Pareteum and Artilium add Expanded Messaging Services to their Teaming Agreement
Pareteum Global Cloud Will Integrate Interactive Digital Media (IDM) Messaging Portfolio
IDM Acquired by Artilium on January 16, 2018
NEW YORK, NEW YORK, April 11, 2018 – Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced that it will integrate the Interactive Digital Media GmbH (“IDM”, a subsidiary of Artilium PLC) messaging platform, which will increase the reach of the Pareteum Global Cloud products.
Under terms of the agreement, IDM’s messaging platform will be integrated into Pareteum’s Global Mobility Cloud Platform and Pareteum customers will immediately begin to have access to more advanced messaging capabilities and connectivity in more countries. IDM’s messaging gateway coverage ensures access to more than 1000 GSM and CDMA networks in over 200 countries. In addition to the service reach, the IDM messaging platform allows the Pareteum Global Cloud to now provide Enterprises, Application Developers and Mobile Service providers with inbound, outbound and Bulk Messaging Services, enabling worldwide SMS transmission. Adding this functionality to Pareteum’s Global Cloud, accessed through APIs (Application Programming Interfaces), creates one of the largest messaging hubs in the world. Pareteum’s HLR-as-a-Service will also benefit from this additional connectivity.
“Helping our customers grow their businesses through the cost-effective deployment of new mobile services is allowing Pareteum to attract more customers around the globe. The demand for additional mobile messaging products and global access makes this exactly the right time to add established network and mobile technology partners like IDM. We have several customers who have been looking for us to provide advanced technology and reach. This unlocks immediate revenue opportunity for us by allowing our existing messaging customers to immediately expand further around the world and opens up new revenue streams for them and therefore us,” said Vic Bozzo, Chief Executive Officer of Pareteum.
“IDM helps enterprises to better serve their customers and digitize their business processes. In addition, mobile operators can fully monetize their subscribers and network assets. Our integration into Pareteum’s innovative and flexible services platform will allow IOT players, MNOs and MVNOs and Enterprises to quickly build and deliver these extended service offerings,” said Bart Weijermars, CEO of Artilium.
Hal Turner, Principal Executive Officer and Chairman commented, “Creating an ecosystem for global application and communications services that delivers value to communications services providers (CSP’s), and onward to their business and consumer customers, are mission critical aims of Pareteum. Accomplishing this with the highest levels of security is mandatory, in both identity management and mobile payment transactions, and, by further embedding intelligence, with digital data analytic capabilities into our solutions, increases how the value we generate for customers is derived. We are very pleased to work with our Strategic Alliance and Teaming Agreement partner, Artilium, to further enhance our award winning Cloud and Internet Telephony offerings with IDM’s messaging capabilities.”
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. 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.
Contractual Revenue Backlog Definition:
Contractual revenue backlog is measured on a forward looking 36 month snapshot view monthly, and, is generated by each of the Company’s Managed Services, Global Mobility Cloud, and Application Exchange & Developer’s Platform customers. The Pareteum multi-year Software-as-a-Service agreements include service establishment and implementation fees, guaranteed minimum monthly recurring fees, as well as contractually scheduled subscribers, in some cases including subscriber usage, during the term of the agreement, and, their resulting monthly recurring revenue. There can be no assurances that we reach the total revenue backlog. The revenue backlog assumes timing of revenue recognition that may vary from actual results.
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