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Pareteum Corporation Bankruptcy Case

Pareteum Corporation

Sale Process

Case No. 22-10615·New York Southern·Petition date May 15, 2022

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OverviewHearings Professionals

Key professionals

Investment Banker

FTI Capital Advisors, LLC (FTICA)

Bankruptcy Counsel

Togut, Segal & Segal LLP

Claims and Noticing Agent

Verita Global

Special Counsel

King & Spalding

Judge: Lisa G. Beckerman
Petition assets: $10M–$50M
Petition liabilities: $50M–$100M
Industry: Telecommunications
Debtors: 9

Pareteum Corporation is a New York-headquartered communications software provider that operates a global Communications Platform as a Service (CPaaS) for mobile network operators, enterprises, and communications service providers. The company offers cloud-based solutions for mobile connectivity, inter-domain messaging, and location-targeted engagement services across North America, Europe, the Middle East, Africa, and the Asia-Pacific region. Employing approximately 159 full-time staff, the firm generated $69.6 million in 2020 revenue.

Case background, summaries, and key terms are generated from the filings on this docket. Docket entries and documents come from the court.

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