LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free research report on Pareteum Corp. (NYSE: TEUM), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TEUM as the Company's latest news hit the wire. On June 07, 2018, the Company announced that it has inked a deal to acquire Artilium, a leading London-based Mobile Virtual Network Enabler (MVNE) and Internet of Things (IoT) Enabler, for approximately $104.7 million. Artilium complements and extends Pareteum's geographic footprint in Europe. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Details of the Acquisition

  • As per the deal terms, each Artilium's shareholder will be entitled to receive 0.1016 Pareteum's shares and 1.9 pence in cash per Artilium share upon completion of the transaction. The acquisition values each Artilium's share at 19.55 pence.

  • The transaction is expected to be significantly accretive to Pareteum's non-GAAP earnings per share in 2019, produce strong growth in pro-forma operating cashflow generation, and provide material cost and revenue synergies.

  • The transaction has been approved by Pareteum's Directors and all of the independent Artilium's Directors.

  • Following the acquisition, Artilium's Chief Executive Officer, Bart Weijermars, will be engaged as Chief Executive Officer of Pareteum Europe and Artilium as wholly owned subsidiaries of Pareteum.

  • The transaction, expected to close in September 2018, is subject to the satisfaction of certain conditions including approval by Pareteum's stockholders of the issuance of shares of common stock in connection with the acquisition and approval by Artilium's shareholders.

Acquisition Allows Artilium to Improve the Outlook for its Shareholder Growth

Commenting on the acquisition, Jan-Paul Menke, Non-Executive Chairman of Artilium, stated that Pareteum and Artilium make a powerful combination. According to him, Artilium's shareholders are very pleased with this transaction.

Jan-Paul further added that with the now significantly enhanced operating capabilities of the combined companies, Artilium expects even more opportunities to become available and further improve the outlook for shareholder growth and value to be reflected in its business.

Pareteum's Strategic Alliance with Artilium

Since October 2017, Artilium and Pareteum have benefitted from a strategic alliance entered into with the intention of jointly pursuing new and developed markets, accelerating growth and increasing market penetration for both companies. In the few months since the alliance was launched, both companies have collaborated on at least 18 opportunities, resulting in 7 sales wins and an increasing pipeline of potential deals to pursue. Pareteum estimates that over $65 million has been added to its 36-month contractual revenue backlog as a direct result of the engagement.

About Artilium PLC

Based in London, United Kingdom, Artilium is a leading MVNE and IoT Enabler through its own state of the art Cloud platform. Artilium delivers its platform and solutions all over the world.

About Pareteum Corp.

Headquartered in New York City, New York, Pareteum is a leading international provider of mobile networking software and services. As a specialized outsourcing partner and systems integrator, the Company provides operating software, managed services, cloud and SaaS solutions and an integrated transaction and delivery platform to the mobile telecommunications industry globally.

Stock Performance Snapshot

June 08, 2018 - At Friday's closing bell, Pareteum's stock climbed 4.48%, ending the trading session at $2.33.

Volume traded for the day: 2.26 million shares, which was above the 3-month average volume of 1.93 million shares.

Stock performance in the previous six-month period ? up 175.97%; past twelve-month period ? up 232.81%; and year-to-date - up 12.56%

After last Friday's close, Pareteum's market cap was at $120.20 million.

The stock is part of the Technology sector, categorized under the Telecom Services - Domestic industry. This sector was up 0.2% at the end of the session.

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