Tangoe Acquires ProfitLine for $23,500,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a59e17fe-617c-4493-9608-d3ab162340ca&Preview=1 -
Date
12/20/2011 -
Company Name
ProfitLine -
Mailing Address
9920 Pacific Heights Blvd. San Diego, CA 92121 -
Company Description
ProfitLine is the premier provider of telecom expense management services for Fortune 1000 companies. The company’s outsourced solution streamlines and manages the entire telecom lifecycle process for both wireline and wireless. -
Website
http://www.profitline.com -
Transaction Type
M&A -
Transaction Amount
$23,500,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
$14.5 million will be paid up front and $4.5 million will beg paid each at 12 months and 18 months after Monday’s close.
