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Rimini Street, Inc., established in 2005, is a pioneering independent provider of enterprise software support services. The company specializes in offering third-party support for Oracle and SAP enterprise software, significantly reducing annual support fees by 50% compared to traditional support programs. Rimini Street’s support services are not only cost-effective but also award-winning, making them a preferred choice for organizations looking to optimize their IT budgets without compromising service quality.
Rimini Street’s comprehensive support solutions enable clients to efficiently run, manage, support, customize, configure, connect, protect, monitor, and optimize their enterprise applications, databases, and technology software platforms. The company’s product portfolio includes support for Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite, among others.
The company is widely recognized by clients and industry analysts such as Gartner, Forrester, and Nucleus for its leadership in a rapidly growing market. Rimini Street has an impressive client base nearing 1,000 clients, showcasing its accelerating growth and strong market presence. The company has also been acknowledged in various industry recognitions, including being named to CIO UK’s “20 Companies to Watch in 2012” hotlist.
With a solid value proposition that resonates with CIOs and CFOs, particularly in an environment of tight IT budgets and flat global economic growth, Rimini Street provides proven methods to cut costs while enhancing service levels. This unique positioning creates a significant market opportunity with tens of thousands of qualified target prospects.
Rimini Street’s financial health is bolstered by its growing client base and revenue streams, predominantly derived from the United States. The company continues to expand its market reach and enhance its service offerings, making it a formidable player in the enterprise software support industry.
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products, announces participation in a fireside chat with Cowen analyst Derrick Wood on June 2, 2022, at 10:50 a.m. Eastern Time in New York. CEO Seth A. Ravin and CFO Michael L. Perica will discuss the company’s strategies and offerings, particularly in the realm of third-party support for Oracle and SAP software. The chat will be accessible live via a link, and available for 90 days post-event. Rimini Street supports over 4,700 organizations globally, helping them reduce costs and enhance business outcomes.
Rimini Street, Inc. (Nasdaq: RMNI), a top provider of enterprise software support, will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1. CEO Seth A. Ravin, CFO Michael L. Perica, and VP of Investor Relations Dean Pohl are scheduled for one-on-one and small group meetings with investors. Rimini Street specializes in third-party support for Oracle and SAP products, helping enterprises reduce costs and enhance business outcomes. The company serves nearly 4,700 organizations worldwide.
Rimini Street, Inc. (Nasdaq: RMNI) has signed an agreement with Lwart Soluções Ambientais, a leading Latin American oil recycler, to provide support for its SAP ECC 6.0 environment. This partnership allows Lwart to optimize its ERP operations and focus on strategic business goals without mandatory upgrades. Rimini Street’s services include tax and regulatory compliance, enabling Lwart to enhance operational efficiency and invest in innovation. The company aims to reach $1B in annual revenue by 2026, showcasing a commitment to long-term growth.
Rimini Street, Inc. (NASDAQ: RMNI) has partnered with AllianceCorp Manufacturing Holdings (ACM) to enhance its SAP S/4HANA software support. This collaboration allows ACM to focus on innovation and pursue new opportunities in sectors like electric vehicles and robotics. By leveraging Rimini Street's expertise, ACM aims to achieve greater business agility while maximizing return on its ERP investment. Rimini Street is targeting $1B in annual revenue by 2026.
Rimini Street, Inc. (NASDAQ: RMNI) will present at the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 2:15 p.m. Eastern Time. The presentation will feature
Rimini Street (Nasdaq: RMNI) announced its inaugural RMNI LOVE™ Grant Program recipients, awarding
Rimini Street reported Q1 2022 revenue of $97.9 million, a rise of 11.4% year-over-year, with a gross margin of 62.0%. Operating income rose to $5.9 million, and net income reached $3.1 million, compared to a loss of $3.6 million last year. The Revenue Retention Rate improved to 94%, and active clients increased by 13.1% year-over-year to 2,884. The company raised its revenue guidance for the full year to $402-$411 million.
Rimini Street (Nasdaq: RMNI) has secured a contract with SK Networks to provide third-party maintenance services for its Oracle DBMS. This partnership enables SK Networks to reinvest savings from annual maintenance into digital transformation initiatives. The agreement includes a primary support engineer with over 20 years of experience, ensuring rapid response times of 10 minutes for critical issues. Rimini Street aims to enhance client IT system performance while reducing costs and providing expert support.
Rimini Street, Inc. (NASDAQ: RMNI), a global leader in enterprise software support services, will announce its Q1 2022 earnings on May 4, 2022, after market close. The company will hold a conference call at 5:00 p.m. Eastern to discuss the results and future outlook. Rimini Street has served over 4,400 organizations, including Fortune 500 companies, providing enhanced support for Oracle and SAP products while enabling cost savings and innovation.
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