The Pareteum-Cleartech strategic partnership brings MVNO opportunities to Cleartech's enterprise clients and partners, leveraging Pareteum's global cloud based mobile telecom, security and messaging platform. Cleartech, is joint-venture by EDS, and CPqD and leading Brazilian IT companies which comprise a clearinghouse of telecom entities that manage interconnections and services shared by telecom operators in Brazil. Cleartech's partners Telefonica, TIM, Amereica Movel, and Oi, among others, complement the expansion of the combined Pareteum-Cleartech offerings into new MVNO opportunities.
"We could not be more excited to join forces with Pareteum to bring their platform together with our leading systems integration and development capabilities. We envision broadening our offerings in helping to expand the market place to yield unsurpassed solutions and opportunities to a broad base of enterprises and MVNO providers," said Jorge Pacca, CEO of Cleartech.
Following the approval of an MVNO Regulation in 2010, Brazil was in its infancy stage in the MVNO landscape, but is now considered to be one of the largest potential MVNO markets in the world. Latest expert research projects the Brazilian MVNO market to have the potential to grow to over 50 million mobile clients over the next decade. Pareteum and Cleartech are working to leverage key customer and partner relationships to take advantage of this this growing opportunity.
About Pareteum Corporation:
Pareteum Corporation, and its subsidiaries (also referred to as "Pareteum", and "the Company") provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise and IoT markets. For more information please visit: www.pareteum.com.
Cleartech is a joint-venture created in 1999 by the leading Brazilian IT companies, EDS and CPqD. It plays the role as a clearinghouse of telecom companies in Brazil and manages interconnections and services shared by telecom operators in Brazil. Cleartech is the Brazilian leader in Business Process Outsourcing (BPO) service models that involve Call Data Records (CDR) treatment and analysis. It is also one of the largest in the world in terms of volume and processing capacity in this field. Cleartech services are divided into suites that allow for Interconnection Management, Co-Billing Management, and Inter-Operator and Inter-System Conciliation Management for the same operator, as well as support for Revenue Guarantee actions.
Cleartech also works with consulting services for different IT and telecom fields, giving its clients more security in implementing new systems and critical mission business processes. In 2007, Cleartech was chosen by ABR- Associação Brasileira de Recursosem Telecomunicações (Brazilian Association for Telecommunications Resources) to operate the Portability Data Base in Brazil, a resource that allows every user of fixed or mobile telephones the right to keep their telephone number when they decide to change their service provider. For more information please visit: http://www.cleartech.com.br/
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 Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum'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 Pareteum 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, Pareteum 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 Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum.
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SOURCE Pareteum Corporation