Pareteum Wins New Business in Asia, Indian Subcontinent

Pareteum will provide its Global Cloud Services Platform to an established enterprise integrator and MSP in Asia and the Indian Subcontinent. The company declined to name the new customer, with which it has a new three-year contract.

The contract calls for Pareteum to be paid monthly and on a per device basis for all endpoints managed by the platform. Pareteum will also receive payment for wireless connectivity.

The GCSP will enable the client to manage global wireless devices. In addition, it will provide a single platform through which to do all provisioning, monitoring, and management of applications and connectivity.

"This opens up a whole new market sector for us as the companies that provide IT outsourcing and managed service to enterprises push deeper into the Internet of Things industry,” says Pareteum CEO Vic Bozzo. “As our tools enable them to create more efficient enterprises, we see the opportunity to help them use the power of the cloud to scale exponentially. This contract is opening Pareteum to the unlimited potential created by the wireless device universe."

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "Pareteum's overarching strategies, which are centered on open mobility and applications networks, globally, are now further supported by this ecosystem addition, which enables the virtual elimination of geographic boundaries. Delivery of our award-winning services is now aimed from around the globe to this South Asia region, with over 200 million people. We expect our mission of wireless everywhere, and, on demand, plus smart cities and enterprise business models, to quickly scale in this region."

According to Statista, the global revenue business process outsourcing and information technology outsourcing amounted to around 88.9 billion U.S. dollars in 2017.