Pareteum Corp (TEUM)

Overview

Pareteum Corporation serves as a global provider of cloud-based communication platform solutions. Its main offering is Communications Platform-as-a-Service (CPaaS), focusing on delivering essential services and applications that encompass mobility, messaging, connectivity, and security. The company’s innovative platform integrates IT and back-office functionalities with core network operations, enabling both mobile network operators and diverse enterprises to implement and manage mobile communication solutions efficiently. These solutions are accessible through Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), or Infrastructure-as-a-Service (IaaS) delivery models. Additionally, Pareteum supports its channel partners with a comprehensive operational support system designed for seamless integration and enhanced customer interaction.

Pareteum offers a diverse portfolio that aims to unify various fixed, mobile, and IP networks. This functionality facilitates converged communication services tailored for enterprise communications and core telecommunications sectors. The company also provides Wi-Fi access for mobile devices via its SaaS platform, catering to a wide range of markets, including the Internet of Things (IoT), smart city initiatives, application developers, and crucial participants in the mobile virtual network ecosystem, such as mobile virtual network operators (MVNOs), enablers, and aggregators. Established in 1962 and headquartered in New York, Pareteum Corporation was originally known as Elephant Talk Communications Corp. It officially rebranded as Pareteum in November 2016. Unfortunately, on May 15, 2022, the company filed for Chapter 11 bankruptcy, initiating a voluntary petition for reorganization with the U.S. Bankruptcy Court for the Southern District of New York.

Products and Services

• Communications Platform-as-a-Service (CPaaS): A robust platform that enables the integration and management of various communication services, focusing on mobility, messaging, and connectivity.
• Software-as-a-Service (SaaS): Provides businesses with the tools to access and utilize comprehensive communication solutions without heavy infrastructure investments, facilitating scalability and flexibility.
• Platform-as-a-Service (PaaS): Allows developers to build, deploy, and manage applications without the complexity of building and maintaining the underlying infrastructure, streamlining the development process.
• Infrastructure-as-a-Service (IaaS): Offers companies cloud-based infrastructure services, enabling them to outsource physical server needs while ensuring reliable performance and security.
• Operational Support System: A system designed to assist channel partners in enhancing operational efficiency, featuring APIs for seamless integration, advanced workflows for application orchestration, and customer support through branded portals.
• Wi-Fi Access Solutions: Facilitates connectivity for mobile devices, ensuring users have reliable internet access through Pareteum's SaaS platform.
• Converged Communication Solutions: Software solutions aimed at unifying fixed, mobile, and IP networks to streamline enterprise communications and enhance service delivery for telecommunications sectors.