CAMPBELL, Calif., July 8 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. (NASDAQ:RMKR), a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced two key appointments to its executive management team. Mark de la Vega has been named Senior Vice President, Products and Seth Romanow has been named Vice President, Chief Marketing Officer.
Rainmaker's CEO Michael Silton commented, "We continue to strengthen the expertise and depth of our executive management to better support our increasing global scale. Mark and Seth bring significant experience to these positions including substantial expertise with large, international companies. They will be a tremendous asset to our team as we continue to expand our global capabilities and address the significant opportunities ahead." As Senior Vice President, Products, Mr. de la Vega is responsible for defining, developing and delivering a world-class revenue delivery platform for Rainmaker's customers. He brings extensive experience managing worldwide software and product development organizations, including product marketing, product management, development, quality assurance, professional services, and customer support.
Mr. de la Vega commented, "I'm very excited about the tremendous opportunities we have at Rainmaker to deliver even more value to our customers with our industry leading technology and solutions. I look forward to working with our world class engineering teams to develop new and important features and capabilities to meet the growing requirements of customers worldwide." Prior to joining Rainmaker, Mr. de la Vega served as Executive VP & General Manager, On-Demand Division, of TeleTech Holdings, Inc, directing CRM SaaS solutions. After a distinguished product development leadership career at Nortel and Amdocs, he was named President of the Amdocs Clarify/CRM Division in 2003. He began his career managing software and technology at Bay Networks, Cisco Systems, Novell, Network General, Network Systems and British Telecom. Mr. de la Vega received a Bachelor of Science Degree in Business Administration with an Emphasis in Marketing from San Jose State University and an Associate of Arts Degree in Business Administration from San Diego Mesa College.
In the position of Chief Marketing Officer, Seth Romanow is responsible for managing all Rainmaker client and corporate marketing efforts, including helping Rainmaker customers achieve their revenue goals through effective integrated marketing programs. His background includes more than 20 years of broad marketing experience in relationship and online marketing, advertising, branding, marketing operations, data management and analytics. He is also a founding member and President of the Web Analytics Association.
"Rainmaker has a great track record for delivering results for its customers," said Mr. Romanow. "It's an exciting time to be part of the team as we expand our global presence, move into new market areas and enhance our revenue delivery platform and solution offerings. The opportunities for growth are tremendous." Prior to joining Rainmaker, Mr. Romanow led the Customer Intelligence Platforms organization at Microsoft. Prior to that, he served as a Global Account lead at Wunderman/Y&R, where he was responsible for managing the worldwide relationship marketing activities on behalf of Microsoft's Server and Tools business group.
Mr. Romanow has also held a number of marketing leadership positions in prominent companies, including Hewlett-Packard, where he was Director of Worldwide Customer Knowledge Management and Analytics. He has also held senior positions at EuroRSCG, BatesUSA and BBDO, and managing client relationships and marketing programs with well-known brands such as Apple, Intel, Sprint and the US Navy. Mr. Romanow received his MBA from New York University Stern School of Business and is a graduate of Occidental College, Los Angeles.
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 Platform(SM) 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 http://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.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company and its subsidiaries. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. 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 and expand our operations 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 the Company remains dependent on a few large client relationships, our ability to expand our channel hosted contract solution and drive adoption of this solution by resellers, 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 of some client relationships, the financial condition of our clients' business 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. DATASOURCE: Rainmaker Systems, Inc.
CONTACT: Steve Valenzuela, Chief Financial Officer of Rainmaker Systems, Inc., +1-408-626-2439, ; or Investor Relations, Todd Kehrli or Jim Byers, both of MKR Group, Inc., +1-323-468-2300, , for Rainmaker Systems, Inc.
Web site: http://www.rmkr.com/
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