About Pareteum
Pareteum is a publicly listed company based in Barcelona (Spain) founded in 2001 by Robert Turner. Software-defined cloud platform and MVNE services provider. Pareteum has completed 4 acquisitions, including Circles Aspire, Devicescape and ValidSoft. Its focus areas include Telecom, OSS & BSS and Suite. Its legal entity is PARETEUM CORP.
Company details
Pareteum was established in 2001 and operates from Barcelona, Spain, within the telecommunications sector. A cloud-based platform is offered, along with proprietary software and managed services, to support mobile network operators, virtual network operators, enterprises, government entities, educational institutions, application developers, content providers, and retail organizations. Virtualized software-defined networking and network function virtualization technologies are utilized in the mobile core network platform.
- Headquarters Barcelona, Spain
- Founders Robert Turner
- Stage Public
- SectorsTelecommunications
- Email••••••••
- Phone•••• ••••
- Website pareteum.com
- Social LinkedIn X Facebook
- Legal Name Pareteum Corp
- Annual Revenue$69.64 M (USD)12as on Dec 31, 2020
- Net Profit-$44.66 M (USD)80as on Dec 31, 2020
- EBITDA-$25.61 M (USD)87as on Dec 31, 2020
- Latest Funding Round$17.5M (USD), Post-IPO
Jun 2020
- InvestorsHoving Partners
& 1 more
- Investments & AcquisitionsCircles Aspire
& 3 more
Funding Insights of Pareteum
- Total Rounds 9
- Last Round Post-IPO — $17.5M
- First Round $23.17M
(Feb 2011)
- Investors Count 2
All 9 funding rounds of Pareteum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $17.5M | Post-IPO | – | – | – |
| Dec 2019 | $25M | Post-IPO | – | – | |
| Mar 2019 | $50M | Debt – Conventional | – | – | |
| Oct 2018 | $10.43M | Post-IPO | – | – | – |
| Dec 2017 | $6.58M | Post-IPO | – | – | – |
| Jan 2016 | $500,000 | Post-IPO | – | – | – |
| Apr 2012 | $8.8M | Post-IPO | – | – | – |
| Mar 2012 | $8.8M | Debt – Conventional | – | – | – |
| Feb 2011 | $23.17M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Pareteum
Pareteum has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Hoving Partners and Post Road Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Alternative investments in private credit, equity, and real estate are managed by Post Road Group. | 2015 | postroadgroup.com | Stamford, United States | |
Offers wealth management services, including portfolio advisory and financial planning. | 2004 | hoving.partners | Geneva, Switzerland |
Investor details for Pareteum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Pareteum
8 people are tracked at Pareteum (4 in leadership, 4 in board & advisors).
| Name | Role | Group |
|---|---|---|
Robert Turner | Founder & Executive Chairman | Leadership |
Vic Bozzo | Ex-Chief Commercial Officer | Leadership |
Laura W. Thomas | Interim CFO | Leadership |
Bart Weijermars | Interim Chief Executive Officer and Chief Strategy Officer | Leadership |
Mary Beth Vitale | Interim Chairman | Board & advisors |
Robert H. Turner | Director | Board & advisors |
Luis Jimenez-Tuñon | Director | Board & advisors |
Robert L. Lippert | Director | Board & advisors |
Complete people profiles for Pareteum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Pareteum
Pareteum has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Circles Aspire, Devicescape and ValidSoft.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Wi-Fi solutions for mobile device connectivity management are developed. | devicescape.com | San Bruno, United States | 2000 | May 2019 | •••• | |
Secure Wi-Fi access is provided globally via hotspot networks. | ipass.com | Redwood, United States | 1996 | Nov 2018 | •••• | |
A SaaS platform is provided for telco multi-service enablement. | artilium.com | Bruges, Belgium | 1995 | Jun 2018 | $104.7M | |
Voice biometrics are applied to secure access and prevent fraud. | validsoft.com | London, United Kingdom | 2003 | Nov 2009 | •••• |
Complete acquisition details for Pareteum
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Pareteum
8 dated milestones of Pareteum across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Pareteum is founded.
- Acquisition Acquires ValidSoft.
- Funding First funding round of $23.2M.
- Acquisition Acquires Circles Aspire.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires iPass.
- Acquisition Acquires Devicescape.
- Funding Latest funding round, Post-IPO, of $17.5M.
Web traffic of Pareteum
Websites that share an audience with Pareteum (pareteum.com).
Websites whose visitors overlap most with Pareteum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| blueskynetwork.com | 100% | 8K | #2,741,401 | View details | |
| eseye.com | 93% | 37.6K | #821,242 | View details |
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Related news about Pareteum
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Frequently Asked Questions about Pareteum
Pareteum was founded in 2001 and raised its 1st funding round 10 years after it was founded.
Pareteum is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Annual revenue of Pareteum is $69.64M as on Dec 31, 2020.
Pareteum was established in 2001 and operates from Barcelona, Spain, within the telecommunications sector. A cloud-based platform is offered, along with proprietary software and managed services, to support mobile network operators, virtual network operators, enterprises, government entities, educational institutions, application developers, content providers, and retail organizations. Virtualized software-defined networking and network function virtualization technologies are utilized in the mobile core network platform.
Pareteum has made 4 acquisitions, including Circles Aspire, Devicescape, and ValidSoft.
Pareteum has 2 investors. Key investors include Hoving Partners, and Post Road Group.
Pareteum operates through Pareteum Corp.