NEW YORK, May 15, 2019 /PRNewswire/
-- Pareteum Corporation (Nasdaq: TEUM), a rapidly
growing global cloud software communications platform company with
a mission to connect every person and
every(thing)TM, today announced that it closed more
than 20 new sales transactions in April
2019, with a combined contract value of $70 million.
New contract wins achieved in the
month include:
Communications Service Providers
- A leading multinational Mobile Virtual Network Operator in
the EMEA region selected Pareteum's cloud platform
and network to power consumer and enterprise mobility
services
- A Hong Kong Mobile Virtual Network
Operator is using Pareteum's cloud and network
solutions to deliver global, single-number mobile solutions for
frequent travelers
- A UK innovative global voice-calling
solution is leveraging Pareteum's SuperAPI and
network to power its services
- A US Mobile Virtual Network Operator and device
manufacturer selected Pareteum's cloud solution to
deliver consumer mobility services focused on simplicity and
value
Enterprise and Brand
- A leading consumer-engagement and rewards
services provider operating across North and South
America is deploying Pareteum's network and
cloud services to deliver connectivity offerings for end
users
- A pan-European pharmaceutical
manufacturer is using Pareteum's enterprise
communications solutions to improve employee connectivity and
productivity
- A world
leading airline is using Pareteum's enterprise
solutions to facilitate global connectivity and
communications
IoT and Developer
- A Japanese communications and IoT
services provider selected Pareteum's IoT cloud
platform and network for connectivity and device
management
"We continue to drive growth through our sales efforts
as our addressable markets expand and our cloud-based SaaS
products and solutions are able
to deliver new requirements in an increasingly
connected world," said Hal Turner, Executive Chairman and
Principal Executive Officer of Pareteum.
"At Pareteum, we believe we are 'all in
sales' and we are pleased
with another strong monthly performance."
"Each new customer represents an opportunity to build a unique
and strategic relationship and facilitates cross-sell and up-sell
of our expanding suite of global cloud software capabilities,"
added Rob Mumby, Chief Revenue
Officer of Pareteum.
About Pareteum Corporation:
Millions
of people and devices are connected around the world
using Pareteum's Global Cloud Communications Platform,
enhancing their mobile experience. Pareteum unleashes the
power of applications and mobile services, bringing secure,
ubiquitous, scalable, and seamlessly available voice, video,
SMS/text messaging, and data, media and content enablement to our
customers, making worldwide communications services easily and
economically accessible to everyone. By harnessing the value of our
cloud communications platform, Pareteum serves
enterprises, communications service providers, early stage
innovators, developers, IoT, and telecommunications infrastructure
providers. Pareteum envisions a new mobile communications
experience imagining what will be, and delivering
now. Pareteum currently has offices in North America, South
America, Spain,
Bahrain, Singapore, Indonesia, Germany, Belgium, United
Kingdom, Russia, 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.
Media
Inquiries
Press@pareteum.com
Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
+1 646 810 2182
InvestorRelations@pareteum.com
Michael Bloom
Investor Relations
michael.bloom@pareteum.com
Allise Furlani
The Blueshirt Group
Blueshirt.group@pareteum.com
Carrie Howes
Rayleigh Capital
European- Global IR
+1 416 837 0075
carrie@rayleighcapital.com
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SOURCE Pareteum Corporation