Irving, Texas - Tango, a provider of store lifecycle management solutions and services, has received an investment of $30 million from Frontier Capital, a growth equity firm. The investment in the company’s software-as-a-service, consulting and managed services businesses will support Tango’s growth and demand for their store lifecycle management solution in the North American retail market.
Tango provides retail and restaurant companies with software solutions and consulting services to help them plan, develop and manage their real estate and store development activities. The company’s cloud-based software-as-a-service (SaaS) solution, Intelligent Store Lifecycle Management, combines customer and location predictive analytics with purpose-built GIS and store development execution to help companies see and analyze all the available opportunities, pick the right sites and open them faster.
“We’re very pleased to partner with Frontier Capital to help accelerate our next stage of development,” said Pranav Tyagi, Tango’s co-founder and CEO. “When we started the company seven years ago, we had a singular vision: to develop leading solutions and services that transform the way retailers manage their real estate and store development processes. During those years we’ve provided innovative solutions and services to more than 120 retail brands and this investment from Frontier not only supports our vision for the market, but enables us to expand on it and ensure we continue to anticipate and address the evolving requirements of our retail customers.”
Frontier Capital is a growth equity firm focused on partnering with high-growth software and services companies.