Tangoe is the global leader in telecom expense management, managed mobility services, and cloud expense management software and solutions.
The companies said Mobi’s offices will remain in Zionsville and will operate under the Tangoe name. It will serve as headquarters for the combined company’s managed mobility services, or MMS, operations.
Tangoe said the acquisition of Mobi will give the company a big boost in managed mobility services, creating a business that manages $40 billion in annual technology spending and 10 million connected devices.
- READ MORE: Telecom Expenses and Small Businesses
Tangoe has 1,950 employees and Mobi had 315 employees by mid-2016, and employment remains at about that level, the company said .
Mobi’s clients are typically involved in the software, manufacturing and health care industries and have at least 500 phones or tablets in use.