Edison Ventures exits Tangoe

Edison Ventures has exited Tangoe by selling the last of the shares it held, a company spokeswoman says. Edison initially invested in Tangoe, an Orange, Conn.-based provider of communications lifecycle management software, in 2002. Tangoe went public in 2011. Edison said the investment in Tangoe generated total cash proceeds to Edison of $80 million, or 10X investment cost.

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