Pareteum Adds IP/PBX Features into Global Cloud and Managed Service Offering

NEW YORK, Jan. 29, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, today announced it has completed development of capabilities to host VoIP/PBX solutions on its Global Cloud Platform (Voice over Internet Protocol, Private Branch Exchange).

The new commercial VoIP feature being offered to all Pareteum's Global Cloud customers is synergistic with the existing cloud services platform. These new features enable vertically integrated services that expand Pareteum's addressable market into the merged Mobile and VOIP/PBX services arena; this means your desktop, laptop and mobile device can perfectly mirror your virtual office IP/PBX, anytime and anywhere. Other examples of use include enterprises or call centers with multiple sites and multiple numbers managed by one cloud.  This scalable new telephony platform interconnects with popular communication protocols and provides features on demand without tedious development work.

According to a report by Zion Research, "The global demand for VoIP services market is expected to reach above USD 140 billion in 2021."  Research also suggests CAGR is expected to grow at a rate of 10% by 2021, and it's estimated that there are approximately 1 billion users of mobile VoIP today.

Vic Bozzo, CEO of Pareteum, stated, "These platform enhancements are a natural fit for our customers as IP/PBX subscribers merge together with mobile connections. The offering expands the services our customers can deliver. This continues the goal for our Global Cloud Services Platform to be a single solution for the needs of the market."

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, added, "Increasing the breadth of offerings through complete vertical integration and ongoing expansion of application solutions for our customers is a top priority. With this addition to our cloud, we welcome the opportunity to support more unique connections (subscribers, devices, and their usage); it is our experience that customers, especially enterprises and local businesses, want to deal with one trusted vendor for all their mobile and IT needs. The Pareteum services suite is optimized for that, as well as, secure Blockchain payment systems. We think this combination touches the heart of needs for businesses of all sizes. As we make it easier and easier for our customers to do business with us, and to get all their needs met from one trusted source, we expect our satisfied customer count to continue its rapid growth. The demand derived from adding these services expands our addressable market, and will drive revenue and connections growth through our sales successes."

About Pareteum Corporation 
The mission of Pareteum Corporation (NYSE American: TEUM) is to connect "every person and everything". Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. 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 
[email protected]

Hayden IR 
(917) 658-7878

SOURCE Pareteum Corporation

Related Links

http://www.pareteum.com