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October 18, 2017

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Pareteum Promotes Rob Mumby to Chief Revenue Officer Following Huge Spike in New Contracts and Revenue Backlog Numbers


Pareteum Promotes Rob Mumby to Chief Revenue Officer Following Huge Spike in New Contracts and Revenue Backlog Numbers

NEW YORK, NEW YORK, October 18, 2017 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has promoted Rob Mumby to the newly created position of Chief Revenue Officer in charge of leading sales growth for the Company. Mr. Mumby joined Pareteum in April 2017 as Senior Vice President of Worldwide Sales.

Mr. Mumby came to Pareteum from Twilio where he was Director of Global Connectivity. At Twilio, he improved the company’s underlying cost structure and created an opportunity for exponential sales growth. Prior, Mr. Mumby held senior sales positions in the global mobile and VOIP industry with industry leaders including TELUS, Qwest Communications and ITXC Corporation where he had a track record of strong incremental and strategic sales growth and leading teams to optimal performance.

“We have created this position for Rob, in many ways as a reflection of his deep understanding of all things Internet of Things (IoT) and the burgeoning API connectivity opportunities, worldwide. Rob embodies our mission and is well prepared from his prior company experiences to help fulfill our vision. Since Rob joined our team, Pareteum has reached record levels of signing and on-boarding new customers, and due substantially to his efforts, our backlog has grown at a CAGR of 352% to $94 million. His ability to execute is appreciated by our executive team, our board of directors and, I’m sure, our shareholders,” stated Pareteum’s Executive Chairman Hal Turner. “By promoting Rob to Chief Revenue Officer, we are further empowering him to accelerate our sales growth and lead our sales team.”

Pareteum CEO Vic Bozzo added, “Rob’s relationships and knowledge in the global cloud telecommunications industry have clearly been an asset to Pareteum, as evidenced through our numbers. As we continue to build out our sales organization, our revenue per employee number, a key metric of our performance, continues to grow, and has reached $216,000 in the second quarter. Rob has been instrumental in astutely assessing market needs, guiding new product and service introductions, and selling into new markets.”

“We have achieved a lot in a short span of time at Pareteum because of the incredibly dynamic and productive executive and sales team here. I’m excited to step into my new role and am confident that Pareteum will continue to deliver significant revenue growth, driven by our innovative cloud based communications solutions which are changing telecom as we know it,” added Mr. Mumby.

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. 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:

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 Contact:
Ted O’Donnell
Chief Financial Officer
(212) 984-1096