Campbell, Calif. – January 9, 2008 – Rainmaker Systems, Inc. (NASDAQ: RMKR), a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced it has signed a contract with Magma(R) Design Automation Inc. (NASDAQ: LAVA) - a provider of electronic design automation (EDA) products to the world's major semiconductor manufacturers - to deploy its ViewCentral™ Classroom and vClassroom Learning Management Services (LMS) platform for the company's customers and employees.
Rainmaker's VC Classroom, vClassroom and eLearning platforms will be deployed to drive online registration and help increase attendance for Magma's face-to-face on-site training events, on-demand and live, instructor-led virtual courses and events.
The ViewCentral platform is a fully-hosted, online software application that supports all aspects of live and virtual training programs and events including scheduling, advertising, registration, payments, follow-up communications and reporting needs.
"We've been searching for a management system to automate our registrations, communications, and delivery styles for customer and employee events," said William Piexoto, Magma's Training Department Manager. "Rainmaker's ViewCentral platform is precisely what we've been looking for as a management system with a full complement of reporting and record keeping capabilities."
Rainmaker's Web-based solution also includes a Magma-branded, self-service registration facility to fully automate registration, enabling attendees to self-register any time of the day or night and automatically receive online confirmation, meeting information and reminders. Registrants are also able to sync directly to their personal Microsoft Outlook calendars.
"Our ViewCentral platform is specifically designed to help clients improve productivity and shorten training cycles for their customers, partners and employees," said Michael Silton, Rainmaker's CEO. "We are pleased that Magma recognizes the value ViewCentral delivers to the bottom line and has selected us to help boost enrollment, increase revenue and control administrative costs for their training events."
About Magma
Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, Wi-Fi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve"™ while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on NASDAQ under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.
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About Rainmaker
Rainmaker Systems, Inc. delivers sales and marketing solutions, combining 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, Sunset Direct and Contract Renewals Plus 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 they 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 general market conditions, unfavorable 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 client concentration given that we are currently dependent on a few significant client relationships, 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, the possibility of the discontinuation and/or realignment of some client relationships, 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.
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