March 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Tangoe Inc (NASDAQ:TNGO) shares over potential securities laws violations by Tangoe Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tangoe Inc (NASDAQ:TNGO) concerning whether a series of statements by Tangoe Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Tangoe Inc reported that its annual Total Revenue rose from $188.91 million in 2013 to $212.48 million in 2014 and that its Net Income of $4.96 million in 2013 declined to $2.94 million in 2014.
Shares of Tangoe Inc (NASDAQ:TNGO

On March 7, 2016, Tangoe Inc (NASDAQ:TNGO) announced that it will restate its financial statements for the years 2013 and 2014, all quarters therein, and the first 3 quarters of 2015. Tangoe Inc said that this decision was approved by the Company's Board of Directors, upon the recommendation of the Company's Audit Committee and that Tangoe Inc does not expect to file its annual report on Form 10-K with the SEC as scheduled on March 15, 2016.