are further compounded with country- and region-specific regulations, rapid device and service provider turnover, and higher expectations of individualized service by employee end users.

ttMobiles delivers an array of mobility solutions including: mobile sourcing, provider migration, localized charge auditing, personal call management, cost control, recorded call management, fleet administration, and complete outsourced mobile management. The combined capabilities of Tangoe and ttMobiles provide a comprehensive managed mobility service offering with localized delivery and expertise.

“ttMobiles has delivered innovative solutions with exceptional client value to European-based enterprises for more than a decade. Our offerings merge the extensive European knowledge and expertise of our dedicated professionals with the strength of our leading technology to deliver best-in-class mobility management to our clients,” said Aldo Rossi, Managing Director and Co-founder of ttMobiles. “We believe that the combination of Tangoe and ttMobiles will provide an unparalleled mobile management solution essential to European-based organizations, as well as multi-national organizations throughout the world.”

Aldo Rossi will be the Managing Director of Tangoe’s European operations, reporting to Scott Snyder, Tangoe’s Senior Vice President of Corporate Development and Europe. Additionally, ttMobiles executive directors will assume roles in Tangoe’s European operations that correspond to their current responsibilities at ttMobiles. Tangoe will also continue to utilize the ttMobiles brand.

ttMobiles’ Expected to Have a Positive Financial Impact on Tangoe’s Financial Results

As a result of the ttMobiles transaction, Tangoe is increasing its financial guidance as follows:

• First Quarter 2012 Guidance: We expect ttMobiles to contribute approximately $0.5 million in total revenue, with approximately $0.4 million in recurring and $0.1 million in non-recurring. As such, total revenue is now expected to be in the range of $32.7 million to $33.2 million, up from prior guidance of $32.2 million to $32.7 million. We don’t currently expect the transaction to have material impact on non-GAAP profitability during the first quarter. We continue to expect Adjusted EBITDA to be in the range of $3.5 million to $3.7 million and non-GAAP net income per share to be approximately $0.08 based on approximately 39.0 million weighted-average diluted shares outstanding.
• Full Year 2012 Guidance: We expect ttMobiles to contribute approximately $4.5 million in total revenue, with approximately $3.5 million in recurring and $1.0 million in non-recurring. As such, total revenue is now expected to be in the range of $141.5 million to $143.5 million, up from prior guidance of $137.0 million to $139.0 million. Adjusted EBITDA is now expected to be in the range of $20.0 million to $20.5 million, up from prior guidance of $19.5 million to $20.0 million. Non-GAAP net income per share is now expected to be in the range of $0.42 to $0.43, up from prior guidance of $0.41 to $0.42 based on approximately 39.5 million weighted-average diluted shares outstanding.

More at www.tangoe.com