Tangoe to acquire IBM’s Rivermine TEM business

USA: Tangoe, the Connection Lifecycle Management (CLM) software and related services provider has signed a definitive asset purchase agreement to acquire IBM’s Emptoris Rivermine Telecom Expense Management business.  The transaction is expected to close on May 31, 2015.

IBM’s Rivermine TEM business includes comprehensive fixed and mobile telecom expense management software and related services, as well as a global blue chip customer base.  The business fits particularly well within the core of Tangoe’s broader Matrix solution suite, which helps clients turn on, track, manage, secure, and support their IT assets, expense, and usage including mobile, fixed, machine-to-machine, cloud software and services, enterprise social, and IT.  The combined global presence of two companies will benefit the IBM Rivermine TEM customers also.

Al Subbloie, president and CEO of Tangoe said, “We expect that the combination will also make us more competitive in federal government pursuits, a result of the recent expansion by the IBM Rivermine TEM business.”

Longer term, we expect that this acquisition will extend incremental value to the Rivermine TEM client base through Tangoe’s broader Matrix solution portfolio and by delivering visibility and control for their other IT expenses including cloud, IT, and M2M, to help them reduce expenses, increase operational efficiency, and improve productivity, freeing them to focus on the transformative aspects of their IT, said the company.