NEW YORK, Sept. 7, 2016 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("ET" or the "Company"), a leading international provider of mobile networking software and services, today announced signing a new strategic partnership with Expeto, advancing Elephant Talk's mobility cloud platform capabilities into the Enterprise and IoT markets.
"We are very pleased to have partnered with Expeto in what we envision is a major step forward for both of our growing organizations. This is an exciting development in the evolution of Elephant Talk as we expand our cloud based mobile telecom, security and messaging platform services and software, including our patented voice-biometric and authentication offerings, into the enterprise mobility and IoT markets," said Hal Turner, CEO of Elephant Talk. "Our combined offerings create clear competitive advantage for both of our firms and represents the continued realization of our vision as a leading provider enabling and securing communications, transactions and applications for the connected world via our globally deployed cloud services," Mr. Turner concluded.
Elephant Talk and Expeto have agreed to collaborate to bring cloud based mobility services to enterprises and communications services providers. Together, with handset providers, distribution partners and key consumer brands, Elephant Talk and Expeto will leverage Elephant Talk's proprietary software and applications development capabilities. This complete network of partners enables businesses across the globe to effectively manage their data utilizing all IoT connected devices in trusted environments, while significantly reducing capital expenditure (Capex) constraints and driving significant value growth. The agreement includes revenue split terms related to subscriber growth.
"Expeto enables enterprises to fully control cellular data in a trusted way, inclusive of LTE data. Controlling and managing the LTE core network achieves this. The partnership with Elephant Talk brings together this capability with Elephant Talk's proven track record for its complete mobile platform, including unique billing, rating and policy management," said Ryley MacKenzie, CEO of Expeto. "We chose to work with Elephant Talk given their successful track record in the mobile virtual network enablement (MVNE) space - enabling mobile operators to resell capacity and create new brands, employing their innovative platform to help businesses to use their own underlying infrastructures to be successful. It is this proven track record and expertise that we believe ideally complement our own strong capabilities. I look forward to a fruitful and prosperous relationship," Mr. MacKenzie added.
As enterprises look to expand the services they offer to customers and employees, Communications Service Providers (CSPs) struggle to move beyond connectivity to offer the full capability for businesses looking to exploit IoT. In response, enterprises are seeking to utilize MVNO services themselves, allowing them to take control of their own operations and networks. The Elephant Talk - Expeto strategic partnership directly responds to this growing market demand, offering complete MVNO capability within trusted private networks. Gartner predicts, 'By 2018 the top 1000 global enterprises will implement MVNO capabilities of some scale in support of their IOT capabilities.'
About Elephant Talk Communications Corp.:
Elephant Talk Communications Corp. and its subsidiaries (also referred to as "Elephant Talk", "ET" and "the Company") provide a complete mobility cloud platform, utilizing messaging and security capabilities. Elephant Talk offers fully managed 'single sign on and application access' Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) applications designed for communications services providers and enterprises. SaaS are applications designed for end-users, delivered over the web. PaaS is a set of tools and services designed to make coding and deploying those applications quick and efficient. IaaS is the hardware and software solution that powers it all including servers, storage, networks and operating systems. The Company is comprised of a deeply experienced management team, architects, software developers, implementation specialists and an operations team who bring turnkey mobile solutions to the retail telecommunications industry. ET also provides software based authentication and voice-biometrics technology and services through its wholly owned subsidiary, ValidSoft UK Limited ("ValidSoft"). For more information please visit: www.elephanttalk.com.
About ValidSoft UK Ltd:
ValidSoft, a subsidiary of Elephant Talk Communications Corp., secures transactions using personal authentication and device assurance. We enable our customers to enhance their security while improving their user experience, utilizing our multi-factor authentication platform, Voice Biometric engine and Device Trust technology, all of which may be used as 'stand-alone' or integrated into multi-vendor solutions. ValidSoft serves multiple clients across the financial services, government and enterprise sectors and is the only company to have been granted four European Privacy Seals, reflecting its commitment to strong data privacy. For more information please visit: www.validsoft.com
Expeto enable enterprises to fully control cellular data - inclusive of LTE data. This is achieved by controlling and managing the LTE core network. Typically found only in large Telco data centres, Expeto has developed a PaaS platform where enterprises can now control these elements through a RESTful interface. Create and destroy entire LTE core networks in a matter of seconds. Truly distributed networking.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Elephant Talk's plans and objectives, projections, expectations and intentions (including, without limitation, Elephant Talk's plans in regard to its ValidSoft subsidiary). These forward-looking statements are based on current expectations, estimates and projections about Elephant Talk's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Elephant Talk may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Elephant Talk also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Elephant Talk's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Elephant Talk.
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SOURCE Elephant Talk Communications Corp.