Rainmaker Announces Sale of Manila Call Center to Shore Solutions
CAMPBELL, CA -- (Marketwire) -- 12/21/12 -- Rainmaker Systems, Inc.
(NASDAQ: RMKR), a leading global cloud e-Commerce company, today
announced the sale of its Manila call center to Shore Solutions, Inc.
on December 17, 2012.
Rainmaker decided to divest its Manila call center, as the operation
no longer fits the long-term strategic plans of the company. For
continuity and continued reach in the region, part of the agreement
with Shore is to continue to utilize some of the key services we
"We embarked on the sale process earlier this year and are very
pleased to complete the sale of our Manila operations in the fourth
quarter," said Rainmaker Chief Financial Officer Timothy Burns. "The
sale will allow us to continue to hone our strategic focus on
maximizing SMB revenue for our clients with a leading e-Commerce
platform supported by global customer assist agents."
The sale will result in increased gross margins and have a positive
cash flow impact and is an important step in Rainmaker's tightening
focus on cloud e-Commerce enhanced by customer assist agents.
Rainmaker is an e-Commerce software company that helps multi-national
companies address the B2B market by maximizing sales revenue for
their products and services. The Rainmaker e-Commerce platform can be
enhanced with Rainmaker customer assist agents to maximize revenue
and customer satisfaction through the entire customer life cycle.
For more information, visit www.rainmakersystems.com or call
NOTE: Rainmaker Systems and the Rainmaker logo are registered with
the U.S. Patent and Trademark Office. All other service marks or
trademarks are the property of their respective owners.
Chief Financial Officer
Rainmaker Systems, Inc.
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