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Thu, March 29, 2012

Tangoe, Inc. Announces Pricing of Public Offering


Published on 2012-03-29 06:11:41 - Market Wire
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ORANGE, Conn.--([ ])--Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of communications lifecycle management software and related services, today announced the pricing of a registered public offering of an aggregate of 8,000,000 shares of common stock at a price to the public of $18.50 per share. Of the shares in the offering, 2,200,000 shares are being offered by Tangoe, and 5,800,000 shares are being offered by selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares at the public offering price. Tangoe will not receive any proceeds from the sale of shares by the selling stockholders.

Deutsche Bank Securities, Barclays, and Stifel Nicolaus Weisel are acting as joint book-running managers for the offering. Lazard Capital Markets is acting as co-manager.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. The offering will be made only by means of a prospectus, copies of which may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, by telephone: (800) 503-4611, or by e-mail at [ prospectus.cpdg@db.com ]; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone: (888) 603-5847 or by e-mail at [ barclaysprospectus@broadridge.com ]; or Stifel, Nicolaus & Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone: (415) 364-2720.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, Tangoeas common stock or any other securities, nor shall there be any sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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