Courtesy of Benzinga.
Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of Communications Lifecycle Management (CLM) software and related services, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $20 million of its outstanding common stock from time to time on the open market or in privately negotiated transactions.
“The share repurchase program emphasizes our continued commitment to building long-term shareholder value and our confidence in the growth potential of Tangoe,” stated Albert Subbloie, president and CEO of Tangoe. “The combination of the continuing strong demand for CLM solutions along with the expansion of Tangoe’s leadership position driven by the compelling value proposition of our suite of integrated solutions, positions the company to maintain its momentum worldwide.”
