Hyland, Creator of OnBase, Signs Multi-Year Contract Renewal for ViewCentral Learning Management System (LMS)
February 24 2015 - 7:00AM
Business Wire
ViewCentral LMS Renewed for Ability to Handle
Complex Global Transactions, Reliability and Superior Customer
Service
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 Statement
This 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.
Rainmaker Systems, Inc.Brenda Chastaine, 408-340-2471Marketing
Programs Managerbchastaine@viewcentral.com
Rainmaker Systems (CE) (USOTC:VCTL)
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