Pareteum Breaks into Platform as a Service Market

NEW YORK, Sept. 26, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM) today released availability of its self-service portal for communications service providers and developers to connect with and build programs for the internet of things.

Pareteum's SuperAPI and integrated portal make geographic boundaries disappear for global communications service providers, so they can connect internet of things devices and services across continents. The portal also gives developers connectivity in more than 75 countries, and a self-service SuperAPI so they can build unique internet of things solutions for their customers.

With Pareteum's portal, communications service providers can securely manage massive volumes of data, as well as charging and billing, with real-time access and monitoring for every connected device that drives their business; developers around the world can open a treasure trove of communications features and add them into their own applications without needing to build backend.

"Pareteum brings a seamless, simple solution to the platform services market. We expect this to be a $4 billion market within a couple of years," said Ali Davachi, Chief Operating Officer and Chief Technology Officer of Pareteum. "With the rise in number of internet of things connected devices and the subsequent explosion in total volume of data, businesses have a growing need for software that can manage and analyze information efficiently."

Pareteum's Executive Chairman and Principal Executive Officer Hal Turner commented, "Pareteum intends to be at the forefront of the platform services market. Our global connectivity network and mobile enablement solutions help us achieve our mission by providing a singular solution that helps our customers around the world scale their businesses and build stellar communications tools for the internet of things."

About Pareteum Corporation: 
Pareteum Corporation (NYSE American: TEUM) is a rapidly growing Global Software Defined Cloud company with a mission to connect "every person and everything." Organizations use Pareteum to energize their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our Cloud 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 leading Global Software Defined Cloud, delivering award-winning mobile enablement, regardless of the user's location or network. 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, Singapore, 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

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

Related Links

http://www.pareteum.com

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