NEW YORK, Jan. 11, 2017 /PRNewswire/ -- Pareteum Corporation (NYSE MKT: TEUM) ("Pareteum," or the "Company"), a leading provider of mobile networking software and services, today announced an expansion of its Mobile Cloud Platform product team with the appointment of Chris Hills formerly Director of Verizon Global Voice Services to the newly created position of Vice President, Global Connectivity.
Chris Hills is a 20 year veteran of the telecommunications industry and brings extensive experience in marketing, business operations and expanding the interconnection of carrier networks gained through a career working at firms including Verizon, and MFS Communications. In this position, Chris leads Pareteum's efforts to expand its growing network of Telecom Carrier Service Providers allowing additional MVNOs to connect directly through the cloud to the Pareteum platform for SIM connectivity, Voice, SMS Messaging and Roaming solutions.
"As we build out our MVNO Anywhere strategy it is incumbent on us to further expand our connectivity footprint, broadening the reach of our network and allowing MVNOs in geographic locations around the world to access our platform," said Hal Turner, Pareteum's Executive Chairman. "Chris' years of experience in building network connectivity and specifically in understanding how the largest mobile companies in the world provide further reach and strategic applications for their customers significantly strengthens our team and the competitiveness of our service offerings," Mr. Turner continued.
Capitalizing on the growing demand for unique data-related and value-added communications services around the globe, the expanded Pareteum Mobile Cloud Platform allows any subscriber company, IOT, or MVNOs located virtually anywhere in the world to connect to the platform. It provides retail telecommunication providers with a solution that incorporates billing, metering and management of a full suite of mobile voice, SMS and data services.
The global MVNO market is expected to reach USD 73.20 billion by 2020, according to Grand View Research1, with global MVNO subscribers expected to exceed 300 million by 2020, at a CAGR of 10.7% from 2014 to 2020. Pareteum is focused on delivering its enhanced, cost effective and highly differentiated mobility cloud platform, with its unique messaging and security capabilities, to serve the needs of the growing global Mobile, MVNO, Enterprise and IoT markets. Pareteum provides an MVNO full control of the entire IT system and network infrastructure through an easy to use cloud-based interface, potentially saving them up to 90% in operating costs with significant time-to-market advantages.
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.
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SOURCE Pareteum Corporation