LOS ANGELES, December 5, 2018 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired MOBI Wireless Management, LLC (“MOBI”), a leading provider of cloud-based managed mobility services (“MMS”) software solutions that help enterprise customers manage and optimize their endpoint device footprints. MOBI will be merged with Tangoe, a Marlin portfolio company, accelerating the expansion of Tangoe’s capabilities and position within the MMS market and further strengthening Tangoe’s existing end-to-end technology expense management (“TEM”), MMS and cloud expense management platform.
“MOBI’s technology supports our overarching goal to help customers work smarter,” said Bob Irwin, CEO at Tangoe. “This combination will give Tangoe customers the immediate benefit of access to the most powerful MMS solution on the market and provide MOBI clients access to our global TEM capabilities, deep expertise and worldwide coverage. We’re thinking about what the TEM and MMS market of the future will be — and we’re building it now.”
The transformative merger combines MOBI’s best-in-class endpoint device management platform with Tangoe’s global reach and TEM capabilities to create the most advanced TEM and MMS platform available to enterprises today. Together, Tangoe and MOBI will become the largest pure-play vendor within the TEM and MMS markets, managing more than 10 million devices and over $40 billion in technology spend worldwide.
“MOBI’s best-in-class MMS capabilities are highly complementary to Tangoe’s technology platform, and this combination accelerates the product roadmaps of both companies,” said Peter Chung, a managing director at Marlin. “We are thrilled to partner with the MOBI team and look forward to further investing in next-generation features that will enhance the value we deliver to our global customer and partner base.”
Josh Garrett, MOBI president and co-founder, will join Tangoe as president of MMS and report to Bob Irwin. Scott Kraege, MOBI CEO and co-founder, will join the Tangoe board of directors and maintain an advisory role focused on customer success, culture and employee engagement. MOBI’s offices in Indianapolis will become headquarters for the combined company’s global MMS business, and Tangoe will maintain its corporate headquarters in New Jersey and global centers of excellence in Australia, Brazil, China, France, India, Romania and the United Kingdom.
Schulte Roth & Zabel LLP served as legal advisor to Marlin and Tangoe, and Ice Miller LLP served as legal advisor to MOBI.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
Tangoe is the largest global provider of technology expense management (“TEM”) and managed mobility services (“MMS”) solutions that help large enterprises optimize their telecom spend by providing visibility into the complex processes associated with their fixed and mobile telecom connections. Through integrations with over 2,000 global carriers, Tangoe’s solutions allow clients to intelligently plan, source, procure, provision, manage and track telecom inventory, devices and usage. For more information, please visit www.tangoe.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via email at email@example.com.