Tango Achieves Significant Growth and Innovation in 2015
Leading provider of Store Lifecycle Management receives new investment, increases revenue, expands product offerings and welcomes new industry talent
Irving, Texas (February 22, 2016) – Tango, a leader in Store Lifecycle Management (SLM), offering the retail industry’s only complete solution bridging strategy and execution, reported both significant revenue growth and product advancements in 2015. Tango enjoyed increased demand for its innovative products and services both locally and in global markets as a result of the depth and breadth of the company’s talent, vision for the industry and completeness of its offering.
Revenue for Tango’s SaaS business has grown by 320 percent over the past three years, and the company signed 13 new customer contracts in the fourth quarter of 2015 alone. During the year, the company also significantly expanded its international presence, completing the industry's only successful integrated deployment of geospatial analytics, market planning, site selection, program and project management and franchisee management across six continents. Tango’s SLM platform is now used in over 100 countries.
“2015 was a year of considerable growth and change at Tango,” explains Pranav Tyagi, Tango’s President and Chief Executive Officer. “Recognizing our vision for the market, our approach to developing and delivering industry-leading solutions and our strong team of industry experts, Frontier Capital made a significant investment in our business, which will help us support our vision and continue our rapid growth and expansion. Tango systems now manage in excess of 200,000 retail and restaurant locations worldwide and the company can claim 13 of the top 50 retailers in the world as customers.”
Expanding its already deep roster of talent, industry leaders Rick Zelinsky and Paul Thompson joined Tango in 2015. Rick brings more than 20 years of experience in real estate technology, and is a veteran of the Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM) space. Previously Director of Analytical Services in EMEA for Pitney Bowes / MapInfo, Paul joined Tango as Vice President, Client Management. Paul brings more than 12 years of management responsibility and over 20 years in retail services experience, and will be instrumental in helping to ensure Tango continues to provide value to customers.
“At Tango, we truly pride ourselves on the caliber of our people,” explains Mr. Tyagi. “The strength of our solutions and our services is a result of the combined talents of the industry’s foremost innovators, and the addition of Paul and Rick will help bolster our leadership position and our product portfolio in the areas of SLM and IWMS.”
Tango transforms challenging business situations by unearthing hidden customer and location opportunities for our diverse roster of location-centric clients, including North America’s largest retailers and restaurant chains. A leader in Store Lifecycle Management, Tango leverages deep executional expertise and an industry leading cloud based SaaS platform to enable our customers to accurately plan and execute their real estate strategy. The Tango team has worked with over 120 retailers and brings that knowledge and best practices to its Intelligent Store Lifecycle Management solution, and its consulting and services offerings. For more information, visit tangoanalytics.com.