Pareteum Signs Two New UK-Based Customers Adding $1,000,000 in Revenue Backlog for TEUM Global Mobility Cloud Platform and Home Location Register-as-a-Service
NEW YORK, July 20, 2017 -- Pareteum Corporation (NYSE MKT: TEUM), ("Pareteum" or the "Company"), a leading communications technology provider to global Mobile, MVNO, Enterprise and IoT markets, today announced that it has been awarded two new cloud services contracts from UK-based Communications Service Providers (CSP's) for its on-demand hosted Home Location Register (HLR) services. This marks the second and third customers for its HLR-as-a-Service product, which was announced in May 2017. These new three-year contracts represent more than 50,000 new subscriber equivalents and an additional $1,000,000 to Pareteum's current revenue backlog.
These new customers will utilize the subscriber database management and billing capabilities of TEUM Global Mobility Cloud Platform to manage their end users' mobile devices. In addition to increasing sales through these new relationships, Pareteum benefits by extending its coverage area for TEUM Global Connection, our mobile connectivity solution, by leveraging the networks of these customers.
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Category: Media / Web
Published: 20 July 2017
Written by Editor