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Rimini Street, Inc. (DE) - RMNI STOCK NEWS

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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.

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Rimini Street, Inc. (Nasdaq: RMNI) announced its 2023 fourth quarter and fiscal year results, showcasing revenue growth, increased active clients, and improved financial metrics.
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Rimini Street, Inc. launches Rimini Custom™, a new service offering to expand enterprise software support, focusing on innovation and transformation while extending the useful life of existing software.
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Rimini Street, Inc. achieves 8th rank in Best Workplaces™ in Korea and wins multiple Great Place to Work® 2024 Korea awards. The company is recognized for its exceptional workplace culture, employee empowerment, and leadership. Rimini Street continues to lead in providing end-to-end enterprise software support and services, focusing on Oracle, SAP, Salesforce, and AWS partnerships.
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Rimini Street, Inc. (RMNI) selects London for its annual £50,000 RMNI LOVE Grant Program, inviting certified charities to apply for one of five £10,000 grants. The program aims to support non-profit organizations aligning with the Foundation's mission of making the world a better place.
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Rimini Street, Inc. (RMNI) will report earnings after market close on February 28, 2024. The company, a global provider of enterprise software support, will discuss fourth quarter and fiscal year 2023 results and provide insights on 2024 during a conference call and webcast.
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Rimini Street, Inc. (Nasdaq: RMNI) has appointed Gertrude 'Trude' Van Horn as executive vice president and chief information officer. Van Horn brings decades of global IT leadership experience in public and private companies across diverse industries. She is responsible for the vision, direction, and expert execution of the Global IT and Security department's growth strategy.
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Rimini Street, Inc. celebrates 10 years of successful operations in Japan with the opening of a new and expanded office in Tokyo. The company has grown to nearly 400 clients and is recognized for its exceptional workplace culture, client service, and philanthropic efforts. The expansion reflects the company's commitment to excellence, innovation, and its people.
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Rimini Street, Inc. (Nasdaq: RMNI) Earns Great Place to Work® Certifications for Second Consecutive Year in France, UK, and USA
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Rimini Street, Inc. (Nasdaq: RMNI) Earns Great Place to Work® Certifications in Singapore and Japan, and Ranks Top 50 of India’s Best Workplaces™ in IT & IT-BPM Category
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Rimini Street, Inc. (Nasdaq: RMNI) has been chosen by santec to provide professional services and guidance for the strategic separation of the company into four corporations. As a global photonics company, santec has selected Rimini Consult™ for SAP based on their proven history of trust and expert delivery. This strategic move aims to enable greater agility and efficiency for the business in light of increasing cloud adoption, the maturation of 5G, and the rise of hybrid work. Santec's decision to partner with Rimini Street over SAP for this complex project demonstrates their confidence in the expertise and reliability of Rimini's services.
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FAQ

What is the current stock price of Rimini Street (DE) (RMNI)?

The current stock price of Rimini Street (DE) (RMNI) is $2.52 as of December 20, 2024.

What is the market cap of Rimini Street (DE) (RMNI)?

The market cap of Rimini Street (DE) (RMNI) is approximately 225.5M.

What does Rimini Street, Inc. do?

Rimini Street, Inc. provides independent support for Oracle and SAP enterprise software, offering cost-effective and award-winning services.

When was Rimini Street, Inc. established?

Rimini Street, Inc. was established in 2005.

What are some products offered by Rimini Street, Inc.?

Some of the products include support for Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite.

How much can clients save with Rimini Street's support services?

Clients can save up to 50% annually compared to traditional support from Oracle and SAP.

How many clients does Rimini Street, Inc. have?

Rimini Street, Inc. has nearly 1,000 clients.

What makes Rimini Street's support services unique?

Rimini Street offers award-winning support services that are cost-effective and recognized by leading industry analysts and financial experts.

Where does Rimini Street, Inc. derive most of its revenue?

The company derives most of its revenue from the United States.

Has Rimini Street, Inc. received any industry recognition?

Yes, it has been named to CIO UK’s “20 Companies to Watch in 2012” hotlist, among other recognitions.

What is the growth potential for Rimini Street, Inc.?

The company operates in a fast-growing market with a substantial number of target prospects, indicating significant growth potential.

What is the financial condition of Rimini Street, Inc.?

Rimini Street, Inc. is financially strong, supported by a growing client base and revenue streams.

Rimini Street, Inc. (DE)

Nasdaq:RMNI

RMNI Rankings

RMNI Stock Data

225.48M
47.71M
21.61%
66.95%
1.88%
Software - Application
Services-business Services, Nec
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United States of America
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