Activist hedge funds press Tangoe to sell itself: sources

Two activist hedge funds are pressing directors of Tangoe Inc.to sell the company, according to people familiar with the matter, citing a weakness in the IT company's business and falling stock price.Ancora Advisors and Engine Capital sent a letter to the company's board of directors last week urging the company to resist the temptation to remain independent, and to do everything possible to seek a buyer, sources said.Tangoe's stock is currently trading at $5.04 per share and its market value is