Tangoe Files for $75M IPO

4/19/10

Tangoe, an Orange, CT-based provider of enterprise communication management software, has filed for an initial public offering of $75 million in common stock. The proceeds from the IPO will go to paying down the company’s debt, as well as increasing capital for financing growth, developing new products, and funding potential future investments and acquisitions, the filing indicated. Deutsche Bank Securities and Thomas Weisel Partners will act as joint book-runners for the deal.

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