Wired News – Artilium to be Acquired by Pareteum

LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free research report on Pareteum Corp. (NYSE: TEUM), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TEUM as the Company’s latest news hit the wire. On June 07, 2018, the Company announced that it has inked a deal to acquire Artilium, a leading London-based Mobile Virtual Network Enabler (MVNE) and Internet of Things (IoT) Enabler, for approximately $104.7 million. Artilium complements and extends Pareteum’s geographic footprint in Europe. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Pareteum most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TEUM

Details of the Acquisition

As per the deal terms, each Artilium’s shareholder will be entitled to receive 0.1016 Pareteum’s shares and 1.9 pence in cash per Artilium share upon completion of the transaction. The acquisition values each Artilium’s share at 19.55 pence.

The transaction is expected to be significantly accretive to Pareteum’s non-GAAP earnings per share in 2019, produce strong growth in pro-forma operating cashflow generation, and provide material cost and revenue synergies.

The transaction has been approved by Pareteum’s Directors and all of the independent Artilium’s Directors.

Following the acquisition, Artilium’s Chief Executive Officer, Bart Weijermars, will be engaged as Chief Executive Officer of Pareteum Europe and Artilium as wholly owned subsidiaries of Pareteum.

The transaction, expected to close in September 2018, is subject to the satisfaction of certain conditions including approval by Pareteum’s stockholders of the issuance of shares of common stock in connection with the acquisition and approval by Artilium’s shareholders.

Acquisition Allows Artilium to Improve the Outlook for its Shareholder Growth

Commenting on the acquisition, Jan-Paul Menke, Non-Executive Chairman of Artilium, stated that Pareteum and Artilium make a powerful combination. According to him, Artilium’s shareholders are very pleased with this transaction.

Jan-Paul further added that with the now significantly enhanced operating capabilities of the combined companies, Artilium expects even more opportunities to become available and further improve the outlook for shareholder growth and value to be reflected in its business.

Pareteum’s Strategic Alliance with Artilium

Since October 2017, Artilium and Pareteum have benefitted from a strategic alliance entered into with the intention of jointly pursuing new and developed markets, accelerating growth and increasing market penetration for both companies. In the few months since the alliance was launched, both companies have collaborated on at least 18 opportunities, resulting in 7 sales wins and an increasing pipeline of potential deals to pursue. Pareteum estimates that over $65 million has been added to its 36-month contractual revenue backlog as a direct result of the engagement.

About Artilium PLC

Based in London, United Kingdom, Artilium is a leading MVNE and IoT Enabler through its own state of the art Cloud platform. Artilium delivers its platform and solutions all over the world.

About Pareteum Corp.

Headquartered in New York City, New York, Pareteum is a leading international provider of mobile networking software and services. As a specialized outsourcing partner and systems integrator, the Company provides operating software, managed services, cloud and SaaS solutions and an integrated transaction and delivery platform to the mobile telecommunications industry globally.

Stock Performance Snapshot

June 08, 2018 – At Friday’s closing bell, Pareteum’s stock climbed 4.48%, ending the trading session at $2.33.

Volume traded for the day: 2.26 million shares, which was above the 3-month average volume of 1.93 million shares.

Stock performance in the previous six-month period – up 175.97%; past twelve-month period – up 232.81%; and year-to-date – up 12.56%

After last Friday’s close, Pareteum’s market cap was at $120.20 million.

The stock is part of the Technology sector, categorized under the Telecom Services – Domestic industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 502236