Tango to Spin Off Its Software and Analytics Business
December 19, 2012
New Company, Tango Analytics, LLC., Represents the Largest Provider of Customer and Location Analytics and Geospatial Software in the Industry
Irving, TX – Tango, announced that its Board of Directors today approved the spin-off of its analytics and software business into a separate company, Tango Analytics, LLC. With the spin-off, TMC will continue as the leader in management consulting services for Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM) solutions for retail and corporate real estate.
Tango Analytics delivers Retail Market Optimization, Sales Forecast Modeling, Cannibalization Analysis, Customer Analytics, and Field Data Collection with fully integrated Mobile Geospatial capabilities via a leading-edge cloud-based software platform combined with innovative research and model development by an eminent research team that includes 4 PhDs. With the spin-off, Tango Analytics becomes the industry’s largest provider with a marquee customers-base across multiple industries including Retail, Healthcare, Telecommunications, and Transportation. In the past 18 months, over 35 brands have deployed the Tango Analytics solution, supporting customer and location analytics for over 30,000 locations worldwide.
“We are pleased to announce the spin-off of Tango Analytics. This allows us to focus on providing superior solutions and innovative analytical services to our rapidly growing customer base, as well as make significant investments in the next generation of cloud-based and mobile solutions. We are proud to be at the forefront of developing the next generation of Customer and Location Analytics software,” says Pranav Tyagi, President and CEO of Tango Analytics.
“The spin-off of Tango Analytics represents the logical progression for that line of business and allows us to further capitalize on the incredible success we have been achieving in the marketplace,” says Jack Thompson, President and CEO of Tango Management Consulting. “Our core Tango Management Consulting business has maintained over 100% year-over-year growth and continues to be the unbiased ‘Trusted Advisor’ for our clients.” Mr. Thompson further stated, “In addition, we are pleased to announce the promotion of Brad Biagini from SVP to Chief Operating Officer of Tango Management Consulting. Brad’s leadership and client relationships have been instrumental to the success of our practice to date.”