Pareteum Achieves Early Deployment of its Home Location Register (HLR)-as-a Service Offering – Goes Live With Initial Customer
• Marks Pareteum’s fastest product deployment to date
• Addresses $50 billion Application-2-Person (A2P) SMS market
• Pareteum’s patented “SIM-free HLR Migration” technology transforms multi-billion dollar HLR industry, moving it to the cloud & offering pay-as-you-go service
NEW YORK, NEW YORK, September 8, 2017 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”)”), the rapidly growing mobile Cloud Communications Platform company, today announced that it is now live with its newly launched on-demand hosted Home Location Register (HLR) services for its first HLR customer, a UK-based Communications Service Provider (CSP). The customer is using Pareteum’s Global Mobility Cloud Platform based HLR service to manage subscriber database and billing for its end users’ mobile devices.
The main database location of permanent subscriber information for a mobile network, the HLR contains pertinent user information such as address, account status, and preferences and is searched each time any mobile connection is attempted, usually through the carrier initiating the call or through one of a number of authorized database service providers who generate revenue on a per-lookup fee. An increasing percentage of mobile connections today are driven by application-2-person (A2P) SMS. These messages are sent as alerts and notifications from a wide range of industries from social media, to entertainment, to banking, to retail, and they depend upon HLR for accuracy and timeliness.
With the advent of mobile devices that allow users to switch service providers, especially when roaming, subscriber control and management can become difficult and expensive as millions of devices attempt to establish millions of network connections each day. The concurrent explosive growth in A2P from companies ranging from Uber to Facebook is driving demand and cloud-based API messaging platforms are the best way to serve this industry. Pareteum’s new HLR service delivers this solution, and because it is able to be accessed, on demand, at the needed speeds, without expensive capital expenditures, it opens up the panorama for new innovation and services creation by developers using our services and accessing them through our open Application Programming Interfaces (APIs).
“Pareteum’s patented SIM-free HLR Migration technology moves HLR and subscriber database management onto the cloud and delivers it as a Software-as-a-Service. The result is that our customers, including Mobile Network Operators, Mobile Virtual Network Operators, and CSPs can now cost-effectively, and more securely, manage growing numbers of mobile devices, including network metering and billing, without a large upfront investment in infrastructure hardware and with lower, pay-as-you-go transaction costs,” said Vic Bozzo, CEO. “We are pleased to have launched with this first customer and look forward to going live with two more UK-based HLR customers that we announced in July.
“We expect to on-board more customers for HLR and A2P services as they witness the superior value Pareteum delivers compared to other companies which have, to date, been very successful at growing their businesses serving this market,” Bozzo added.
“This marks our fastest product launch to date at Pareteum. We expect transaction-based revenue to commence with this customer during the fourth quarter. Our ability to offer HLR as a service is another example of how Pareteum is disrupting telecom business models by offering turnkey, cost effective and pay-as-you-go services that enable our customers to grow their revenues without the cap-ex that would have otherwise been required,” commented Hal Turner, Pareteum’s Executive Chairman.
According to Zion Market Research, the global A2P SMS market was $55 billion in 2014. It is expected to grow to $70 billion in 2020. IDC Research estimates that cloud-based API messaging in particular will catalyze the growth of the overall A2P market, growing to represent $8.6 billion of the A2P market in 2019.
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.
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