With $4,000,000 Multi-Year Contract, Pareteum Provides Mobility to the $9 Billion Global Contact Center Market
• Provides mobile connectivity for Fortune 500 businesses’ API-driven online sales and marketing programs
NEW YORK, NEW YORK, September 21, 2017 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced it has been awarded a contract for its Global Mobility Cloud services from one of the world’s leading providers of contact center services for Fortune 500 enterprises. Over the course of this 3-year contract, over $4,000,000 in revenues are expected to be generated by Pareteum.
Pareteum’s Global Mobility Cloud Platform enables this Application Programming Interface (API)-driven contact center provider to seamlessly provide mobile connectivity to its Fortune 500 clients for online sales and marketing programs. This contract marks the fifth new customer Pareteum has signed for API connectivity since this new service was announced, and also represents the addition of call completion and messaging to the platform.
Transactional revenues will be received by Pareteum each time an application (app) developed on the customer’s platform uses mobile connectivity to exchange content, complete communications, or monetize a transaction.
Hal Turner, Pareteum’s Executive Chairman commented, “Contact centers, formerly referred to as call centers, are today increasingly providing customer service, sales and marketing by utilizing a wide range of technology and cloud-based services. In an increasingly customer-centric world, apps are being developed and deployed to serve Fortune 500 customers via contact centers. Having recently signed several contracts to provide global cloud connectivity for the API-economy, this contract marks our first customer in the global contact center market, which is projected to grow to $9.7 billion by 2019.”
“We are very pleased to sign one of the leading contact center service providers in the world. This customer processes over 80 million messages monthly. These messages represent connections from thousands of enterprise contact centers that need to be mobile enabled. Pareteum’s Global Mobility Cloud Platform is the perfect solution to provide seamless connectivity on any network, anywhere, anytime”, stated Vic Bozzo, Pareteum’s CEO.
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.
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