NEW YORK, Sept. 23, 2019 /PRNewswire/ -- Pareteum
Corporation (Nasdaq: TEUM), the rapidly growing cloud
communications platform company, today announced that it has been
selected by Coniq, one of Europe's
leading CRM and Loyalty providers for retail destinations, to
provide IoT management and connectivity for Coniq's portfolio of
in-store devices.
UK-headquartered Coniq, which is backed by Lepe Partners, will
harness the Pareteum Experience Cloud ᵀᴹ IoT enablement platform to
provide secure connectivity and management for smart loyalty
tracking devices, at points of sale, operated by Coniq clients
throughout Europe.
Coniq's loyalty tracking devices gather data on shopper
behavior, including visits, spending patterns and loyalty reward
redemption. Data is used by Coniq and its clients to devise more
effectively targeted engagement campaigns.
The new partnership will ensure Coniq is able to access valuable
data and insights securely, cost-effectively, and in real time,
wherever devices are located, thanks to the global reach and scale
of the Pareteum Experience Cloud IoT platform. Coniq will benefit
from unbroken visibility into the performance, status, and behavior
of each of its devices.
Pareteum Experience Cloud, a single source for the creation,
delivery and rapid scaling of a multitude of API-driven
communications experiences, delivers an unrivaled combination of
mobility, engagement, analytics, and intelligence services.
The Experience Cloud provides access to a range of
retail-centric applications including precise, in-venue consumer
engagement and unique, first-party location data insights.
Coniq's selection of the Experience Cloud's IoT platform is
underscored by Pareteum's recent inclusion in Gartner's influential
IoT Market Guide that recognizes the platform's unique strengths
and market position.
"Effective customer loyalty and engagement for our clients
depends on the actionable, high quality data generated by our smart
device network," said William Hodge,
head of delivery at Coniq. "It is essential to our business that we
are able to manage these devices intelligently and effectively and
ensure they deliver data in a secure, reliable, and timely fashion.
Pareteum Experience Cloud gives us this ability worldwide."
"The retail sector is embracing digital transformation and the
IoT with impressive results and I am delighted that Pareteum is
partnering with Coniq, one of the driving forces of this
innovation," said Vic Bozzo,
Co-Founder, and Chief Commercial Officer of Pareteum. "Our
Experience Cloud platform offers the flexibility and scalability to
power a hugely diverse range of IoT applications, and I look
forward to expanding our position in this dynamic retail
ecosystem."
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, India, Indonesia, Germany, Belgium, United
Kingdom, Russia, and
the Netherlands. For more
information please visit: www.pareteum.com.
About Coniq:
Coniq is Europe's leading CRM and Loyalty provider for
retail destinations. Coniq operates in 17 countries providing
mobile-enabled programmes for 1,600+ retail brands in 5,000+
locations; our programmes are used by over 15 million shoppers,
driving consumer spend of more than €1bn per annum.
Coniq is a dynamic, fast-growing Proptech business which already
provides loyalty and CRM services to many of Europe's leading developers, landlords,
retailers and mall owners. The company has also just launched
programmes in new territories such as the Middle East as part of a global expansion.
IQ - Coniq's customer engagement and data platform allows a
Shopping Centre, Business District or Retailer to launch a loyalty
programme which gathers data they have never seen before – for the
first time they can match spend in store to an actual consumer.
$7 trillion is spent worldwide in
shopping centres, we identify who is spending it, where, when and
why.
Coniq is proud to be working with many of the world's most
respected destinations and retail brands; our clients include The
Bicester Village Shopping Collection, VIA Outlets, ICON Outlet at
the O2, Designer Outlets Wolfsburg, Compagnie de Phalsbourg, Zsar
Outlets and LIWA, as well as household names such as Starbucks.
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:
Carrie Howes
Investor Relations
+1 650 232 4238
carrie.howes@pareteum.com
Investor.relations@pareteum.com
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SOURCE Pareteum Corporation