Pareteum

Pareteum is a cloud-based communications platform that offers mobile networking solutions for enterprises. Read more

92 Followers on Owler
92 Followers on Owler
92 Followers on Owler
92 Followers on Owler

Pareteum

Pareteum is a cloud-based communications platform that offers mobile networking solutions for enterprises. Read more

Bart Weijermars's photo - Interim-CEO of Pareteum

Interim-CEO

Bart Weijermars

CEO Approval Rating

70/100

Founded:

2001

Status:

PublicIndependent CompanyNASDAQTEUM

PARETEUM TOP COMPETITORS OR ALTERNATIVES

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LumenVox is Pareteum's #1 competitor. LumenVox's headquarters is in San Diego, California, and was founded in 2000. LumenVox competes in the Application Software industry. LumenVox generates 6.45% of Pareteum's revenue.

Cradlepoint is one of Pareteum's top rivals. Cradlepoint was founded in Boise, Idaho} in 2006. Cradlepoint is in the Telecommunication field. Compared to Pareteum, Cradlepoint generates $75M more revenue.

Tango Networks, Inc. is one of Pareteum's top competitors. Tango Networks, Inc. is a Private company that was founded in 2005 in Frisco, Texas. Tango Networks, Inc. operates in the Telecommunication Services industry. Compared to Pareteum, Tango Networks, Inc. has 78 fewer employees.

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Pareteum Quarterly and Annual Revenue

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Annual Revenue

$62M

Pareteum's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 24.8M.

Pareteum Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Devicescape Software, Inc.

May 2019

Source »
undisclosed
Devicescape develops and provides mobile location and engagement solutions for restaurants and retailers.
iPass, Inc.

Nov 2018

Source »
undisclosed
iPass provides cloud-based mobility management and network connectivity solutions for the telecommunications industry.

These are all the companies that Pareteum has acquired. Pareteum has acquired 2 companies and its latest acquisition was Devicescape Software, Inc. in May 2019. Devicescape develops and provides mobile location and engagement solutions for restaurants and retailers.

Pareteum Funding History

Since Pareteum was founded in 2001, it has participated in 7 rounds of funding. In total Pareteum has raised $106.9M. Pareteum's last funding round was on Jun 2020 for a total of $17.5M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Private Placement
Jun 2020
$17.5M
-
Debt - PPP (CARES Act)
May 2020
$551.8K
Debt - PPP (CARES Act)
Apr 2020
$350K - $1M

U.S. Small Business Administration.

Debt
Feb 2019
$50M
Private Placement
Nov 2017
$6.6M
-

Since Pareteum was founded in 2001, it has participated in 7 rounds of funding. In total Pareteum has raised $106.9M. Pareteum's last funding round was on Jun 2020 for a total of $17.5M

Pareteum Investments

No recent investments found related to Pareteum

These are all the companies that Pareteum has invested in. Pareteum has invested 2 companies and its latest investment was Devicescape Software, Inc. in May 2019. Devicescape develops and provides mobile location and engagement solutions for restaurants and retailers.

Pareteum News

April 1, 2021TMCnet

Pareteum Partners with Reach Mobile for New Turnkey Wireless Solutions

Pareteum will be combining resources with Reach Mobile to provide new digital solutions for both comp... See more »
March 12, 2021Telecompaper

Pareteum restates results for 2019

(Telecompaper) After restating its results for 2018 in December, Pareteum has now restated the ones f... See more »
March 2, 2021Telecompaper

Pareteum launches new wireless home office, rural broadband platform

(Telecompaper) Pareteum announced a new cellular Wi-Fi connectivity offer to address home office and ... See more »
December 14, 2020Telecompaper

Pareteum restates results for 2018

(Telecompaper) Pareteum has completed the restatement of its financial and operational results for 20... See more »
November 11, 2020Telecompaper

Pareteum shares delisted from Nasdaq after delay in results restatement

(Telecompaper) Pareteum's shares will be delisted from trading on the Nasdaq market from 12 November ... See more »
November 10, 2020MarketScreener

Provides Business Update in Open Letter to Shareholders

(marketscreener.com) NEW YORK, Nov. 10, 2020 /PRNewswire/ -- Pareteum Corporation , a global cloud co... See more »
October 16, 2020Telecompaper

Pareteum receives extension to Nasdaq deadline for overdue financial reports

(Telecompaper) Pareteum, a provider of communications-platform-as-a-service products, said it has rec... See more »

Pareteum Press Releases

December 6, 2019NewMediaWire

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Pareteum Corporation To Contact The Firm

NEW YORK, NY - (NewMediaWire) - December 06, 2019 - Faruqi & Faruqi, LLP, a leading national securiti... See more »
November 27, 2019GlobalNewswire

Block & Leviton LLP Announces New Developments in Pareteum Litigation

BOSTON, Nov. 27, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litiga... See more »
November 26, 2019PR Newswire

ROSEN, A GLOBAL LAW FIRM, Reminds Pareteum Corporation Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $1MM to Contact the Firm

NEW YORK, Nov. 25, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds pu... See more »
November 20, 2019GlobalNewswire

Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Pareteum Corp. - TEUM

NEW YORK, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a securities class action la... See more »
November 5, 2019Newsfile

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Pareteum Corporation To Contact The Firm

New York, New York--(Newsfile Corp. - November 5, 2019) - Faruqi & Faruqi, LLP, a leading national se... See more »
October 29, 2019PR Newswire

December 23, 2019

NEW YORK, Oct. 29, 2019 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC no... See more »
October 25, 2019centralcharts

TEUM)

FORMER LOUSIANA ATTORNEY GENERAL'S LAW FIRM Kahn Swick & Foti, LLC Files a Securities Class Action Wi... See more »

Pareteum Videos

Social Media

Pareteum Headquarters

1185 Avenue of the Americas, 2nd Floor

New York, New York10036

1-646-975-0400

Driving Directions »

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Pareteum Summary

ABOUT

Overview

Pareteum is a cloud-based communications platform that offers mobile networking solutions for enterprises. Pareteum was founded in 2001. Pareteum's headquarters is located in New York, New York, USA 10036. It has raised 106.9M in 7 rounds. The latest ...

CEO

Pareteum's Interim-CEO, Bart Weijermars, currently has an approval rating of 70%. Pareteum's primary competitors are LumenVox, Cradlepoint & Tango Networks, Inc..

Website

pareteum.com

Frequently Asked Questions about Pareteum

  1. When was Pareteum founded?

    Pareteum was founded in 2001
  2. Who is Pareteum's CEO?

    Pareteum's CEO is Bart Weijermars
  3. How much revenue does Pareteum generate?

    Pareteum generates $62M in revenue
  4. How much funding does Pareteum have?

    Pareteum has historically raised $106.9M in funding
  1. Where is Pareteum's headquarters?

    Pareteum's headquarters is in New York New York, USA
  2. How many employees does Pareteum have?

    Pareteum has 138 employees
  3. What sector does Pareteum operate in?

    Pareteum is in Telecommunication Services
  4. Who are Pareteum's competitors?

    Pareteum's top competitors are LumenVox, Cradlepoint, Tango Networks, Inc.