Rainmaker Systems, Inc. (OTCQB: RMKR), a leading provider of external, for-profit based learning management solutions, reports a multi-year renewal contract for its ViewCentral extended enterprise learning management solution. Hyland, a leading provider of enterprise content management (ECM) software designed to help organizations streamline processes and share information among employees, partners, and customers, has renewed their 2 year agreement for ViewCentral LMS. Under the terms of the contract, ViewCentral will continue to provide the foundation for delivery and management of Hyland's global training courses and certification programs. "ViewCentral provides a robust customer training course and registration repository. With ViewCentral handling the administration and registration components, we can focus on building a seamless user experience for our customers and partners," said Matt Discenzo, Global Education Services Manager for Hyland. As a cloud offering, ViewCentral allows Hyland personnel to spend their time building content and developing our solutions without requiring resources to administer and support the solution. "Rainmaker truly listens to our needs and approaches every conversation as a true partner. It's been tremendous working with them and we are excited to continue our collaboration," Discenzo said. Terry Lydon, Chief Executive Officer of Rainmaker Systems, commented, "We are very pleased that Hyland Software has renewed their multi-year agreement for our ViewCental learning management system. Hyland's renewal demonstrates that our long-term customers continue to find value in our proven LMS solution, deep expertise, and our high quality service, which facilitates their overall business and revenue growth." For more information on Rainmaker Systems' ViewCentral product, please visit www.viewcentral.com. About Hyland, creator of OnBase For over 20 years, Hyland, creator of OnBase, has helped our more than 13,000 lifetime customers by providing real-world solutions to everyday business challenges. That dedication is why year after year Hyland realizes double-digit growth and our customers recognize the value of our partnership. Named one of Fortune's 2014 Best Companies to Work For®, Hyland continues to thrive and develop one of the most flexible and comprehensive enterprise content management (ECM) solutions available. For more information, please visit OnBase.com. About Rainmaker Systems, Inc. Rainmaker Systems is a learning management solution provider to organizations of all size across the technology, financial services, biosciences, human resources, and consulting industries, among others. Rainmaker's ViewCentral Learning Management System (LMS) allows organizations to monetize and facilitate the delivery of training and certification programs, enabling them to capture both incremental and recurring revenue from subscriptions-based offerings. Rainmaker Systems is headquartered in Campbell, Calif. For more information, please visit www.viewcentral.com. Rainmaker Systems trades in the U.S. on the OTCQB marketplace under the symbol "RMKR."
Safe Harbor StatementThis press release contains forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker Systems 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 ability to raise additional capital to meet our operating requirements, our ability to maintain compliance with our debt covenants, our ability to reduce our losses and achieve profitability, 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 high degree of uncertainty and our limited visibility due to economic conditions, our ability to execute our business strategy, 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 manage growth, potential competition in the marketplace, our ability to retain and attract employees, market acceptance of our solutions and pricing options, our ability to maintain our existing software technology and to deploy new technology, our ability to sign new clients and control expenses, the financial condition of our clients' businesses, the protection of our intellectual property and other factors detailed in the Company's filings with the Securities and Exchange Commission ("SEC"), including our filings on Forms 10-K and 10-Q.