NEW YORK, Feb. 21, 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)", today announced the appointment of
numerous members of the iPass management team in key roles across
Pareteum.
Pareteum's acquisition of iPass was driven by many compelling
reasons, chief among them, the expansion of Pareteum's services
delivery and conversion of our growing backlog. Additionally, by
joining Pareteum's new leadership teum, these new "TEUMATES" bring
skills and expertise in managing the significant product and
services synergies, that will drive greater value to Pareteum's
fast growing customer base, through newly bundled services and
cross selling of products. Pareteum is also very pleased with the
addition of its new market segment, the enterprise market, which is
now composed of more than 500 Fortune 5000 customers. These
customers will soon benefit from expansion beyond WiFi access
services and into a full suite of cloud platform connectivity and
software communications services.
Former iPass executives have joined and assume the following
Pareteum roles:
- Patricia Hume assumes global
corporate marketing functions, including corporate and
administrative organizational support, as chief marketing
officer.
- Christine Braelow joins as VP of
global sales for the enterprise sales segment. Braelow will drive
new customer acquisition across the entire Pareteum product
portfolio.
- Blaz Vavpetic joins as VP of
Product Management. Vavpetic will head product marketing with
overlay product revenue responsibility within all segments
partnering with the executives within the sales Teums.
- Raghu Konka joins as VP of
Engineering driving platform development and integration across the
company.
- Venkat Etikyala joins as VP of Global Network Operations and
Level I/II Support.
- Erin Norton joins in the role of
corporate staff support including financial and operations
reporting.
Gary Griffiths, the former CEO of
iPass, has joined the Pareteum Advisory Board. Pareteum's Advisory
Board was established in 2017 with executives having a depth of
industry experience and knowledge. The TEUM Advisory Board
leverages its decades of successes, providing perspectives on the
industry and insights to maximize Pareteum's strategic positioning
for new and accelerated growth.
Founder, Executive Chairman and Principal Executive Officer of
Pareteum, Hal Turner, commented:
"It's great to have this team on board as we enter the next phase
of our growth. They have a wealth of experience which will be
invaluable as we expand our focus and scale the company to achieve
its strategic objectives."
"Pareteum is one of the fastest growing companies in the
industry and a true innovator," added Hume. "I am very excited to
join along with my colleagues. We look forward to helping the
company reach its next level of growth, highlighting the value that
Pareteum's end-to-end global cloud communications platform can
bring to enterprises, communications service providers and
developers."
About Pareteum:
Millions of subscribers are connected around the world using
Pareteum's Global Cloud Platform for communications, improving
experiences in their lives and businesses. Pareteum's Global Cloud
Platform unleashes the power of applications and mobility services,
bringing secure, ubiquitous, scalable and seamlessly available
voice, video, messaging and data services for our customers, making
worldwide communications facilities easily accessible to everyone.
Serving enterprises, telecommunications infrastructure providers,
communications service providers, early stage innovators and
developers, Pareteum envisions our world, each day, imagining what
will be, and delivering now. For more information please visit:
www.pareteum.com.
Contractual Revenue Backlog Definition:
Contractual Revenue Backlog, or just Backlog, a Non-GAAP measure is
measured on a forward looking 36-month snapshot view monthly, and,
is generated by each of the Company's Managed Services, Global
Software Defined Cloud, and Application Exchange & Developer's
Platform customers. The Pareteum multi-year Software-as-a-Service
agreements include service establishment and implementation fees,
guaranteed minimum monthly recurring fees, as well as contractually
scheduled subscribers, in some cases including subscriber usage,
during the term of the agreement, and, their resulting monthly
contractual revenue. There can be no assurances that we reach the
total contract revenue backlog. Timing of revenue recognition may
vary from actual results.
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
+1 212 984 1096
InvestorRelations@pareteum.com
Stephen Hart
Hayden IR
+1 917 658 7878
Carrie Howes
Rayleigh Capital
European- Global IR
+1 416 837 0075
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SOURCE Pareteum Corporation