Tangoe Pre-IPO Review

by Kris_Tuttle on May 19, 2011


Tan­goe is a play on mobile for the enter­prise. Tan­goe pro­vides a solu­tion for com­pa­nies to man­age the usage, devices and car­rier rela­tion­ships for their orga­ni­za­tion. Gart­ner and other indus­try ana­lyst firms rec­og­nize Tan­goe as a leader in this niche mar­ket. The com­pany should do about $90m in rev­enue in 2011 and gen­er­ate $11m in EBITDA and a few mil­lion in oper­at­ing income. Our Intrin­sic Val­u­a­tion analy­sis sug­gests a share price of $11 to $14 which com­pares to the cur­rent price range of $9 to $11.

Pos­i­tives, Neu­trals and Neg­a­tives

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