Technology expense management (TEM) company Tangoe has acquired managed mobility services business MOBI.
The combined company will manage $40bn in annual technology spend and 10 million connected devices.
“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 a MMS solution and provide MOBI clients with access to our global TEM capabilities and worldwide coverage.”
Josh Garrett, MOBI President and co-founder, will join Tangoe as president of MMS and report to Irwin.
Scott Kraege, MOBI CEO and co-founder, will join the Tangoe board of directors and maintain an advisory.
MOBI’s offices in Indianapolis will remain open and become headquarters for the combined company’s global MMS business.