Tangoe Acquires ProfitLine for $23,500,000

  • Feed Type
  • Date
    12/20/2011
  • Company Name
    ProfitLine
  • Mailing Address
    9920 Pacific Heights Blvd. San Diego, CA 92121
  • Company Description
    ProfitLine is the premier provider of telecom expense management services for Fortune 1000 companies. The company’s outsourced solution streamlines and manages the entire telecom lifecycle process for both wireline and wireless.
  • Website
    http://www.profitline.com
  • Transaction Type
    M&A
  • Transaction Amount
    $23,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    $14.5 million will be paid up front and $4.5 million will beg paid each at 12 months and 18 months after Monday’s close.