Rainmaker Signs Fortune 500 Mobile Telecommunications Company as New Client
for Contract Sales
CAMPBELL, Calif., Nov. 10 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc.
(Nasdaq: RMKR), a leading provider of sales and marketing solutions offering
hosted application software and execution services, today announced it has
signed an agreement for contract sales with a new client, a Fortune 500 mobile
telecommunications company.
Under the agreement, which has an initial term of one-year, Rainmaker will
deploy its SaaS on-demand platform and its sales and marketing services to
serve as the client's direct sales force to increase market share in the U.S.
business-to-business market. Rainmaker will support the client in developing
a sales pipeline.
In addition, Rainmaker will partner with the client's distribution partner to
offer U.S. businesses a suite of customized business mobility solutions
designed specifically for the B2B market. These phone, service and accessory
bundles enable the client to offer a solution to its business customers not
available through traditional retail and distribution channels.
Rainmaker CEO Michael Silton said, "We are delighted this new client has
chosen to engage us with this one-year contract sales program. Rainmaker was
selected based on our proven business-to-business and mobility revenue
generation experience, our integrated sales and marketing technology and our
unique pay-for-performance approach to revenue generation."
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 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.
Steve Valenzuela, Chief Financial Officer of Rainmaker Systems, Inc.,
+1-408-340-2560, stevev@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.
