Agreement Between Spare Backup and Cydcor

Spare Backup, Inc. has reached an agreement with privately held Cydcor whereby Cydcor will market Spare Backup’s line of backup services for consumers and small businesses throughout its business to business direct sales network.

Cydcor is a market leader in outsourced direct sales with over 3,000 direct sales professionals servicing hundreds of thousands of business clients in North America, with capabilities and an approach to doing business that is truly unique. Cydcor sales professionals made over 30 million direct in-person sales calls in 2008. Their top-tier clients represent some of the world’s most recognized brands, covering many different industries, including telecommunications, cable, internet, office products, merchant services and energy. Cydcor focuses on achieving success in meeting its clients’ customer acquisition goals, making Cydcor a win-win situation for clients and employees alike.

Under the terms of the agreement Cydcor will offer Spare Backup’s business data storage solutions to its network of business clients. Both companies will share in the revenue derived from sales on a monthly or annual subscription basis.

"Spare Backup, Inc. is excited to work with Cydcor as they are a dynamic and growing operation servicing the needs of their business clients," said Cery Perle, Spare Backup’s CEO. "Through their direct outsourced sales efforts, Cydcor sales professionals personally touch millions of potential business customers on an annual basis which makes them a natural fit for our company. Their ‘face to face’ approach to business marketing consistently leads to higher closing ratios as representatives assess client needs and explain solutions. We are confident that their long list of clients and expansive sales network will yield strong sales results for both organizations as we launch this effort."

"Cydcor is thrilled to have Spare Backup as a partner. They have a very competitive product offering that will appeal to both consumers and the small-to-medium business market. We are excited to leverage our sales network to help Spare Backup reach these customers and execute their strategy in North America," added Jim Siegrist, Senior Vice President of Business Development for Cydcor.