Pareteum Announces $8 Million in New Agreements

Pareteum Corporation (NYSEA:TEUM) at the MVNO North America Conference announced agreements with four new customers valued at US$8 million.

Pareteum, a global cloud software company revealed four use cases for Internet of Things, broadband, smart metering and pet tech.

As quoted in the press release:

Pareteum’s new use cases include the following:

Global Software Defined Cloud Platform and SuperAPI white label for monogoto, a platform as a service company providing an interface to onboard devices, build out internet of things solutions, and program APIs to scale with existing apps and services.
Global Software Defined Cloud Platform solutions via real-time connectivity, monitoring, and billing for Nextelle, a mobile virtual network operator offering broadband home services and pre-paid wireless.
Global Software Defined Cloud Platform and SuperAPI solution to capture water analysis data wirelessly and in real time for an international water technologies company handling smart metering.
Global Software Defined Cloud Platform and SuperAPI solution for the pet tech industry, enabling a pet device monitoring company to connect its internet of things devices wirelessly, and securely manage massive volumes of data with real-time access for monitoring and billing solutions.
“Pareteum is excited to be at MVNO North America, where we look forward to meeting new customers like monogoto and Nextelle. Our customers are the reason Pareteum’s momentum continues to grow,” said Rob Mumby, chief revenue officer of Pareteum. “With these new use cases, we are not only building a pipeline for our growing business, but also showing potential customers the broad reach of our platform as a service, including smart metering and pet tech.”

Pareteum Executive Chairman and Principal Executive Officer Hal Turner commented,

“I have said it before: We celebrate every new customer that chooses Pareteum’s solutions to grow their business. With these new agreements, we are adding cloud platform and mobility options for companies that are changing the world through technology.”

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