NEW YORK, July 16, 2018 /PRNewswire/ -- Pareteum
Corporation (NYSE American: TEUM), ("Pareteum" or the
"Company"), the rapidly growing Global Cloud Software company,
delivering award winning mobile enablement solutions, announced
today that it has signed a $4 million
3-year agreement with a major Tier 1 Service Provider operating in
the Asia-Pacific region.
Our new customer serves approximately 30% of Asia's internet traffic, and, will now use
Pareteum's Global Cloud Software Solutions through a self-service
onboarding and subscriber life cycle management portal. The new
TEUM portal provides a fully integrated, single view, subscriber
and administrative applications access, facilitating management of
multiple services used by our customer in supporting their
customers and growing their revenue streams. The cloud delivered
software platform tracks authorized users, customer credit limits,
and, applies, in real-time, those policies to individual
services and subscribers.
Vic Bozzo, CEO of Pareteum
commented, "Emerging markets need simplified solutions to increase
speed to launch and revenue growth. Pareteum's goal to provide a
single solution that manages everything a provider needs to support
its subscribers is being recognized as more companies choose the
Pareteum solution to stimulate growth."
Hal Turner, Executive Chairman
and Principal Executive Officer of Pareteum stated, "Pareteum's
innovative approach to our software API's and services define great
customer services and value provided. Exemplary customer services,
and, Pareteum's relentless growth, through the success of our
customers, consumes us daily. Now, with Artilium and IDM to soon
join us, we are on fire!"
About Pareteum:
The mission of Pareteum Corporation (NYSE American: TEUM) is to
connect "every person and everything." Organizations use Pareteum's
award winning mobile enablement solutions to energize their growth
and profitability through Global Cloud Software and complete
turnkey solutions featuring relevant content, applications, and
connectivity worldwide. Our platform services partners
(technologies integrated into our cloud) include: HPE, IBM, Ribbon
Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and
other world class technology providers). All of the relevant
customer acquired value is derived from Pareteum's award winning
software, developed and enhanced for many years. By harnessing the
value of communications, Pareteum serves retail, enterprise and IoT
customers. Pareteum currently has offices in New York, Sao
Paulo, Madrid, Barcelona, Bahrain and the
Netherlands. For more information please visit:
www.pareteum.com.
Forward Looking Statements:
Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements may include, without
limitation, statements with respect to Pareteum's plans and
objectives, projections, expectations and intentions. These
forward-looking statements are based on current expectations,
estimates and projections about Pareteum's industry, management's
beliefs and certain assumptions made by management. Readers are
cautioned that any such forward-looking statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict.
Because such statements involve risks and uncertainties, the actual
results and performance of Pareteum may differ materially from the
results expressed or implied by such forward-looking statements.
Given these uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements. Unless otherwise
required by law, Pareteum also disclaims any obligation to update
its view of any such risks or uncertainties or to announce publicly
the result of any revisions to the forward-looking statements made
here. Additional information concerning certain risks and
uncertainties that could cause actual results to differ materially
from those projected or suggested in Pareteum's filings with the
Securities and Exchange Commission, copies of which are available
from the SEC or may be obtained upon request from Pareteum
Corporation.
Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com
Stephen Hart
Hayden IR
917-658-7878
Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN:
+1 416 900 3634
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SOURCE Pareteum Corporation