Enterprise telecom expense management software.
Gary Golding’s active board leadership and domain expertise have been a constant for us throughout our entire relationship with Edison. Gary and Edison are all about shared success. Edison provided strategic advice and plenty of value-add as Tangoe has grown.
2002 - Edison makes initial investment and introduced Jerry Kokos, VFA CEO (Edison Director Network), as board member
2006 - Tangoe acquires Trak Wireless and shifts to a SaaS model
2009 - Edison recruited Audit Committee Chair Ron Kaiser to board
2010 - $68.5M in revenue, 70 percent CAGR
2011 - Tangoe trades Nasdaq (TNGO) at $10 per share, representing a 6X return and 15% ownership for Edison
2013 - Edison exits Tangoe with total cash proceeds to Edison of 10X investment cost of $8M.