Incredimail 2014 Annual Report Download - page 39

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C. ORGANIZATIONAL STRUCTURE
ClientConnect Ltd., our wholly owned Israeli subsidiary, owns all of the outstanding shares of common stock of ClientConnect, Inc., a
Delaware corporation, and all of the outstanding ordinary shares of ClientConnect B.V., a Netherlands company.
IncrediMail, Inc., our wholly-
owned Delaware subsidiary, owns all of the outstanding shares of common stock of Smilebox Inc., a
Washington corporation, and all of the outstanding equity of Grow Mobile LLC., a Delaware corporation.
SweetIM Ltd., our wholly-
owned Belize subsidiary, owns all of the outstanding ordinary shares of SweetIM Technologies Ltd., an
Israeli company.
Make Me Reach SAS, our wholly owned French subsidiary, was acquired in February 2015.
D. PROPERTY, PLANTS AND EQUIPMENT
We occupy five leased facilities, one located in Holon, Israel, three located in the United States (one in Redmond, Washington, and two
in San Francisco, California) and one located in Paris, France.
The lease of our headquarters in Holon covers a total area of 101,500 square feet and expires in 2024, with an option to extend for two
additional two-
year periods. Annual cost is approximately $3.0 million. As part of our restructuring plan, we are currently negotiating to sub
lease 33,820 square feet for the remaining lease period.
The lease in Redmond covers a total area of 8,300 square feet, with an annual cost of approximately $0.3 million, and expires in 2015,
with an option to extend for another 2 to 5 years. One lease in San Francisco covers a total area of approximately 4,650 square feet, with an
annual cost of approximately $0.4 million, and expires in 2019. Our other lease in San Francisco, which we have recently vacated and are
currently subleasing, covers a total area of approximately 3,840 square feet, with an annual cost of approximately $0.2 million, and expires in
July 2016.
The lease in Paris covers a total area of approximately 5,000 square feet, with an annual cost of approximately $0.2, and expires in
October 2017.
We believe that our current facilities are more than adequate to meet our current needs, and we believe that suitable additional space
will be available as needed to accommodate ongoing operations and any such growth.
We own approximately 700 servers located in Israel, Europe and the United States. We also rent the services of approximately 260
additional servers located around the world, mainly through Amazon Web Services. Our servers include mainly web servers, application
servers, data collection servers, data storage servers, data processing servers, mail servers and database servers. Bezeq and Cellcom Israel Ltd.
provide our Internet and related telecommunications services in Israel, including hosting and co-
location facilities, needed to operate our
websites. Bezeq is Israel’s largest provider of such services and is a member of Bezeq Group, Israel’
s incumbent national telecommunications
provider. In the United States CenturyLink, and in Europe Evoswitch, are our co-
location providers. Our Internet Service Providers ("ISPs") are
CenturyLink, NTT Communication, Level3 Communication and Colt. Bezeq and Cellcom are the two largest providers of such services in
Israel. All other ISPs are tier-1 worldwide providers in this area. All co-
location and telecommunication services are provided through standard
purchase orders and invoices. We add servers and expand our systems located at their facilities as our operations require. We believe there are
many alternative providers of these services both within and outside of Israel.
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