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News Breaks | | | | January 25, 2013 | | 16:04 EDT |  | RMKR | Rainmaker Systems to expand UK-based services
Rainmaker Systems announced that it is expanding its UK-based Global Commerce Services as part of an internal shift in corporate resources previously allocated to Rainmaker's Austin, Texas, facility, which the company expects to wind down within three months. The shift in resources follows last week's announcement that all of the company's Austin-based finance operations were to migrate to Rainmaker's Silicon Valley headquarters in Campbell, CA, under incoming CFO Mallorie Burak. Rainmaker expects that, after the resource shift is completed in three months, annual savings benefiting operating income will total approximately $750,000. Rainmaker intends to provide detail about these actions and its entire 2013 growth initiative in its Q4 earnings announcement and investor call, to be conducted before the end of the current quarter. | |
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