About Pareteum

Pareteum Corporation operates as a cloud software communications platform company. By harnessing the value of its cloud communications platform, the company serves enterprises, communications service providers, early-stage innovators, developers, Internet-of-Things (IoT), and telecommunications infrastructure providers. Service providers, brand marketing companies, and enterprise and IoT providers use the company’s cloud communication services and solutions featuring relevant content, applications, and connectivity worldwide. It integrates various disparate communications methods and services and offers them to customers and application developers, allowing communications to become a value-added service. The majority of the company’s platform includes its internally-developed software and intellectual property, which provides its customers with flexibility in how they use its products and allows it to be market-driven. The company’s platform services partners (whose technologies are integrated into its cloud) include Hewlett Packard Enterprise, IBM, AT&T, Amazon Web Services, Sonus, Veniam, Oracle, Microsoft, NetNumber, Affirmed Networks and other world-class technology providers. The Pareteum cloud communications platform targets various sectors from IoT, mobile virtual network operators, enablers and aggregators (MVNO, MVNE and MVNA), smart cities, and application developer markets, each in need of mobile platforms, management and connectivity. These sectors need communications platform-as-a-service, which the company delivers. Strategy The key elements of the company's strategy include to continue to attract new subscribers across various verticals to all its platforms through direct sales, existing channel partnerships and new initiatives, such as referral programs; continue to on-board new communications services providers, multiplying its own growth, primarily through business development and direct sales in each of its six defined sales regions (North America, Latin America, Europe, Middle East, Africa, and the Asia Pacific); drive adoption through a twin approach; and create shared value, ranging from traditional consumer strategies to sophisticated B2B and B2B2C strategies, driving and expanding its ecosystem to new heights. The key elements of the company’s strategy include exploring cross and up-sale opportunities among its recent customer acquisitions – focused on offering new products and services that complement or supplement their existing or future needs so to accelerate their strategy; enhancing and expanding existing products and services; and focusing on entering new markets, such as South East Asia and Latin America. Sales and Marketing The company’s sales and marketing teams work together to identify and establish relationships with prospective customers, acquire new ones and expand relationships with existing customers by encouraging their consumption of additional services and products existing in its Pareteum Experience Cloud Platform. Customers The company’s customers are tier 1 communications service providers that provide telecommunications services to end-users, Fortune 1,000 companies, mobile virtual network enablers of various sizes, software developers, banks, financial and online payment services companies, global consulting companies, mobile marketing platforms, telecommunications applications, and others. Research and Development The company’s product development expenses were $10.3 for the year ended December 31, 2020. Intellectual Property The company relies on a combination of patents, copyright, trademark, and trade secret laws in the U.S., Europe and elsewhere. It has a patent portfolio of approximately 70 granted patents. The patent portfolio includes, but is not limited to, a set of developments embracing areas, such as advanced network characterization and migration, automated configuration for network appliances, method and system for changing security information in a computer network, method and system for verifying and updating the configuration of an access device during authentication, service quality monitoring process, system and method for enabling wireless social networking, and system and method for network curation, all expiring through 2034, and subject to renewals. History The company, a Delaware corporation, was founded in 1962. It was incorporated in 1962. The company was formerly known as Elephant Talk Communications Corp. and changed its name to Pareteum Corporation in 2016.