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Rainmaker Systems, Inc. (RMKR) Awarded Two Contract Extensions for Global B2B e-Commerce Sales

|Includes: Rainmaker Systems, Inc. (VCTL)

Located in Campbell, California, Rainmaker has quickly earned a reputation as a leading global provider of B2B e-commerce solutions that are the driving force for online sales and renewal of products. Today, Rainmaker took a major step towards cementing their reputation on Wall Street with the announcement they have been awarded two different one-year contract extensions by global B2B e-commerce clients.

The first client is a leading global infrastructure company that provides independent data integration software on premise or in the cloud. This company extended Rainmaker’s current B2B SaaS agreement to drive online sales revenues from their existing global customer and partner base. This new contract will expire in December 2012.

The second client is a leading provider of enterprise resource planning software and solutions. This contract extension will expire in January 2013.

Leading the way at Rainmaker is Michael Silton whom serves as the company’s CEO. In reference to the potential effect of these contracts, Silton stated, “Our modern SaaS approach to e-commerce puts control in the hands of our clients and our unique B2B capabilities allow them to effectively increase revenue. These contracts reflect our proven ability to provide value for our clients on a global basis.”

Currently, Rainmaker is trading in the $0.79 range. To learn more about the company as a whole, visit their corporate website at rainmakersystems.com

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