02-14-2019, 11:05 PM
NEW YORK, NY – Feb. 14, 2019 – Pareteum Corporation (Nasdaq: TEUM), a rapidly growing global cloud software communications platform company with a mission to connect “every person and every(thing)”, today announced that it closed FY2018 with six new three-year agreements with new and existing customers, worth a total of $15 million. Combined with previously announced contracts, Pareteum’s 36-month contractual revenue backlog now totals $615 million. In addition, eight agreements that were announced in November and early December have been launched into production.
Pareteum Grows FY2018 36 Month Contract Revenue Backlog to $615M - Pareteum
That's another $15M in just the last two weeks of December, not even the holidays is slowing this down.
In 2018, 3-year backlog increased from $172M at the end of 2017 to $615M at the end of 2018 and in the last 18 months the company went from 4 to 85 customers..