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Tangoe prices IPO at $10, at midpoint of the range

July 26, 2011

Tangoe, which offers on-demand communications expense management software to enterprises, raised $88 million by offering 8.8 million shares (14% insider) at $10, at the midpoint of the range of $9 to $11. Tangoe plans to list on the NASDAQ under the symbol TNGO. Deutsche Bank Securities and Stifel Nicolaus Weisel acted as lead managers on the deal.