Pareteum Corporation [TEUM] Stock Forecast

Pareteum Corporation, a cloud software communications platform company, provides communications platform-as-a-service (CPaaS) solutions in the United States and internationally. Its platform offers mobility, messaging, and connectivity and security services and applications. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a software-as-a-service (SaaS), PaaS, and/or infrastructure-as-a-service basis. It also delivers operational support system for channel partners with application program interfaces for integration with third party systems, workflows for complex application orchestration, and customer support with branded portals and plug-ins for various other applications. In addition, the company provides software solutions, which layer over disparate fixed, mobile, and IP networks to enable the deployment of converged communication services and applications for enterprise communications and core telecommunications markets; and Wi-Fi access on mobile devices through its SaaS platform. It serves the markets of Internet of Things, smart cities, and application developers, as well as mobile virtual network operators, enablers and aggregators. The company was formerly known as Elephant Talk Communications Corp. and changed its name to Pareteum Corporation in November 2016. The company was incorporated in 1962 and is headquartered in New York, New York. On May 15, 2022, Pareteum Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.