Cloud Communications Platform Pareteum Granted Patent for Cloud Security Solution

Pareteum Corporation (NYSE American: TEUM), a global provider of cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide, has announced that its European operating subsidiary has been granted a UK patent (GB2541449) for a solution enabling highly secured, strong-authentication, that would provide secure access and additional identity validation on Pareteum’s Global Cloud Platform and other online services.

The patented technology uses pre-shared secret key authentication between mobile devices and secured cloud services, such as Pareteum’s Global Cloud Platform. It would underscore Pareteum’s commitment to “best in class” and innovative security in all their services.

“We are pleased to have been awarded this patent, which is representative of our rapidly growing intellectual property portfolio,” said Vic Bozzo, CEO of Pareteum. “The mobile services and application market has to adopt a security first strategy as the world’s data access becomes exclusively serviced through wireless connections.”

Retail, Enterprise, IoT Customers

Pareteum’s platform services partners (technologies integrated into their cloud platform) include: HPE, IBM, Sonus, Oracle, Microsoft, and other “world class” technology providers. Pareteum serves retail, enterprise and IoT customers and currently has its offices located in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands.

“Our product services roadmap strategy includes ‘insights,’ predictive analytics, and blockchain enabled payment systems for which high levels of security and authentication are crucial,” said Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum. “Identity management and trustful transactions are the focus of all our service developments. Pareteum continues to cultivate partner alliances that enable us to provide single source solutions for our global customers.”