Stock Watch: Hewlett-Packard Contract Boosts Rainmaker

Rainmaker Systems, Inc. (Nasdaq: RMKR) picked up 3/8 to close at 2 1/4 Monday after the company, which provides targeted Internet-enabled sales and marketing services, said it landed a contract from Hewlett-Packard Co. (NYSE: HWP).

The Scotts Valley, California-based Rainmaker said Hewlett-Packard will use its Contract Renewals Plus services for selling and renewing some hardware service contracts. The company will offer contracts for printers, desktop PCs, Internet servers, workstations and monitors.

“Of the outsourcing agencies we researched, Rainmaker was the only company with specific expertise in contract renewals and sales, the broadest set of capabilities, the strongest interest and motivation, as well as the abilities to grow the segment,” said Dave Crist, vice president and general manager of HP’s North American services sales.

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