Rainmaker Announces Availability of Its Next Generation ViewCentral Learning & Event Management Solution
Campbell, CA, February 03, 2010 --(PR.com)-- Rainmaker Systems, Inc. (NASDAQ: RMKR), a leading provider of sales and marketing solutions offering hosted application software and execution services, today announced the general availability of its next generation ViewCentral 6.5 SaaS Learning & Event Management (LMS) Solution for revenue and webinar/event management.
With this release Rainmaker continues to enhance its open, secure and scalable SaaS application architecture via integration with Salesforce CRM, availability on Salesforce AppExchange and secure FTP and encryption support. Integration of ViewCentral with salesforce.com CRM shows a real-time 360-degree view of customer and partner training and webinar/event activity to salesforce.com users, providing opportunities to sell additional training and product offerings, accelerating revenue generation. The ViewCentral Salesforce.com CRM connector is available via AppExchange at https://sites.secure.force.com/appexchange/listingDetail?listingId=a0N30000001t3JtEAI.
This release also includes enhancements to the industry’s first revenue recognition functionality for training services. Initially introduces in August in version 6.0 this enhancement further extends ViewCentral’s lead in helping training and education companies and department track and grow their revenue. The amortization and bundle revenue recognition tracking enhancements help customers manage the complexity of maintaining financial compliance.
Rainmaker CEO Michael Silton said, "We are excited about ViewCentral's 6.5 release. ViewCentral continues our commitment to support the education and training eCommerce initiatives of our customers and continues to push the boundaries of LMS for revenue generation to enable the success and profitability of our clients."
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 PlatformSM 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.
Contact:
Steve Valenzuela Todd Kehrli or Jim Byers
Chief Financial Officer Investor Relations
Rainmaker Systems, Inc. MKR Group, Inc.
(408) 340-2560 (323) 468-2300
steve@rmkr.com rmkr@mkr-group.com
###
With this release Rainmaker continues to enhance its open, secure and scalable SaaS application architecture via integration with Salesforce CRM, availability on Salesforce AppExchange and secure FTP and encryption support. Integration of ViewCentral with salesforce.com CRM shows a real-time 360-degree view of customer and partner training and webinar/event activity to salesforce.com users, providing opportunities to sell additional training and product offerings, accelerating revenue generation. The ViewCentral Salesforce.com CRM connector is available via AppExchange at https://sites.secure.force.com/appexchange/listingDetail?listingId=a0N30000001t3JtEAI.
This release also includes enhancements to the industry’s first revenue recognition functionality for training services. Initially introduces in August in version 6.0 this enhancement further extends ViewCentral’s lead in helping training and education companies and department track and grow their revenue. The amortization and bundle revenue recognition tracking enhancements help customers manage the complexity of maintaining financial compliance.
Rainmaker CEO Michael Silton said, "We are excited about ViewCentral's 6.5 release. ViewCentral continues our commitment to support the education and training eCommerce initiatives of our customers and continues to push the boundaries of LMS for revenue generation to enable the success and profitability of our clients."
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 PlatformSM 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.
Contact:
Steve Valenzuela Todd Kehrli or Jim Byers
Chief Financial Officer Investor Relations
Rainmaker Systems, Inc. MKR Group, Inc.
(408) 340-2560 (323) 468-2300
steve@rmkr.com rmkr@mkr-group.com
###
Contact
Rainmaker Systems
Krupa Singampalli
800.631.1545
www.viewcentral.com
Krupa Singampalli
800.631.1545
www.viewcentral.com
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