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Microcap & Penny Stocks : Pareteum Corporation (TEUM)
TEUM 0.72+4.2%3:33 PM ESTNews

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From: Paul Lee11/3/2016 9:31:56 AM
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Pareteum Signs Strategic Partnership With Cleartech Brazil






PR NewswireNovember 3, 2016









NEW YORK, Nov. 3, 2016 /PRNewswire/ -- Pareteum Corporation (NYSE MKT: TEUM) ("ET" or the "Company"), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, today announced the signing of a strategic partnership agreement with leading Brazil-based Systems Integrator, Cleartech, for the live deployment of Pareteum's Mobile Virtual Network Enabler (MVNE) services to enterprise and mobile virtual network operators.




Pareteum Corporation Logo.







"We are thrilled to advance our partnership with Cleartech, to bring our global cloud based mobile telecom, security and messaging platform together with Cleartech's market leading systems integration offerings. This relationship will yield unsurpassed applications development and content offerings to a wide range of Brazilian (MVNO's) mobile virtual network operators and enterprises, said Hal Turner, Executive Chairman of Pareteum. "We are pleased to have worked with our partner, Hewlett Packard Enterprise (HPE), in the development of our Cleartech partnership, as Cleartech is owned by both EDS, (an HPE company) and a Brazilian consortium. Our partnership with Cleartech is a testament to the strength of our ongoing relationship with HPE. Cleartech, is a company at the forefront of technology pioneering and a leader in its field. The Pareteum platform provides Cleartech customers with key capabilities to save costs, significantly increase revenues and effectively scale across channels in the cloud. Our partnership reflects the continued realization of Pareteum's vision to become a leading global provider of cloud based mobility solutions,'' Mr. Turner continued.

The Pareteum-Cleartech strategic partnership brings MVNO opportunities to Cleartech's enterprise clients and partners, leveraging Pareteum's global cloud based mobile telecom, security and messaging platform. Cleartech, is joint-venture by EDS, and CPqD and leading Brazilian IT companies which comprise a clearinghouse of telecom entities that manage interconnections and services shared by telecom operators in Brazil. Cleartech's partners Telefonica, TIM, Amereica Movel, and Oi, among others, complement the expansion of the combined Pareteum-Cleartech offerings into new MVNO opportunities.

"We could not be more excited to join forces with Pareteum to bring their platform together with our leading systems integration and development capabilities. We envision broadening our offerings in helping to expand the market place to yield unsurpassed solutions and opportunities to a broad base of enterprises and MVNO providers," said Jorge Pacca, CEO of Cleartech.

Following the approval of an MVNO Regulation in 2010, Brazil was in its infancy stage in the MVNO landscape, but is now considered to be one of the largest potential MVNO markets in the world. Latest expert research projects the Brazilian MVNO market to have the potential to grow to over 50 million mobile clients over the next decade. Pareteum and Cleartech are working to leverage key customer and partner relationships to take advantage of this this growing opportunity.

About Pareteum Corporation:
Pareteum Corporation, and its subsidiaries (also referred to as "Pareteum", and "the Company") provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise and IoT markets. For more information please visit: www.pareteum.com.

About Cleartech
Cleartech is a joint-venture created in 1999 by the leading Brazilian IT companies, EDS and CPqD. It plays the role as a clearinghouse of telecom companies in Brazil and manages interconnections and services shared by telecom operators in Brazil. Cleartech is the Brazilian leader in Business Process Outsourcing (BPO) service models that involve Call Data Records (CDR) treatment and analysis. It is also one of the largest in the world in terms of volume and processing capacity in this field. Cleartech services are divided into suites that allow for Interconnection Management, Co-Billing Management, and Inter-Operator and Inter-System Conciliation Management for the same operator, as well as support for Revenue Guarantee actions.

Cleartech also works with consulting services for different IT and telecom fields, giving its clients more security in implementing new systems and critical mission business processes. In 2007, Cleartech was chosen by ABR- Associação Brasileira de Recursosem Telecomunicações (Brazilian Association for Telecommunications Resources) to operate the Portability Data Base in Brazil, a resource that allows every user of fixed or mobile telephones the right to keep their telephone number when they decide to change their service provider. For more information please visit: cleartech.com.br
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