Clearlake, Vector make offer for Tangoe

Clearlake Capital and Vector Capital have made a bid to buy Tangoe Inc, a provider of expense management software. Clearlake and Vector have made a “non-binding, preliminary indication of interest” to buy Tangoe, and have offered to pay $7 for each outstanding Tangoe outstanding share, an SEC filing said. The purchase group would own 25 percent of Tangoe’s outstanding stock, the regulatory filing said.