Pareteum Corporation (Nasdaq: TEUM), the rapidly growing cloud communications platform company, announced that it has been selected by leading Singaporean mobile operator M1 Limited (M1) to power the expansion of mobility services across the Asia-Pacific region.
M1, which is owned by Keppel Corporation and Singapore Press Holdings, will deploy Pareteum Experience Cloud to enable its partner brands to launch mobility services targeting consumer, IoT, and enterprise markets. The deployment will focus initially on Singapore before extending to other Asian-Pacific markets.
A single source for the creation, delivery and rapid scaling of a multitude of API-driven communications experiences, Pareteum Experience Cloud delivers an unrivalled combination of mobility, customer engagement, analytics, and intelligence services over the world’s largest unified global network.
It enables rapid time to market for new service launches, without a significant Capex burden, and with a SaaS model which allows brands to pay-as-they-scale.
In the first phase of the partnership, M1 will migrate existing partner brands onto the Experience Cloud platform, driving service revenues from day one of the deployment. In phase two, Pareteum and M1 will extend mobility enablement services across Asia Pacific through the creation of a regional hub that will allow partner brands to launch in multiple markets from a single platform instance.
“We believe the future of communications depends on innovators being given the power and the freedom to create and deliver the best experiences to the markets in which they specialize, whether that be consumer, enterprise, or IoT,” said Hal Turner, Chairman and Chief Executive Officer of Pareteum. “M1 is a prestigious customer win for Pareteum, with an extensive track record of its own when it comes to innovation. I am delighted that we are partnering with the M1 team to bring a new wave of communications experiences to the Asia Pacific region.”
“There is a huge opportunity for new brands to launch mobility services across our region and we intend to be at the heart of that opportunity,” said Manjot Singh Mann, Chief Executive Officer at M1. “Pareteum Experience Cloud gives us the flexibility and scalability to enable a new generation of mobility brands to get to market fast and grow rapidly. We look forward to seeing the fruits of this partnership as we bring new customers onto the platform.”