Triangle Technologies of Ramat-Gan Signs Distribution Agreement Between Hoei Sangyo (Japan) and Vsoft (Israel)
 
Triangle Technologies announced today Hoei Sangyo of Japan signed an agreement with Vsoft whereby Hoei Sangyo will become Vsoft's non-exclusive distributor in Japan. Vsoft, of Yokneam, develops and markets innovative video-on-demand (VOD) software products used by large organizations, educational institutions, video production houses, television stations, etc. for the management of video content. Vsoft's products support the most advanced standards for digital video, such as MPEG.
 
"The Japanese market is a strategic one for Vsoft due to the strength of the digital video industry there," stated Meir Friedlander, CEO of Vsoft. "The agreement with Hoei Sangyo is Vsoft's first business relationship in Japan and gives us excellent access to Japanese broadcast studios and professional video production houses".
 
Vsoft's flagship VOD product, VideoClickÔ, is unique in its user-friendliness. VideoClickÔ is also the first VOD software product which is comprehensive and field-proven, and at the same time provides a video archival, retrieval and distribution network for entreprises. Customers use VideoClickÔ to store and display numerous different video movies for many users at the same time over an organization's network or over any Inernet broadband network.
 
"The agreement with Hoei is expected to lead to sales worth several million dollars over time", commented Ori Eizenberg, Triangle Technologies' project manager responsible for Vsoft's activities in Japan. "Triangle Technologies had cooperated with Hoei Sangyo on other video projects, and we have over the years developed a very high regard for Hoei Sangyo's deep professional expertise and reputation with Japan's leading broadcasters and studios, which have been Hoei Sangyo's customer's for many years."
 
Vsoft has 35 employees (17 in R&D) and a subsidiary in Boston. Vsoft's Video On Demand systems are installed in prestigious institutions such as Berkeley, MIT, etc. Vsoft's sales for 1998 were over $1.5 million.
 
Hoei Sangyo, with an annual turnover of over $130 million, is one of the leading distributors in Japan for hardware, software and recording media. It is an independent subsidiary of Nagase, a large Japanese trading organization with annual sales of $4.5 billion. Hoei Sangyo's major customers are the leading TV studios in Japan, major video studios, and professional production houses. "The agreement with Vsoft will strengthen our offering of equipment and software for broadcasting systems and production houses in Japan" says Mr. Mitsuo Yamamoto VP of Hoei Sangyo.
 
  Triangle Technologies is Israel's leading marketing and investment company active in Japan, and has offices in Ramat-Gan and Tokyo. Triangle's 13 employees specialize in software, multimedia, Internet, health care and biotechnology, and communications. Triangle has concluded 38 Israel-Japan business agreements, and has raised over $40 million in equity in 14 private placements. Triangle Technologies is a partner in JVP - Jerusalem Venture Partners, a $75 million communications and software fund with investors from the US, Europe, and Japan.
   
  For more information, please contact:
Amir Lewkowicz
Triangle Technologies
Tel: +972-3-575-8636
Fax: +972-3-575-8660
a_lewkowicz@triangletech.com






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