Pareteum Awarded $4 Million Contract by Tier 1 Asia-Pacific Network Operator
Global Cloud Platform's Recently Launched Self Service Portal to Support Mobile Messaging Services
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
[email protected]
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
SOURCE Pareteum Corporation
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