Press Releases Archive - Page 22 of 29

Pareteum Customer Expands Recent Contract by Additional $1,000,000 for New Cloud-Based Product Feature

October 19, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced it has been awarded a $1,000,000 increase to a recent contract announced on September 21, 2017 from one of the world’s leading providers of contact center services for Fortune 500 enterprises. The 3-year contract, originally valued at over $4,000,000, has increased to $5,000,000, added to Pareteum’s backlog. The contract increase is a result of the customer signing on for a newly released cloud-based feature developed by Pareteum.

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

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.

Pareteum Highlights Speed of its Cloud Deployments as it Goes Live with Global Tourism Retailer Just One Month After Contract Execution

October 17, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has gone live with a new customer, an established mobile virtual network operator (MVNO) and retailer of IP telephony technology for the tourism market, with which it had entered a definitive agreement on September 12, 2017. Pareteum is now on-boarding users with this customer and has begun to book revenues from this contract, which has contributed a seven-figure dollar amount to the Company’s backlog over the next three years.

Pareteum Forms Strategic Alliance with Artilium to Create and Jointly Sell Global Market Disruptive Solutions

October 16, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, and Artilium plc (LSE/AIM: ARTA), a leading London-based Mobile Virtual Network Enabler (MVNE) and provider of innovative telecommunications software and solutions, announced today the formation of a strategic partnership to jointly pursue new and developed markets, creating accelerated growth and market penetration for both companies. The global collaboration includes development of new joint products and services, enhanced sales coverage for both companies, increased speed to market, and access to greater knowledge and resources, forming a significant competitive advantage in the market.

PARETEUM OCTOBER CHAIRMAN LETTER

October 12, 2017

During my career two of the most important indications of progress have been the ability to answer the following questions:· Is anyone buying from you and paying you for your services?· Are you attracting new investors and are your current investors continuing to support and invest more?

Pareteum Powers International Expansion for API Company with 3-Year Contract for Global Mobility Cloud Platform and Connectivity

October 11, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced it has been awarded a 3-year contract for its Global Mobility Cloud services including international network enablement and connectivity from a growing application programming interface (API) company to help them expand internationally.

Pareteum Corporation Announces Pricing of Public Offering of up to 1,495,000 shares of Common Stock

October 5, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has priced a best efforts registered public offering of up to an aggregate of 1,495,000 shares of the Company's common stock at a price to the public of $1.05 per share. The offering is expected to close on or about October 10, 2017, subject to the satisfaction of customary closing conditions.

Pareteum Announces $94 Million Revenue Backlog and Expects Q3 2017 Revenues to Exceed Analyst Expectations

September 27, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced it has executed agreements that are expected to result in a record $94,000,000 revenue backlog approximately, and consequentially, a 352% compounded annual growth rate (CAGR) in its revenue backlog since January 1, 2017. Bolstered by 3 new agreements totaling $29,000,000 in revenue backlog signed during past 9 days alone, Q3 revenue backlog increased 57% over Q2.

Pareteum Enters Eastern European Market with Mobile Virtual Network Enabler Agreement Adding $24,000,000 to Revenue Backlog

September 26, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has signed a 5-year agreement with a leading Eastern European telecommunications company with broad holdings in the telecommunications, broadcasting, real estate and industrial markets, to provide the Pareteum Managed Services Platform.

With $4,000,000 Multi-Year Contract, Pareteum Provides Mobility to the $9 Billion Global Contact Center Market

September 21, 2017

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced it has been awarded a contract for its Global Mobility Cloud services from one of the world’s leading providers of contact center services for Fortune 500 enterprises. Over the course of this 3-year contract, over $4,000,000 in revenues are expected to be generated by Pareteum.