Pareteum up after new $4M global deal

|About: Pareteum Corporation (TEUM)|By:, SA News Editor

Pareteum (NYSEMKT:TEUM) is up 0.7% premarket after the latest of a string of contract wins, a $4M deal from an Internet of Things provider.

The three-year deal with the EMEA-based provider will involve Pareteum's Global Software Defined Cloud and software APIs for global expansion of enterprise software application solutions.

The new client serves IoT developers, smart cities, auto manufacturers and systems integrators.

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