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Pareteum Corporation (TEUM)
0.0001  0 (0%)  10-21 11:09
Open: 0.0002
High: 0.0001
Low: 0.0001
Volume: 799
Market Cap: 0(M)
PE Ratio: 0
Exchange: Other OTC
Industry: Software - Application
Sector: Technology
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52w High: 0.14
52w Low: 0.0001
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Pareteum Corporation functions as a global provider of cloud-based communication platform solutions, with its primary offering being Communications Platform-as-a-Service (CPaaS). At its foundation, their platform delivers critical services and applications encompassing mobility, messaging, connectivity, and security. This comprehensive platform integrates IT, back-office functionalities, and core network operations. It enables both mobile network operators and various enterprises to implement and manage mobile communication solutions, which are accessible through Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), or Infrastructure-as-a-Service (IaaS) delivery models. Furthermore, Pareteum equips its channel partners with an operational support system. This system includes Application Programming Interfaces (APIs) for integration with external systems, advanced workflows for orchestrating intricate applications, and customer support provided via branded portals and various application plug-ins. The company's portfolio also extends to software solutions designed to unify disparate fixed, mobile, and IP networks, thereby facilitating converged communication services for enterprise communications and core telecommunications sectors. Additionally, it offers Wi-Fi access for mobile devices through its SaaS platform. Pareteum serves a wide range of markets, including the Internet of Things (IoT), smart cities initiatives, application developers, and key players in the mobile virtual network ecosystem, such as mobile virtual network operators (MVNOs), enablers, and aggregators. Established in 1962 and headquartered in New York, New York, the company was previously known as Elephant Talk Communications Corp. before officially rebranding as Pareteum Corporation in November 2016. However, on May 15, 2022, Pareteum Corporation, along with its associated entities, initiated Chapter 11 bankruptcy proceedings by filing a voluntary petition for reorganization with the U.S. Bankruptcy Court for the Southern District of New York.

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