Spare Backup in Definitive Agreement With Saveology.com® to Provide a Suite of Online Data Backup Services Coupled With a Customized Cloud Computing Portal to Saveology's 2.5 Million Subscribers
PALM DESERT, Calif., Dec. 16 /PRNewswire-FirstCall/ -- Spare Backup, Inc. ("Spare Backup") (OTC Bulletin Board: SPBU) today announced
the signing of a definitive agreement with Saveology.com® ("Saveology") for Spare Backup to provide data backup storage and a customized
cloud portal for Saveology's rapidly growing customer base. Saveology is a leading comparison shopping destination focused on a vast
array of home services, including cable, satellite television, Internet, telecommunications, home security and warranties. Through their Saveology platform and search engine, Saveology customers are able to quickly compare essential services in one convenient place where they can comparison-shop, purchase and seamlessly schedule installation of a broad range of nationally-recognized brands.
Saveology provides a 24/7 technical support service to its current customer base - through its SupportSquad(TM) brand. Spare Backup and Saveology will target delivery of Spare Backup's cloud and backup services initially through Saveology starting in mid January, 2010. As Saveology adds additional subscribers, currently at a rate of approximately 75,000 per month, they will automatically be included in the offering.
Commenting on the agreement Cery Perle, CEO of Spare Backup, stated, "We are delighted to team up with Saveology in what we both believe will be a very lucrative and synergistic partnership. Spare's data backup will offer the highest level of data integrity and security for Saveology subscribers along with a cloud portal that will greatly enhance their overall subscriber experience leading to increased utilization of the Saveology website, and the whole host of consumer services they provide. Additionally, the opt-out model for delivering this service should result in much higher retention rates as subscribers reach the first payment tier of over two gigabytes. Our historical opt-out retention has been above 50% and we look forward to providing our services to Saveology's millions of subscribers. Both parties have agreed to share revenue on a confidential basis."
Commenting on this agreement, Benny Aboud, CEO of Saveology.com® stated, "We are thrilled to be able to offer Spare Backup's solution as part of our Saveology.com platform. In an increasingly changing online world, this offering will provide our subscribers with an invaluable security and storage product for their everyday computing needs."
About Saveology.com®:
Saveology.com® is a leading comparison shopping destination focused on a vast array of home services including cable, satellite television, Internet, telecommunications, home security and warranties, moving services, and various financial products. Our mission, through utilization of the Saveology.com® platform and search engine, is to empower consumers to lower their cost of living by quickly comparing offers and allowing for the seamless purchase and service installation of a broad range of nationally recognized brands. Visit www.Saveology.com to learn more.