Pareteum Granted Patent for Cloud Security Solution
Enables Strong Authentication Using Mobile Devices Connected to the Pareteum Global Cloud Platform
NEW YORK, NEW YORK, February 8, 2018 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”) the rapidly growing Cloud Communications Platform company, announced today that its European operating subsidiary has been granted a UK patent (GB2541449) for a solution enabling highly secure, strong-authentication, which provides secure access and additional identity validation on Pareteum’s Global Cloud Platform and other online services.
The technology uses pre-shared secret key authentication between mobile devices and secure cloud services, such as Pareteum’s Global Cloud Platform, and underscores Pareteum’s commitment to best in class security in all services.
Vic Bozzo, CEO of Pareteum commented, “We are pleased to have been awarded this patent, which is representative of our rapidly growing intellectual property portfolio. The mobile services and application market has to adopt a security first strategy as the world’s data access becomes exclusively serviced through wireless connections.”
Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, “Our product services roadmap strategy includes “insights,” predictive analytics, and blockchain enabled payment systems for which high levels of security and authentication are crucial. Identity management and trustful transactions are the focus of all our service developments. Pareteum continues to cultivate partner alliances that enable us to provide single source solutions for our global customers.”
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. Our platform services partners (technologies integrated into our Cloud) include: HPE, IBM, Sonus, 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.
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