CAMPBELL, Calif., June 27, 2012 /PRNewswire/ -- Rainmaker Systems, Inc. (NASDAQ: RMKR), a leading global provider of B2B solutions that drive online sales and renewals for products, subscriptions and training for clients and their channel partners, today announced it has signed a new three-year agreement with a total value of $7 million over the full term, expanding its relationship with an existing major software client for B2B telesales services for the client's full product line within Latin America.
"We are excited to further expand our business with this client through this new B2B sales program, in which we displaced several of their existing vendors. We believe the proven success of our sales solutions has led to this newest opportunity to help them drive increased revenue within their small and medium-sized business markets," said Michael Silton, Rainmaker's CEO.
The Rainmaker B2B e-commerce suite is a simple, integrated, global solution that combines B2B focused technology with business process and sales expertise. The Rainmaker solution specializes in efficiently selling into its clients' hard to reach middle market. Many companies are working with multiple vendors or internal solutions that lack integration to support their global sales efforts, resulting in lost revenue opportunities. For more information on Rainmaker e-commerce solutions, visit http://www.rainmakersystems.com/solution.html.
Rainmaker Systems, Inc. is a leading global provider of B2B e-commerce solutions that drive online sales and renewal for products, subscriptions and training for our clients and their channel partners. Rainmaker provides these solutions on a consistent, global basis supporting multiple payment methods, currencies and language capabilities. For more information, visit http://www.rainmakersystems.com or call 800-631-1545.
NOTE: Rainmaker Systems, the Rainmaker logo, 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 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.