Rainmaker Systems Files Registration Statement for Initial Public Offering

Business Wire, Oct 18, 1999

SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Oct. 18, 1999--

Rainmaker Systems, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 5,000,000 shares of its common stock.

The Company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares solely to cover over-allotments, if any. The offering price is anticipated to be between $8.00 and $10.00 per share. All of the 5,000,000 shares being offered are being sold by Rainmaker Systems. The offering will be managed by Donaldson, Lufkin & Jenrette, Thomas Weisel Partners LLC, and SG Cowen Securities Corporation.

Rainmaker provides Customer Relationship Management (CRM) services to software and other technology companies. The Company designs and implements sophisticated sales, marketing and other customer relationship services using the Internet and other communications channels to sell an renew software subscriptions, support and service contracts, training services, licenses and upgrades.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

Copies of the preliminary prospectus will be available from Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, NY 10172, Thomas Weisel Partners, One Montgomery Street, Suite 3700, San Francisco, CA 94104, and from SG Cowen Securities Corporation, One Financial Square, 27th, Floor New, York, NY 10005.