Rainmaker Systems (RMKR) Enters Into Three-Year SOW Agreement with Microsoft (MSFT)

September 27, 2010 2:51 PM EDT
Rainmaker Systems, Inc (Nasdaq: RMKR) announced that they have entered into a Statement of Work under its Vendor Services Agreement with Microsoft (Nasdaq: MSFT) under which the company will provide global telesales and chat sales services to Microsoft.

The SOW covers geographies in the Americas, EMEA and the Asia-Pacific region. The SOW provides for the purchase by Microsoft of minimum service volumes. The SOW is effective as of September 20, 2010 with the launch of services by the Company expected to begin November 1, 2010. The agreement provides for annual renewal options after the initial three-year term, unless earlier terminated in accordance with its terms. The SOW may not be terminated in the first four months of the initial 3-year term, except for nonperformance, and thereafter may be terminated upon 30 days notice subsequent to this four month minimum term.

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