Tangoe Raises $8 Million in Fifth Round - Orange, CT

Tangoe, an Orange-based provider of telecommunications expense management software, has raised $8 million in its fifth round of venture capital, led by North Atlantic Capital. Based in Portland, North Atlantic accounted for $6 million in the investment deal. Other investors in the deal include Edison Venture Funds, Axiom Venture Partners, and other existing Tangoe investors. Tangoe said that it will use the new investment funds to fuel the continued expansion of its managed services practice and its mobile and wireless expense management product offerings.

http://www.tangoe.com