Rainmaker Signs Expansion for Lead Development With Existing Fortune 50 Global Software Client

CAMPBELL, Calif., Nov. 17 /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 its current Fortune 50 Global Software Client has awarded an expansion of its existing lead development agreement to include demand generation in North America.

Under the agreement, Rainmaker will provide outbound telemarketing services to generate demand for marketing campaigns, drive increased sales by setting appointments with prospects for the client's field sales representatives and ensure a favorable customer experience for end-customers. Rainmaker has had an existing long-term relationship with this software company and serves as a preferred vendor. The expanded agreement is for a one-year term and expands Rainmaker's relationship with this client to include demand generation.

Rainmaker CEO Michael Silton commented, "We are delighted this client has awarded an expansion of our long term partnership and selected Rainmaker to support their Event Recruitment business, displacing one of their current private company vendors. Rainmaker was selected as a high value team member with a proven track record of success as a provider of both contract sales and lead development services and solutions. As our clients increasingly focus on efficiency and return on investment, we are pleased that they recognize the compelling value proposition of our integrated global, web-enabled solutions and execution capabilities to help them meet their revenue targets."

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 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 they 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 general market conditions, unfavorable 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 client concentration given that we are currently dependent on a few significant 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 and/or realignment of some client relationships, 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.