Pareteum Appoints Ted O’Donnell as CFO
Pareteum Appoints Ted O’Donnell as CFO
Company’s Strategies for Accelerated Growth Enhanced by Key Executive who brings 25 years of Wall Street Capital Markets, M&A and Financial Expertise
NEW YORK, NEW YORK – PRNewswire – January 12, 2017 – Pareteum Corporation (NYSE MKT: TEUM) (“Pareteum” or the “Company”), a leading international provider of mobile networking software and services, today announced the appointment of Ted O’Donnell as Chief Financial Officer.
Mr. O’Donnell has over 25 years of experience in investment banking, private equity investment, venture capital, internet technology, Software as a Service (SaaS) and other new media businesses. Prior to joining Pareteum Corporation, Mr. O’Donnell served as CFO of Ameri100, a provider of SAP services to enterprises.
“On behalf of the entire Pareteum organization, I am delighted to welcome Ted O’Donnell to our team, an appointment that will significantly strengthen our executive team and help further establish Pareteum’s position as a market leader in the Global Mobile, MVNO, Enterprise and IoT markets,” said Hal Turner, Executive Chairman of Pareteum. Mr. O’Donnell’s career includes serving as COO of Radbourne Property Group, VP of Finance of Augme Technologies, CFO of AudioEye and Carlyle Capital Group. He also held the position of SVP of Finance and Investor Relations at ACTV, Inc., where he developed its investor relations department before its purchase by OpenTV, a voting-controlled subsidiary of Liberty Media.
“As an experienced Chief Financial Officer, Ted brings significant public markets expertise to Pareteum including M&A, capital raising and investor relations. These seasoned qualities along with his exceptional background in internet technology, new media and enterprise software solutions are all important attributes that will aid the Company as we enter our growth phase in 2017,” added Vic Bozzo, Chief Executive Officer of Pareteum.
“I am honored to be joining the Pareteum team at this exciting time of growth in the business,” stated Ted O’Donnell, Pareteum’s newly appointed Chief Financial Officer. “Hal, Vic and the team have created a solid platform at Pareteum, one that I look forward to being a part of as it continues to grow and create value for its shareholders,” he added.
About Pareteum Corporation:
Pareteum Corporation, and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise and IoT markets. Pareteum’s large MVNE customers, include Vodafone, the world’s second largest mobile operator by customer), Zain, the 4th largest mobile operator in the world in terms of geographical presence), Cleartech, Expeto and other Tier 1 and MVNO customers. For more information please visit: www.pareteum.com.
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.
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