Tangoe Inc. (TNGO) announced Wednesday morning that it has signed a Software Development Cooperation Agreement with SAP AG. The Companies will work cooperatively to integrate Tangoe's Mobile TEM software suite with the SAP Mobile Secure portfolio including SAP Afaria 7.0.
Tangoe gapped up Wednesday and rose sharply during the first half hour of trade, before settling into a range. The stock finished with a gain of 0.98 at $14.41, with volume at over an 8-month high. Tangoe rose to a 3-month high and re-crossed its 200-day moving average.
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