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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 prominent provider of enterprise software support, announced that Ampol Limited, Australia's top transport fuels provider, has transitioned to Rimini Street Support for its SAP ECC 6.0 and Business Objects applications. This switch has resulted in reduced annual support fees and allowed Ampol to defer costly migrations to SAP S/4HANA. The partnership aims to enhance efficiency and allocate savings towards strategic business initiatives. Rimini Street offers an impressive Service Level Agreement with quick response times, aiming to optimize operational costs for clients like Ampol.
Rimini Street, Inc. (Nasdaq: RMNI) announced it will report its earnings post-market on March 3, 2021, covering the fourth quarter and full year of 2020. A conference call and webcast will be hosted at 5:00 p.m. Eastern Time, enabling stakeholders to discuss results in detail. The company, a leader in third-party support for Oracle and SAP software products, has serviced over 3,700 organizations globally, delivering integrated application management and support services aimed at cost savings and enhanced business outcomes.
Rimini Street, Inc. (Nasdaq: RMNI) has secured a renewed support agreement with Nottinghamshire County Council (NCC) for its SAP ECC 6.0 and SAP Business Objects software. This partnership, first established in 2017, allows NCC to maintain essential services while significantly cutting maintenance costs. The council achieved a 56% budget cut and reduced staff without compromising critical functions like payroll. With Rimini Street’s expert support, NCC ensures its software systems remain operational for at least 15 years, thereby enhancing operational efficiency during challenging budget constraints.
Rimini Street, a leading provider of enterprise software products and services, announced that CEO Seth A. Ravin and CFO Michael L. Perica will meet with investors at the A.G.P. Virtual Emerging Growth Technology Conference on February 4, 2021. As a top third-party support provider for Oracle, SAP, and a Salesforce partner, Rimini Street delivers application management and support services, helping businesses reduce costs and enhance operational efficiency. The company serves over 3,700 organizations globally, including Fortune 500 companies.
Rimini Street, a leading provider of third-party support for enterprise software, has announced that Homeplus Co. Ltd, a major Korean retailer, has transitioned to Rimini Street Support for its Oracle systems. This move is expected to save Homeplus 50% in annual maintenance costs and extend the lifecycle of its Oracle infrastructure by at least 15 years. The cost savings will be redirected towards modernizing its hardware. Rimini Street's dedicated support ensures high-quality assistance, including support for custom code tailored to Homeplus's specific needs.
Rimini Street (Nasdaq: RMNI) has successfully completed repurchases of $15 million par value of Series A preferred stock, costing $13.45 million, or 89.7% of par value. The repurchases, made on October 30, 2020, and January 5, 2021, aim to lower cost of capital, enhance cash flow, and reduce obligations related to Series A preferred stock. The transaction terms also waived make-whole dividends until the non-call date of July 19, 2021. CEO Michael L. Perica mentioned ongoing evaluations of capital markets for further opportunities to optimize the company’s structure for shareholders.
Rimini Street, Inc. (Nasdaq: RMNI) has announced its agenda for the Investor Day on February 1, 2021, set to be presented via live webcast. The event will feature key discussions led by top executives, including CEO Seth A. Ravin, focusing on the company's vision and strategy to achieve $1 billion in revenue by 2026. Other topics include marketing strategies, client case studies, and plans for sales growth and service delivery improvements.
Rimini Street, Inc. (Nasdaq: RMNI) will host an Investor Day on February 1, 2021, via live webcast. The event will feature CEO Seth A. Ravin and senior leadership discussing the company's vision, products, business model, and financial strategy. Attendees will have the opportunity to engage in a Q&A session. A detailed agenda will be released on January 5, 2021. Rimini Street is known for providing third-party support for Oracle and SAP software, offering services that help enterprises save costs and improve outcomes.
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