• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Technology » Pareteum Launches Live Service with Rapidly Expanding Internet of Things Customer

Pareteum Launches Live Service with Rapidly Expanding Internet of Things Customer

Anthony Ramsumiran by Anthony Ramsumiran
April 26, 2019
in Technology
3 min read
31
0
Publicwire Weekly Stock Investor Newsletter – Special Weekend Issue – Feb 24, 2017

– Marks the latest contract in Pareteum’s $100,000,000 backlog to begin converting into earned revenues

– Pareteum receives recurring monthly fees for each subscriber on its platform, and transactional revenue each time an app developed on the API platform is monetized

NEW YORK, NY / ACCESSWIRE / October 25, 2017 /TEUM,  –  Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, today announced that it has begun live service with its Global Mobility Cloud for a new customer, a west coast-based enterprise application programming interface (API)-based CPaaS (Communications Platform as a Service) provider to power mobility, voice, messaging, infrastructure and Internet of Things (IoT). The 3-year contract for services was announced on September 6, 2017.

Pareteum’s Global Mobility Cloud Platform is enabling this new customer to seamlessly provide mobile connectivity to its unified communication service and developer API which serves a wide range of sectors including banking, social media, call centers, consumer facing applications and APP store products. Pareteum is receiving recurring monthly fees for each subscriber on its platform, as well as transactional revenue each time an application (app) developed on the customer’s API platform exchanges content using mobile connectivity to complete communication or monetize any transaction.

“We are pleased to be able to rapidly deploy and begin service to these APIs through our Global Mobility Cloud to help our customer deliver bundled connectivity and mobility to their enterprise developer community,” stated Vic Bozzo Pareteum’s CEO. “We are delighted to be on a pathway to recognizing revenue so quickly.”

“The successful development, use, and management of APIs is central to IoT developers seeking to unlock monetization of enterprise applications. Our Global Mobility Cloud is a unified platform that provides connectivity at the speed these type of suppliers need. The growth of the global telecom API market from $66 billion in 2016 to an estimated $219 billion by 2022, will largely be driven by an estimated 37 billion IoT devices in the world by 2020. Pareteum is powering this move to connect all things,” said Hal Turner, Executive Chairman of Pareteum.

Image: https://www.accesswire.com/uploads/Pareteum1resize1.png

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: www.pareteum.com.

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.

Tags: APIApplication Programming Interfaceinternet of thingsIoTmobile Cloud CommunicationsPareteum CorporationTEUM
Anthony Ramsumiran

Anthony Ramsumiran

Anthony has a very strong background in Economics. He was born and raised in London and is now based in Orlando, Florida. With over 17 years of experience in automotive and technology.

Related Posts

Trump Retweets Richard Grenell’s Call to Ban Microsoft from Federal Contracts
Technology

Trump Retweets Richard Grenell’s Call to Ban Microsoft from Federal Contracts

June 12, 2020
155
Tiktok named its new CEO Kevin Mayer
Social Media

TikTok Named Kevin Mayer as its new CEO to Lead its U.S. Operations

May 19, 2020
153
Virgin Galactic
Technology

Richard Branson to Sell More Than a Fifth of Virgin Galactic Shares

May 12, 2020
117
Uber removes 3,700 employees or 14% of its global workforce
Technology

Uber Slashed 14% of its Global Workforce to Compensate COVID-19 Pandemic Losses

May 6, 2020
140
Airbnb Job Cuts COVID-19 Pandemic
Technology

Airbnb Cuts 1,900 Jobs to Compensate Losses

June 18, 2020
123
Sheryl Sandberg said that learning from their mistakes in the past prepared Facebook for crisis like COVID-19.
Technology

Facebook COO says they are ready for crisis because they learned from their mistakes

April 1, 2020
122
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.