CAMPBELL, CA--(Marketwired - Apr 23, 2013) - Rainmaker Systems, Inc. (NASDAQ: RMKR), a leading global cloud platform company, today announced that four new clients are now using the Rainmaker ViewCentral Learning Management Platform to automate time-consuming manual training administration, maximize training participation, and generate more revenue from their global training programs.
The Rainmaker ViewCentral LMS platform is a SaaS cloud based on-demand training management system, available 24x7 with no software installation. This self-service platform is highly configurable, so customers can use just the modules they need, branded the way they choose. Typical implementation time is between three and five weeks. Designed specifically to automate time-consuming manual administration and maximize training participation, the ViewCentral suite contains tools for before, during and after course delivery.
"We are happy to welcome HP, Hyland Software, NPSA and Swiftpage as new clients for our ViewCentral LMS platform," said David Guercio, Rainmaker's Vice President of Business Development. "By automating time-consuming administrative tasks, our customers can manage the business side of training as efficiently and effectively as they manage the educational side, and receive the maximum return on their training programs investment," he added.
The contracts for the four new customers range from 12- to 60-month licenses with a total combined value of approximately $2 million all of which are non-cancellable and will be pre-paid.
Hyland Software Inc. is the developer of the enterprise content management (ECM) and process management software suite called OnBase. Applications of the suite are used by different industries, primariliy healthcare, financial institutions, insurance, government, higher education and manufacturing. www.hyland.com
NPSA, Inc., formerly known as Sage Nonprofit Solutions, has been serving nonprofit and governmental organizations throughout North America for more than 30 years. Its product categories include fund accounting, donor and fundraising management, and grant management as well as online donation processing, human resources (HR), payroll, and fixed asset management. http://na.sage.com/sage-nonprofit-solutions
Swiftpage provides digital marketing and CRM solutions and innovative whitelabeled small business marketing services such as email marketing, social media sharing, contact management and industry-unique lead qualifier tools that are designed to make small business marketing easier. http://www.swiftpage.com/
Rainmaker Systems, Inc. (NASDAQ: RMKR) is a Commerce-as-a-Service (CaaS) company that helps large enterprises gain greater market share and increased brand awareness for cloud-based or on-premise based product offerings in the worldwide SMB market. Rainmaker does this with an advanced e-Commerce open architecture SaaS platform that easily integrates cloud-based applications and on-premise applications with its Global Commerce Services to provide its clients with a strategic partnership.
The Rainmaker ViewCentral Learning Management Platform is a SaaS cloud based on-demand training management system, designed specifically to automate time-consuming manual administration and maximize training participation. The ViewCentral Platform seamlessly manages training across all delivery methods via our suite of products; Classroom, vClassroom, eLearning and Replay.
Safe Harbor Statement
This press release may contain forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker as of this date and the company assumes 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 factors that could cause actual results to differ materially from those in the forward-looking statements are client concentration, as the company depends on a small number of clients for a significant percentage of its 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 Rainmaker's business, as clients are reducing their overall marketing spending and their customers are reducing their purchase of service contracts; market acceptance of our service programs and pricing options; the financial condition of our clients' businesses and other factors detailed the company's filings with the Securities and Exchange Commission (SEC), includinig our filings on forms 10-K and 10-Q.
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