Pareteum Sales Momentum brings $49 million in Revenue Backlog

Pareteum (NASDAQ:TEUM) announced on Friday that it has closed 12 agreements in January with its new and existing customers.

As quoted in its press release:

These twelve new customer agreements signed in January 2019 include the following applications, solutions, and use cases:

• Integrated solutions for US based company offering enterprise and consumer mobile services
• Connectivity and mobile services for US based communications company upselling existing virtual Private Branch Exchange (PBX) customers a solution for mobile in Business to Business (B2B) sector
• Integrated Solutions for US based communications provider adding Mobile Virtual Network Operator (MVNO) services to their existing consumer and enterprise subscribers
• Integrated Solutions for a US based Mobile Virtual Network Operator (MVNO) using our Application Programming Interfaces (APIs) to expand their connectivity and mobile feature set
• US based Enterprise service provider adding Mobile Virtual Network Operator (MVNO) services to their existing customers

“Pareteum is experiencing great success with developers and enterprises for our cloud software solutions,” said Rob Mumby Chief Revenue Officer. “With the addition of these new agreements, we’re confident we will continue accelerating our growth as the market’s first choice for cloud software communications solutions, expanding our ever growing reach, empowering businesses worldwide.”

Pareteum Executive Chairman and Principal Executive Officer Hal Turner commented, “We love our customers, whether they are simply buying more from us or are new customer relationships deriving value from the significant savings and new revenues we help them generate. These new January agreements reinforce how easy it is to do business with TEUM and is yet another step in our mission to connect every person and “every(thing)” through open mobility and applications everywhere.”

Click here for the full text release.