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Rainmaker Awarded Three-Year Agreement for Lead Development by Fortune 50 Global Hardware Client

Posted on: Tuesday, 17 March 2009, 05:30 CDT

Selected to support channel partners in the US

CAMPBELL, Calif., March 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 it has been awarded a three-year contract for lead development services by its current Fortune 50 global hardware client. This agreement represents an expansion of Rainmaker's relationship with this client and displaces several existing vendors who have provided these services to this client in the past.

Under the agreement, Rainmaker will provide qualified leads and support to the clients' channel partners in the US, including outbound telemarketing services to generate demand for marketing campaigns, driving increased sales by setting appointments with prospects for the client's channel partners and ensuring a favorable customer experience for its customers.

Rainmaker CEO Michael Silton commented, "We are delighted to expand our relationship with this long-term client to include lead development services. The award of this agreement, which displaces several of the client's existing vendors, reflects our market leadership and the client's recognition of the quality of our programs and process that differentiate our service offerings and execution capabilities. Rainmaker's lead development solution is a fully integrated combination of technology, data and execution capabilities with a proven track record of success in helping companies 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 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 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 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, 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.

Source: PR Newswire

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