Vonetize and Triple C Sign Strategic Distribution Agreement for a Minimum of NIS 17 Million

January 8th, 2017

Triple-C to market the Vonetize SmartVOD service to its Israeli clients

Noam Josephides, Vonetize CEO: “Triple-C is a strong, leading partner with advanced infrastructure and high quality customer base. The collaboration will allow both companies to offer advanced content services at uncompromising quality and to continue promoting our vision of becoming the content service that offers the best quality and value for money in Israel. Vonetize’s business focus, in the domestic and global markets alike, is to distribute our content services through collaborations with media, infrastructure and TV entities. The agreement with Triple-C is another step in realizing our strategy.”

Having recently announced that its SmartVOD content service has crossed the threshold of 2 million unique users in Israel, Vonetize signed last weekend a strategic distribution agreement with Triple-C Cloud Computing Ltd., a major supplier of internet access and could computing in Israel. Under the agreement, Triple-C will market Vonetize’s SmartVOD service to its clients in Israel, either bundled with its internet access packages or in other ways.

Triple-C has undertaken to pay a minimum of NIS 17 million (including VAT) over the contract’s 3 years or NIS 11.3 million (including VAT) for the first two years should it decide to terminate the agreement at that point as a minimal undertaking for distributing Vonetize’s content service. Triple-C will pay Vonetize additional amounts for services sold beyond the minimum amount set by the parties. It has also undertaken to invest part of the additional funds in purchasing additional content.

The 3-year agreement does not provide exclusivity to any of the parties. Should Triple-C seek to terminate the agreement before its agreed expiry, it would compensate Vonetize according to pre-agreed formula.