Spare Backup has entered into a master services agreement with ThinkSmart, under which both the companies have jointly created a platform to provide Spare Backup’s online data storage services to ThinkSmart customers in Australia. ThinkSmart’s products in Australia are distributed under the RentSmart brand.
The company said that the new customers signing up to the RentSmart product will be directed to a co-branded registration site that allows RentSmart customers to sign up for online data storage services. RentSmart customers will be entitled to register for a 5GB/5 device storage account at no cost. They will also have the option to subscribe to on-line storage packages starting at 10GB with monthly or annual payment options.
As per the agreement, both parties have entered into a revenue sharing agreement that will operate on a mutually beneficial basis.
Cery Perle, CEO of Spare Backup, said: “This agreement is another example of our ability to attract proven high profile business partners and helps to further expand our international footprint. The terms of the agreement are forward thinking in that revenue is generated based upon user adoption without an upfront cost to the customer.
“We are excited about the structure of this partnership. There are no barriers to participation for the customer and the revenue sharing agreement makes it an undeniably positive arrangement for both ThinkSmart and Spare Backup.”
Ned Montarello, executive chairman and CEO of ThinkSmart, said: “This is an important new product development for the ThinkSmart Group in Australia and we’ve undertaken an extensive search for a partner who could meet our needs. Spare Backup resonates well with our business as we are both international market leaders in our respective fields and the synergies to do good business are strong.”
