Trouble at Tangoe?
Tangoe, a top Telecom Expense Management (TEM) firm, recently notified its customers that it had received two proposals to be acquired by private equity firms.
In a related press release, Tangoe stated that it would likely not meet the deadline for completing its financial restatement process and as a result could be delisted from the Nasdaq stock exchange.
Should this news concern Tangoe customers? What about customers of other TEM providers? Are there steps that TEM users need to take if they’re now worried about their TEM provider’s stability?