Friday, June 16, 2017

Marlin Equity Acquires Tangoe, Merges It With Asentinel

Los Angeles-based private equity and investment firm Marlin Equity said on Friday that it has completed its take-private acquisition of Tangoe, Inc., and combined it with existing asset Asentinel. Both companies operate as part of the technology lifecycle management (TLM) market. Marlin has appointed Robert Irwin as CEO of the newly combined company. Irwin previously served as CEO of EMS Software, TDCI and Sterling Commerce. Malin Equity had said earlier it would pay $6.50 per share in cash to acquire publicly traded Tangoe. The deal values Tangoe at approximately $259.6M.