Press Releases Archive - Page 19 of 29

Pareteum Expects Q4 2017 Revenue to Exceed Expectations

January 8, 2018

Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, today announced that the Company expects to report revenues that will exceed consensus analyst expectations of $3.75 million for the fourth quarter ended December 31, 2017.

A Pareteum Internet of Things (IoT) Applications Provider Customer Commences Revenue Production

January 5, 2018

Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, today announced it has activated service to one of its Application Provider IoT customers, which was previously announced as new customer on October 11, 2017.

Social Media Provider Enables Smartphone Services with Pareteum’s Global Cloud

January 4, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, today announced it has been awarded a three-year agreement to provide customer-branded services for a social media application service provider. This new award adds $1,000,000 million in incremental revenue to the 36 Month Contractual Revenue Backlog of $147,000,000, as of December 31, 2017.

Pareteum Ends 2017 with a Record $147 Million Contractual Revenue Backlog

January 3, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, today announced that it has executed agreements that represent a 36 Month Contractual Revenue Backlog (see the definition below) of a record $147,000,000, as of December 31, 2017. Bolstered by 28 newly signed customer agreements in 2017, totaling $117,000,000 in 36 Month Contractual Revenue Backlog, the fourth quarter of 2017 represents an increased 58% over the third quarter of 2017 contract agreement executions. The Compounded Annual Growth Rate (CAGR) of Pareteum’s 36 Month Contractual Revenue Backlog is 389% since January 1, 2017.

Pareteum Showcases Efficiency of Global Cloud with Expedited Deployment of India Based Customer

January 2, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, today announced services deployment to its first India based customer for their mobile subscribers. These services enable India home country usage, and seamless global service when traveling or living abroad. Pareteum’s expedited deployment of the $3,000,000 agreement, announced in October, begins revenue generation in the first quarter of 2018, well ahead of scheduled backlog implementation.

Pareteum Drives Innovation and Bolsters Strength of its Mobile Payment Solution by Appointing Ali Davachi as Chief Technology Officer and Chief Operating Officer

December 29, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, announced that it has appointed E-Commerce and Network Security executive Ali Davachi as Pareteum’s Chief Technology Officer and Chief Operating Officer.

Pareteum shares more than double on blockchain settlements offering

December 26, 2017

"Shares of Pareteum Corp. TEUM, -4.47% more than doubled Tuesday after the mobile cloud platform company said it would offer blockchain technology to its billing and settlement services..."

Pareteum Adds Blockchain Settlement for Cryptocurrency to Its Global Cloud Platform

December 26, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has completed development enabling it to add support of Blockchain technology to its billing and settlement services. This newest service capability enables Pareteum customers to participate in the transformational “Digital Economy Monetization to the Cloud” and now accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies.

Pareteum Wins Global Internet of Things (IoT) Contract for its Cloud Services

December 20, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has secured a three year contract with a European global provider of IoT security to network providers and Electronic Sims embedded directly in IoT devices.

Pareteum Eliminates Atalaya Senior Secured Debt

December 19, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, today announced that it has paid its lender $8.1 million, the remaining balance of its senior secured loan from Atalaya Capital Management and Corbin Capital (“Lenders”). Pareteum immediately improves cash flows and prospects for growth by removing security interests of the lenders and eliminating the loan, with its interest and amortization, prior to the current maturity date of December 31, 2018 .