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.”