Circles Global and Channel Ventures Group completed the acquisition of Pareteum.

Circles Global, a technology firm in the telco industry with operations, and Channel Ventures Group, a media production company, completed the acquisition of Pareteum, a global cloud communications platform. Financial terms were not disclosed. "Pareteum was founded on similar principles to Circles Global: 'Bringing power back to customers globally.' Pareteum has been able to engineer an impressive suite of telecommunications software products, as well as build strong relationships with telecommunications players globally. This acquisition reinforces Circles Global's position as a leading global telecommunications SaaS provider, enabling us to serve a broader set of customers across Europe, Africa and Latin America. As part of this acquisition, we will work together to bridge the transition and work on a unified path forward. Circles Global will work hard with Pareteum's communications service provider partners to deliver on their objectives to move fast and compete effectively," Abhishek Gupta, Circles Global Co-founder.