Pareteum Awarded New $3.5 Million 3-Year Contract

Pareteum (NYSEA:TEUM), a company engaged in cloud software announced that its existing customer, a Brazilian based Mobile service provider has chosen Pareteum’s global cloud solution platform to empower their expanding global offering.

As quoted in the press release:

Pareteum’s Global Cloud Solutions Platform provides our client an integrated software application view for safely and securely managing their global traveler customers. The Brazilian-based company will now use Pareteum’s GCSP to provide mobile airtime connectivity, specifically designed for their customers’ use when traveling to the United States. Pareteum’s Insights Engine will provide metrics and data as customer preferences are identified, designing new product offerings, based off that information. End-customers will recognize higher-value local connectivity options provided at lower costs, as opposed to standard international roaming fees.

Vic Bozzo, CEO of Pareteum, stated, “Pareteum’s customers continue to re-invent their business model based on the profitability from our Platform Solution. Recognizing customer needs and rising to the challenge of meeting those needs is a role Pareteum heartily embraces.”

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, commented, “Buying more services from us is the very best testament to customer service received and value derived. As our customers succeed it is a true sign that we together have chosen well. Pareteum is creating, designing, and building software solutions in our enablement cloud to meet the current and ever-growing demands of the marketplace. It is during this process that we are helping our customers write their success stories with relentless forward motion.”

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