Rainmaker Extends Agreement With Major CRM and Business Management Software Client for Training Sales

Thu Oct 9, 6:30 AM

Rainmaker's ViewCentral Platform Provides Webinar and Event Management Support

CAMPBELL, Calif., Oct. 9 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. (Nasdaq: RMKR), a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced that Sage Software, a major CRM and Business Software client, has awarded a three year extension of its training sales services agreement to support its online training efforts in North America.

Sage Software has been leveraging Rainmaker's ViewCentral(TM) on-demand platform for Training sales, webinar and event management support. The ViewCentral platform is a fully-hosted, online software application that supports all aspects of live and virtual training programs and events including scheduling, advertising, registration, payments, follow-up communications and reporting needs.

Rainmaker's CEO Michael Silton commented, "ViewCentral is a key part of our global SaaS strategy and service delivery model. We are pleased that this client has awarded Rainmaker a three year extension of our relationship and we look forward to our continued partnership in supporting their event management and training sales initiatives."

About Rainmaker

Rainmaker Systems, Inc. delivers sales and marketing solutions, combining hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery PlatformSM 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 are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company and its subsidiaries. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, unfavorable economic conditions, our ability to execute our business strategy, our ability to integrate acquisitions and expand our operations 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 client concentration given that the Company remains dependent on a few large client relationships, 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, the possibility of the discontinuation of some client relationships, the financial condition of our clients' business 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.