Press Releases
Press Releases
Pareteum Accepts Shares of iPass Tendered in Exchange Offer and Completes Aquisition of iPass
Feb. 13, 2019 – Pareteum Corporation (Nasdaq: TEUM), a rapidly growing global cloud software communications platform company with a mission to connect “every person and “every(thing)”, announced today that it has accepted for exchange all shares of iPass Inc. (Nasdaq: IPAS), a provider of global mobile connectivity, and location and performance data (“iPass”), validly tendered in the previously announced tender offer by a wholly-owned subsidiary of Pareteum to acquire all of the outstanding shares of iPass for the agreed consideration of 1.17 shares of Pareteum stock for each share of iPass.
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Pareteum Extends Tender Offer For All Outstanding Shares Of iPass
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, a cloud software platform company, announced today that it has extended the offering period of its previously announced tender offer to purchase all outstanding shares of iPass Inc. (Nasdaq: IPAS), a provider of global mobile connectivity, and location and performance data, due to unexpected government closure causing delays with Pareteum’s registration statement and completing closing conditions required by the definitive merger agreement.
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Pareteum Extends Tender Offer for All Outstanding Shares of iPass
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, announced today that it has extended the offering period of its previously announced tender offer to purchase all outstanding shares of iPass Inc. (Nasdaq: IPAS), a provider of global mobile connectivity, and location and performance data, due to unexpected government closure causing delays with our registration statement and completing closing conditions required by our definitive agreement.
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Pareteum Adds $24 Million in Agreements
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced that it has added five additional three-year agreements in December 2018 totaling $24 million in 36-month contractual revenue backlog.
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Pareteum Announces December Customer Deployments
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced its December 2018 services initiation for four previously-awarded contracts that represent $21.5 million of the existing $500 million in its 36-month contractual revenue backlog, and therefore contributing to the company’s revenue recognition.
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Pareteum Awarded $76 Million in Additional Three-Year Agreements
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced that it has added 11 additional three-year agreements in November 2018 totaling $76 million in 36-month contractual revenue backlog.
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Pareteum’s November Customer Deployments Accelerate
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced that it has initiated services in November 2018 for eight previously-awarded contracts that represent $38.7 million of the existing $500 million in its 36-month contractual revenue backlog, and therefore contributing to the company’s revenue recognition.
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Pareteum Appoints Robert L. Lippert to Board of Directors
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced that Robert L. Lippert, a financial economist with a 20-plus year track record consulting corporations and academia in finance and strategy, has been appointed to its board of directors. Dr. Lippert will serve as an independent director and will chair the audit committee of the board of directors.
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Pareteum to Participate in Craig-Hallum Alpha Select Conference in New York
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, today announced it will participate in the 9th Annual Craig-Hallum Alpha Select Conference on November 15, 2018 at the Sheraton New York Times Square Hotel in New York.
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Pareteum Enters into Definitive Agreement to Acquire iPass
Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, and iPass, Inc. (Nasdaq: IPAS), a provider of global mobile connectivity, and location and performance data, today announced that they have entered into a definitive agreement under which Pareteum will acquire iPass in an all-stock transaction whereby iPass shareholders will receive 1.17 shares of Pareteum common stock in an exchange offer.
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