Pareteum Awarded $5.5 Million 3-Year Agreement in United Kingdom
E-Commerce Enablement Cloud Platform Provides New Payment Options
NEW YORK, NEW YORK – PRNewswire – July 31, 2018 – 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 an established e-commerce solution company based in the U.K. has awarded Pareteum a 3-year agreement for $5.5 million. Pareteum’s Global Software Defined Cloud (GSDC) Platform includes an e-commerce software enablement solution with the ability to incorporate multiple products, currency denominations, and, a multi-level commission structure for agents, sub-agents and retailers.
Pareteum’s GSDC introduces a new e-voucher system into the client’s billing platform to provide flexibility in payment options and, now, providing transactions processing for multiple currencies in a variety of countries. The multi-tiers of reporting and commission rating, made accessible through the software and Super APIs within the Pareteum platform, launch the provider into a new demographic segment and enhances services available to its current customers.
“This sale is a result of the hard work of our talented sales executives, and, the delivery of simplicity that only the Pareteum Global Software Defined Cloud offers. These new capabilities will facilitate the connection of thousands of subscribers every month on Pareteum’s Global Cloud Platform with interfaces and bundled connections from all over the world,” commented Vic Bozzo, Chief Executive Officer of Pareteum.
Hal Turner, Pareteum’s Executive Chairman and Principal Executive Officer, stated, “Pareteum is pleased to assist our client’s growth with our Global Enablement Cloud and software services. We share a common vision of connecting any device, any network, anywhere, and, we will arm all of those who stand with us, with the best software, applications, solutions and services in the industry. Pareteum will continue to deliver connectivity and solutions for all!”
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 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:
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