Invest Cyprus welcomes TangoMe Inc. decision to relocate offices to Cyprus

Invest Cyprus has welcomed a decision by TangoMe, a leading US consumer services and applications software provider, to launch offices in Cyprus. The internationally renowned tech company, originally founded in Mountain View, California in 2009, has announced plans to establish a presence in Limassol, with a sizeable number of employees relocating to Cyprus.

TangoMe Inc., which raised funding of USD300m and has an estimated annual revenue of USD350m a year, will transfer highly skilled roles to Cyprus, including software developers, mobile engineers and data architects. More than 60 employees are currently working in Cyprus, while the company plans to employ over 100 people by the end of the current year.

George Campanellas, Chief Executive of Invest Cyprus, the investment promotion agency, said: “The decision by TangoMe to choose Limassol as its new office location is a resounding vote of confidence in Cyprus and proves our credibility as a “tech island”, a destination that allows tech companies to establish operations here, reach exciting new markets and grow in scale.”

Speaking about the decision, the chairman and founder of TangoMe Inc. Uri Raz said:

“Having this new location in Limassol is another step in our strategic expansion. Cyprus fits the bill as an attractive jurisdiction for ambitious tech companies like ours who want to establish an alternative base in Europe

“Our Cyprus site manager is one of the most senior Tango employees Alex Eshchenko, who joined the firm back in 2015. His mission is to make Cyprus branch one of the biggest offices of Tango”.

Mr Raz added: “We see our people as our most valuable asset and I am confident that with all the benefits that Cyprus has to offer we will enable our personnel, from our top developers to our support staff, to be inspired, create and add value to our company”

“The facilitation and aftercare service offered by Invest Cyprus has been really helpful because it was able to act as our partner on the ground throughout the whole setting up process, and we are grateful for their ongoing support to help us capture significant growth opportunities in Cyprus and further afield.”.

Cyprus’s geographical location, at the crossroads of Europe, Asia and Africa, alongside its highly skilled, multi-lingual workforce, robust legal framework and business friendly environment make it the ideal investment destination for tech and business, added Mr Campanellas.