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Microcap & Penny Stocks : Pareteum Corporation (TEUM)
TEUM 0.72+3.6%5:05 PM ESTNews

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From: Paul Lee12/5/2016 8:41:12 AM
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Pareteum Unveils Expanded Mobile Cloud Platform Enabling Global MVNO Connections






PR NewswireDecember 5, 2016









NEW YORK, Dec. 5, 2016 /PRNewswire/ -- Pareteum Corporation (NYSE MKT: TEUM)("Pareteum," or the "Company"), a leading provider of mobile networking software and services, today announced an expansion of its Mobile Cloud Platform product offering that allows Telecom Carrier Service Providers and MVNO's to connect directly through the cloud to the Pareteum platform for SIM connectivity, Voice, SMS Messaging and Roaming solutions.




Pareteum Corporation Logo.







Capitalizing on the growing demand for unique data-related and value-added communications services, the expanded Pareteum Mobile Cloud Platform uses advanced Internet Protocol (IP) connectivity to enable telecom operators and MVNO's located virtually anywhere in the world to connect to the platform. It provides retail telecommunication providers with a solution that incorporates billing, metering and management of a full suite of mobile voice, SMS and data services.

"This is an important step in the execution of our mobility cloud strategy, and the evolution of our platform to extend connectivity through Internet Protocol and the Cloud," said Hal Turner, Pareteum's Executive Chairman. "Pareteum's Mobility Platform, which powers MVNO's in Europe and Middle East, can now be accessed from anywhere that can connect to the Cloud. The implications of this enhanced offering are market changing and pervasive in the age of the connected customer. We can now bring our advanced communications platform and services to anybody or any device, anywhere in the world with a simple internet connection. With HPE forecasting 30 billion connected devices by 2020, it is our ability to help the Communication Service Providers manage those devices that is driving our strategy," Mr. Turner continued.

The global MVNO market is expected to reach $73.20 billion by 2020, according to Grand View Research1, with global MVNO subscribers expected to exceed 300 million by 2020, at a CAGR of 10.7% from 2014 to 2020. Pareteum is focused on delivering its enhanced, cost effective and highly differentiated mobility cloud platform, with its unique messaging and security capabilities, to serve the needs of the growing global Mobile, MVNO, Enterprise and IoT markets. Pareteum provides an MVNO full control of the entire IT system and network infrastructure through an easy to use Cloud-based interface, potentially saving them up to 90% in operating costs with significant time-to-market advantages.

"While we continue to expand our sales into our target large MVNE customers, such as Vodafone, the world's second largest mobile operator by customer, Zain, the 4th largest mobile operator in the world in terms of geographical presence, and Cleartech, the cloud allows our existing clients and prospects to become a natural hub for our IoT, MVNO and developer communities, who do not own a network of their own," said Vic Bozzo, CEO. "We are seeing a growing demand from these groups to access the networks of our existing MVNE infrastructure customers, which makes us a more strategic partner to our existing clients," Mr. Bozzo concluded.

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.
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