Telecom expense management (TEM) software provider Tangoe has acquired managed mobility services (MMS) firm MOBI in another sign of consolidation in the enterprise mobility space.
Both companies will be familiar to regular readers of this publication – and their two technologies will seemingly complement one another. Indeed, Tangoe has been thinking about this space for some time; as far back as 2016, the company began to make waves into ‘mobility as a service’, offering device provisioning, management, and 24/7 help support for customers.
The move is being seen by both organisations as an opportunity to create a ‘global market powerhouse’, with a claimed $40 billion between them in annual technology spend, and 10 million connected devices managed.
“MOBI’s technology supports our overarching goal to help customers work smarter,” said Bob Irwin, CEO at Tangoe in a statement. “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.”
Speaking to Enterprise CIO at Mobile World Congress earlier this year, Tangoe mused the rise of SD-WAN and other emerging network technologies in the enterprise, as well as the rise of its consultancy service. Craig Riegelhaupt, director of product marketing, told of his belief that the level of knowledge in the company was greater than anywhere else he had seen in the industry.
For MOBI CEO Scott Krauge – who will join the Tangoe board of directors – the acquisition represents the culmination of a decade’s hard work. “Through our combined vision, MOBI and Tangoe will be better equipped to help customers increase productivity, deploy automation to transform device management, reduce costs, and use MOBI’s world class platform for all user experiences,” he wrote in a blog post.
Financial terms of the deal were not disclosed.
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