Rainmaker Awarded Two-Year Agreement for Contract Sales in Canada by Fortune 50 Hardware Client
Poster: SySAdmin
Posted on March 23, 2010 at 5:35:01 AM
Rainmaker Awarded Two-Year Agreement for Contract Sales in Canada by Fortune 50 Hardware Client
New agreement represents expansion of successful program in the US
CAMPBELL, Calif., March 23 -- Rainmaker Systems, Inc. (NASDAQ:RMKR), a leading provider of sales and marketing solutions offering SaaS application software and execution services, today announced it has been awarded a new two-year agreement by its Fortune 50 Hardware client to deploy its hosted channel contract sales solution in Canada, representing an expansion of its successful program for this client in the US.
Rainmaker's CEO Michael Silton commented, "Based on the success of our hosted channel contract sales program for this client in the US, they have now further expanded the program to include a new geography, Canada. We believe the award of this expansion reflects the value of our integrated technology and global execution capabilities and proven results in facilitating channel partner sales to help maximize contract renewal revenue."
About Rainmaker
Rainmaker Systems, Inc. delivers sales and marketing solutions, offering hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery Platform(SM) combines proprietary, on-demand application software and advanced analytics with specialized sales and marketing execution services. Rainmaker clients include large enterprises in a range of industries, including computer hardware and software, telecommunications, and financial services industries. For more information, visit http://www.rmkr.com or call 800-631-1545.
NOTE: Rainmaker Systems, the Rainmaker logo, and Sunset Direct are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.
This press release contains forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker as of this date and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance, and actual results could differ materially from current expectations. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are our client concentration as we depend on a small number of clients for a significant percentage of our revenue, the possibility of the discontinuation and/or realignment of some client relationships, general market conditions, the current very difficult macro-economic environment and its impact on our business as our clients are reducing their overall marketing spending and our clients' customers are reducing their purchase of services contracts, the high degree of uncertainty and our limited visibility due to economic conditions, our ability to execute our business strategy, our ability to integrate acquisitions without disruption to our business, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a calendar year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our ability to expand our channel hosted contract solution and drive adoption of this solution by resellers, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, and the financial condition of our clients' businesses, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q.
Source: Rainmaker Systems, Inc.
CONTACT: Steve Valenzuela, Chief Financial Officer of Rainmaker Systems,
Inc., +1-408-340-2560, steve@rmkr.com; or Todd Kehrli or Jim Byers, Investor
Relations of MKR Group, Inc., +1-323-468-2300, rmkr@mkr-group.com, for
Rainmaker Systems, Inc.
Web Site: http://www.rmkr.com/
New agreement represents expansion of successful program in the US
CAMPBELL, Calif., March 23 -- Rainmaker Systems, Inc. (NASDAQ:RMKR), a leading provider of sales and marketing solutions offering SaaS application software and execution services, today announced it has been awarded a new two-year agreement by its Fortune 50 Hardware client to deploy its hosted channel contract sales solution in Canada, representing an expansion of its successful program for this client in the US.
Rainmaker's CEO Michael Silton commented, "Based on the success of our hosted channel contract sales program for this client in the US, they have now further expanded the program to include a new geography, Canada. We believe the award of this expansion reflects the value of our integrated technology and global execution capabilities and proven results in facilitating channel partner sales to help maximize contract renewal revenue."
About Rainmaker
Rainmaker Systems, Inc. delivers sales and marketing solutions, offering hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery Platform(SM) combines proprietary, on-demand application software and advanced analytics with specialized sales and marketing execution services. Rainmaker clients include large enterprises in a range of industries, including computer hardware and software, telecommunications, and financial services industries. For more information, visit http://www.rmkr.com or call 800-631-1545.
NOTE: Rainmaker Systems, the Rainmaker logo, and Sunset Direct are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.
This press release contains forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker as of this date and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance, and actual results could differ materially from current expectations. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are our client concentration as we depend on a small number of clients for a significant percentage of our revenue, the possibility of the discontinuation and/or realignment of some client relationships, general market conditions, the current very difficult macro-economic environment and its impact on our business as our clients are reducing their overall marketing spending and our clients' customers are reducing their purchase of services contracts, the high degree of uncertainty and our limited visibility due to economic conditions, our ability to execute our business strategy, our ability to integrate acquisitions without disruption to our business, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a calendar year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our ability to expand our channel hosted contract solution and drive adoption of this solution by resellers, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, and the financial condition of our clients' businesses, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q.
Source: Rainmaker Systems, Inc.
CONTACT: Steve Valenzuela, Chief Financial Officer of Rainmaker Systems,
Inc., +1-408-340-2560, steve@rmkr.com; or Todd Kehrli or Jim Byers, Investor
Relations of MKR Group, Inc., +1-323-468-2300, rmkr@mkr-group.com, for
Rainmaker Systems, Inc.
Web Site: http://www.rmkr.com/