Wednesday, January 16, 2013

Tango Health Grows Revenues, Gets $1M In New Funding

Ausitn-based Tango Health, the developer of software-as-a-service for managing Health Savings Accounts (HSAs), says today that it has grown its annual recurring revenues over 800 percent in the 2012 calendar year. The firm--which did not disclose any actual financial--also reported that it has raised $1M more in a follow on to its Series B funding. The firm said the new funds came from industry veterans and company management. Names of those investors were not disclosed. The firm's investor list includes S3 Ventures. Tango Health's software is used by employers to help automate and manage Health Savings Account (HSA) plans, an alternative for employees to traditional health insurance, which is being used by employers to help reduce and control health care spending. More information »