Tangoe, which provides on-demand communications lifecycle management (CLM) software, announced terms for its IPO on Thursday. The Orange, CT-based company plans to raise $88 million by offering 8.8 million shares at a price range of $9.00 to $11.00. At the mid-point of the proposed range, Tangoe will command a market value of $377 million. Tangoe, which was founded in 2000 and booked $75 million in sales for the 12 months ended March 31, 2011, plans to list on the NASDAQ under the symbol TNGO. Deutsche Bank Securities and Stifel Nicolaus Weisel are the lead underwriters on the deal, which is expected to price the week of July 25.
