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Rainmaker Expands Relationship With its Fortune 50 Hardware Client to Deploy Hosted Channel Contract Sales Solution
Jun 19, 2007 (06:06 AM EDT)
CAMPBELL, Calif., June 19 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. , a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced that the current agreement with its Fortune 50 Hardware Client has been expanded to include a comprehensive resale channel contract sales solution supported by Rainmaker's hosted technology.
Rainmaker has supported renewals for this global leader since 2000, and in 2006, the Master Service Agreement with this Client was extended and expanded into 2010 to include a portion of their major accounts business segment. In March 2007, this Client also extended its existing agreement for lead development services for an additional 18-month term.
Under the terms of the new amended agreement, Rainmaker will assist the Client in facilitating sales activities associated with renewing and attaching Post Warranty services for the Client's products sold by selected Resale Channel participants throughout North America.
The Resale Channel participants will include resellers with large volume agreements with this Client. Rainmaker will provide data management, direct marketing, training, reporting, and associated business support services for the program.
Rainmaker will also deploy its Client-branded portal technology for Resale Channel participants to review data regarding customer information, warranty expirations, and service options, and will provide user training via its ViewCentral(TM) hosted technology for the Client's employees and Resale Channel participants in its rollout.
"Adding the new hosted channel contract sales solution to our ever expanding service offering for this Client was enabled by our long-term track record of consistently delivering revenue and results," said Michael Silton, Rainmaker's CEO. "Rainmaker's hosted technology solution enables our Client to empower their Channel Partners' success, and represents a tremendous opportunity to revolutionize channel multi-tiered business interactions as we know it today".
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 http://www.rmkr.com or call 800-631-1545.
NOTE: Rainmaker Systems, the Rainmaker logo, Sunset Direct and Contract Renewals Plus 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, 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.
CONTACT: Carmela Wong, Vice President, Marketing, Rainmaker Systems, Inc., firstname.lastname@example.org+1-408-626-2418, ; or Todd Kehrli or Jim Byers,Investor Relations of MKR Group, Inc., +1-323-468-2300, ,both for Rainmaker Systems, Inc.
Web site: http://www.rmkr.com/