After 25 years of business partnership with BMC Software, a US based Mainframe Software and Enterprise Platform Software manufacturer with an annual revenue of USD 2.5 billion, we have signed an exclusive distributorship agreement valid in the Turkish market. In this context, a subsidiary company named Disnet Teknoloji A.Ş. ("Disnet") was established and the distributorship agreement will be valid between October 1, 2024 and September 30, 2029.
In addition, an additional agreement was signed with BMC Software covering sales and revenue rights for 5 years. For the financing of this investment, a loan will be obtained from a private bank located in Turkey and 20% of the investment will be funded from equity. A loan agreement and collateral agreements will be signed between the private bank, our company and Disnet regarding the loan to be utilized.
The 5-year revenue expectation of this investment is estimated to be 50 million USD and it is aimed to make significant contributions to the growth of our company, to increase its market share in the technology sector in Turkey and to transform into a technology company that has a voice in the international market.
Within the scope of this agreement, in order to increase the international effectiveness of our company, the sales authorization area with BMC Software has been expanded; in this direction, sales rights have been obtained to cover 30 countries in the European Region and also in the United States of America.
We respectfully announce to all our stakeholders.