Rainmaker Signs Fortune 500 Mobile Telecommunications Company as New Client for Contract Sales

November 10, 2009 6:30 AM EST

CAMPBELL, Calif., Nov. 10 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. (Nasdaq: RMKR), a leading provider of sales and marketing solutions offering hosted application software and execution services, today announced it has signed an agreement for contract sales with a new client, a Fortune 500 mobile telecommunications company.

Under the agreement, which has an initial term of one-year, Rainmaker will deploy its SaaS on-demand platform and its sales and marketing services to serve as the client's direct sales force to increase market share in the U.S. business-to-business market. Rainmaker will support the client in developing a sales pipeline.

In addition, Rainmaker will partner with the client's distribution partner to offer U.S. businesses a suite of customized business mobility solutions designed specifically for the B2B market. These phone, service and accessory bundles enable the client to offer a solution to its business customers not available through traditional retail and distribution channels.

Rainmaker CEO Michael Silton said, "We are delighted this new client has chosen to engage us with this one-year contract sales program. Rainmaker was selected based on our proven business-to-business and mobility revenue generation experience, our integrated sales and marketing technology and our unique pay-for-performance approach to revenue generation."

About Rainmaker

Rainmaker Systems, Inc. delivers sales and marketing solutions, offering 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 our client concentration as we depend on a small number of clients for a significant percentage of our revenue, the possibility of the discontinuation and/or realignment of some client relationships, 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 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, 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.

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