Pareteum gets USD 5.5m 3-year agreement in United Kingdom

Pareteum Corporation (NYSE American: TEUM), the Global Cloud Software company, has announced that an established e-commerce solution company based in the UK has awarded Pareteum a 3-year agreement for USD 5.5 million, the company said.

Pareteum´s Global Software Defined Cloud (GSDC) Platform includes an e-commerce software enablement solution with the ability to incorporate multiple products, currency denominations, and, a multi-level commission structure for agents, sub-agents and retailers.

Pareteum´s GSDC introduces a new e-voucher system into the client´s billing platform to provide flexibility in payment options and, now, providing transactions processing for multiple currencies in a variety of countries. The multi-tiers of reporting and commission rating, made accessible through the software and Super APIs within the Pareteum platform, launch the provider into a new demographic segment and enhances services available to its current customers.

Pareteum is a rapidly growing Global Software Defined Cloud company with a mission to connect “every person and everything.” Organizations use Pareteum to energize their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. For more information visit: www.pareteum.com.