Family Zone signs Indian sales agreements

29/05/2018 - 14:34

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Shares in local tech company Family Zone Cyber Safety rose today after the company said it has signed sales agreements with two major telecom providers in India.

Tim Levy says India is an important strategic market for the company. Photo: Attila Csaszar

Shares in local tech company Family Zone Cyber Safety rose today after the company said it has signed sales agreements with two major telecom providers in India.

Perth-based Family Zone provides a cloud-based cyber security platform for children.

The company has struck two separate deals with Vodafone India and Indian electronics manufacturer Micromax.

Family Zone shares were up 14 per cent at 5.7 cents each at 330pm AEDT.

Under the agreement with Vodafone, the telco company will wholesale Family Zone’s cyber safety service, Mobile Zone, across its prepaid and postpaid segments.

Under the terms, Vodafone has agreed to offer Mobile Zone as a discrete value-added service and also as a bundled service offering.

Vodafone is responsible for promotion, marketing, provisioning and first-tier support.

Family Zone has also signed a three-year agreement with Micromax under which the manufacturer will pre-install Family Zone’s technology on all its devices.

Micromax sells more than 30 million devices a year throughout India.

Micromax receives no commission or revenue share for generating Family Zone subscriptions.

Family Zone managing director Tim Levy said India was an important strategic market for the company.

“The country has an enormous and growing middle class that has rapidly adopted technology,” he said.

“Reaching agreement with a Vodafone entity, one of the leading and largest telecom groups in the world, is a major acknowledgement of our company and our vision.

“Reaching agreement with Micromax continues our drive to embed cyber safety and access to the Family Zone ecosystem everywhere our children access the internet.”

 

 

 

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