New Jersey Company Acquires MOBI

Posted: Updated:
(Image courtesy of MOBI) (Image courtesy of MOBI)
INDIANAPOLIS -

Indianapolis-based mobility management software and services company MOBI has been acquired. Financial terms of the deal are not being disclosed, however New Jersey-based Tangoe says MOBI's Indianapolis office will become the headquarters for the combined company's global Managed Mobility Services business.

Tangoe is a technology expense management company with offices throughout the world. MOBI co-founder and chief executive officer Scott Kraege will join the Tangoe Board of Directors and maintain an advisory role on culture, customer success, and employee engagement.

"The opportunity for MOBI to bring our award-winning software, automation and team to the global marketplace with Tangoe is incredibly exciting," Kraege said in a news release. "The spirit of innovation at MOBI, combined with the power to invest and apply global resources to our solutions, will truly accelerate our market position and ultimately, allow us to provide the best possible solutions for our customers."

MOBI co-founder and president Josh Garrett will join Tangoe as president of MMS. Tangoe says current MOBI customers will continue to be supported by the same teams they have in the past.

  • Perspectives

    • Unmasking Accounting Data: Moving from Reporting to Being Strategic

      What story do our financial statements tell us this month and year, to date? This was the question that was always directed at us by a former manager.  He believed that financial statements tell the story of how a business is run and the direction it’s going. Most businesses publish their profit and loss statements, and balance sheets every month. These are the standard reports included in most reporting packages. Usually, the management tends to believe...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Apartment Building Development Coming to Rushville

      A Knightstown company has announced plans to build four new apartment buildings in a $5.25 million development in Rushville. Villa Buildings will be built by KDC Investments, Inc on West 16th Street in Rushville.

    • The Mystery of Cancer in Firefighters: Two Indiana Researchers Uncover Clues

      There’s a lot of conjecture about cancer in the world of firefighting, but a crescendo of anecdotal—and scientific—evidence is driving two Indiana researchers to search for answers. 

    • BraunAbility Moving Global HQ to Carmel

      A manufacturer of wheelchair vehicles and wheelchair lifts in Pulaski County has announced plans to relocate its global headquarters to Carmel. BraunAbility says it will invest $7.5 million to move its HQ to the Lakeside Green Business Center and construct a new Research & Development and Technology Center. The Indiana Economic Development Corp. says the move will create up to 70 jobs in Hamilton County. The company says the investment will also boost its existing...

    • New Standard Deduction: Do you still Itemize?

      After years of itemizing deductions, many taxpayers will be taking the new larger standard deduction on their 2018 tax return. This may be a welcome change for some.  But for others, it may be time to rethink the strategy for expenses that were deductible.  The Tax Cuts and Jobs Act (TCJA) that passed in December 2017 increased the standard deduction effective for tax years beginning in 2018.  By increasing the standard deduction, a taxpayer’s taxable income is...

    • Indy Eleven Rallies For State Stadium Support

      Indy Eleven leadership, players and fans Thursday rallied at the Statehouse for support of a measure creating a public-private partnership to help fund a $150 million soccer stadium. Lawmakers are considering a measure that would allow the team to work with city leaders for two years on development plans for the venue, which would be funded by developer-backed bonds. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, team owner Ersal Ozdemir said the...