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Rimini Street - RMNI STOCK NEWS

Welcome to our dedicated page for Rimini Street news (Ticker: RMNI), a resource for investors and traders seeking the latest updates and insights on Rimini Street stock.

Corporate Overview

Rimini Street (RMNI) is an independent provider specializing in end-to-end enterprise software support. Established in 2005, the company offers an extensive range of services that enable clients to run, manage, support, customize, configure, connect, protect, monitor, and optimize their enterprise applications encompassing both Oracle and SAP systems. Leveraging a subscription-based model, Rimini Street delivers cost-effective support programs that challenge traditional vendor-based support fees, which has resonated strongly with IT executives, including CIOs and CFOs, particularly in a landscape characterized by tight IT budgets and increasing cost pressures.

Service Offerings and Business Model

At its core, Rimini Street's business model is built on delivering comprehensive support solutions designed to replace the more expensive annual support contracts offered by the original software vendors. The company provides a unified family of support services for enterprise resource planning (ERP), customer relationship management (CRM), product lifecycle management, and various technology software systems. This approach enables client companies to access award-winning support services without the burden of escalating traditional fees. By offering a subscription model, Rimini Street ensures predictable and scalable cost structures while maintaining a focus on quality and continuity in service delivery.

Operational Excellence and Market Position

Rimini Street is recognized for its rigorous operational standards and a well-honed support methodology that distinguishes it within the competitive landscape. The company’s service model is driven by in-depth technical expertise, comprehensive maintenance protocols, and proactive risk management practices aimed at maximizing the performance of enterprise software environments. Its offerings are underpinned by extensive industry knowledge and a commitment to addressing the ever-evolving challenges faced by modern businesses. Widely acknowledged by prominent industry analysts and independent research organizations, the company has consistently been identified as a credible and robust alternative in the enterprise software support market.

Industry Recognition and Client Base

Over the years, Rimini Street has built a reputation for its innovative approach to software support and has attracted a diverse clientele that spans across both domestic and international markets. Its business model, recognized by industry analysts at firms such as Gartner, Forrester, and Nucleus, emphasizes a value proposition centered on cost-efficiency, enhanced service quality, and strategic IT flexibility. This recognition is a testament to the company’s ability to adapt to evolving market demands while maintaining a focus on core operational strengths and customer satisfaction.

Comprehensive Support Solutions

The portfolio of services offered by Rimini Street extends far beyond simple maintenance. The company integrates customization, configuration, and optimization services into a unified support framework that helps clients sustain and improve the performance of their enterprise applications. This holistic view of support not only ensures immediate operational continuity but also contributes to long-term IT resilience for its clients. By focusing on a collaborative, client-centered approach, Rimini Street addresses both current challenges and complex IT landscape requirements with precision and reliability.

Global Reach and Client-Centric Approach

While a significant portion of Rimini Street’s revenue is generated within the United States, the company has also established a credible presence in various international markets. Its ability to tailor support services to meet the diverse needs of clients across different regions speaks to the versatility and adaptability of its business model. The company’s focus on creating deep, long-term partnerships is evident in its commitment to consistent service delivery and the strategic management of enterprise application environments on a global scale.

Key Industry Keywords and Insights

In discussing Rimini Street, it is essential to highlight industry-specific terms such as enterprise software support, subscription-based service, and cost-effective IT optimization. These keywords not only underscore the operational focus of the company but also illustrate its role in a broader market context where businesses increasingly seek innovative ways to manage software environments while mitigating rising costs.

Competitive Landscape and Value Proposition

  • Cost Efficiency: By offering support at approximately half the cost of traditional vendor support fees, Rimini Street presents a compelling value proposition for organizations looking to optimize their IT budgets.
  • Technical Expertise: The company’s deep-rooted technical knowledge and strong support framework enable it to address complex software maintenance challenges, ensuring high-quality service delivery.
  • Client Focus: With a robust international client base, Rimini Street’s approach is characterized by proactive customer engagement and a tailored service model designed to meet the unique needs of each organization.
  • Industry Recognition: The consistent acknowledgment by independent industry analysts and research firms reinforces the company’s authority and trustworthiness in the enterprise software support market.

Understanding the Business Impact

For organizations that rely heavily on enterprise software applications, Rimini Street’s service offerings provide a strategic advantage by ensuring system stability, operational continuity, and a cost-effective alternative to traditional support contracts. The comprehensive nature of its services and the company’s proactive approach to support make it a critical component for enterprises aiming to maintain competitive operational efficiency in a challenging economic climate.

Rhea-AI Summary

Pacific Healthcare Group has selected Rimini Street for support of its on-premises Oracle environment, enabling the company to avoid costly cloud migrations and focus on strategic growth and digital innovation. Headquartered in Bangkok, Thailand, Pacific Healthcare Group supports over 50 brands in 20 countries, connecting with 600 million patients globally. By choosing Rimini Street, the company gains dedicated support, quick issue resolution, and an additional 15 years of product support, thus ensuring operational stability and freeing up resources for other projects.

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Rimini Street, Inc. (Nasdaq: RMNI) has been awarded four 2024 Top Rated Awards by TrustRadius in categories like Implementation Services, Consulting and Advisory Services, IT Professional Services, and Managed IT Services. Rimini Street's exceptional customer reviews were the basis for winning these awards, showcasing their dedication to customer satisfaction.

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Rimini Street, Inc. (Nasdaq: RMNI) announced its fiscal first quarter 2024 financial results, reporting a revenue increase, growth in Annualized Recurring Revenue, and Active Clients. However, the company saw a decrease in gross margin, operating income, net income, and Non-GAAP operating income. Rimini Street also refinanced its Original Credit Facility and made executive appointments. The Company did not provide guidance due to ongoing litigation with Oracle.

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Rimini Street, Inc. appoints Steve Hershkowitz as Chief Revenue Officer to lead global sales strategy and growth. Hershkowitz brings extensive experience from Cisco Systems and HP/HPE to drive sales reach, capture new opportunities, and provide greater value to clients. His proven success in scaling multi-billion-dollar enterprise and SaaS companies will enhance Rimini Street's sales capabilities and market presence.
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Rimini Street, Inc. (Nasdaq: RMNI) has been honored with two prestigious Stevie® 2024 Awards in the category of Customer Service. The company received the Silver Stevie for Front-Line Customer Service Team of the Year and the Bronze Stevie for Woman of the Year in Customer Service. These awards recognize Rimini Street's commitment to excellence in customer service and the leadership of Robin Weiss, vice president of Oracle Application Support Services.
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Rimini Street, Inc. appoints Martyn Hoogakker as the new group vice president and general manager for the Europe, Middle East and Africa (EMEA) region, aiming to accelerate growth and success in serving clients. Hoogakker's extensive experience in sales and operations from organizations like Adobe, Salesforce, and Deloitte Consulting will drive the company's expansion goals in the EMEA market.
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Rimini Street, Inc. (Nasdaq: RMNI) will report earnings on May 2, 2024, discussing first quarter 2024 results and the 2024 outlook. The company is a global provider of enterprise software support, products, and services, specializing in Oracle, SAP, Salesforce, and AWS. A conference call and webcast will be held at 5:00 p.m. Eastern / 2:00 p.m. Pacific time.
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Rimini Street, Inc. announces the findings of the 'Forces Driving the Future of Your Oracle Database Road Map' survey, highlighting challenges faced by Oracle Database customers as Premier Support for 19c ends. Most customers satisfied with current releases but concerned about high costs, effort, and upgrades needed for full support.
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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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FAQ

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

The current stock price of Rimini Street (RMNI) is $3.21 as of April 7, 2025.

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

The market cap of Rimini Street (RMNI) is approximately 295.2M.

What services does Rimini Street provide?

Rimini Street offers end-to-end enterprise software support including maintenance, customization, configuration, and optimization services for major platforms like Oracle and SAP.

How does Rimini Street differ from traditional software vendors?

Unlike traditional vendors, Rimini Street operates on a subscription-based model that replaces higher-cost annual support fees, providing a cost-effective alternative without compromising service quality.

What is the pricing model adopted by Rimini Street?

The company uses a subscription-based pricing model that is significantly lower than traditional vendor support fees, making it an attractive option for organizations looking to control IT budgets.

Which industries can benefit from Rimini Street’s services?

Any organization that relies on enterprise software applications, particularly those using ERP, CRM, and related systems, can benefit from Rimini Street’s support services to improve system reliability and reduce costs.

How is Rimini Street recognized in the market?

Rimini Street has received industry recognition from various independent research firms and analysts for its innovative support offerings and cost-effective business model.

What geographical markets does Rimini Street serve?

While the company generates a significant portion of its revenue from the United States, it also has a strong presence in various international markets, tailoring its services to meet diverse client needs.

How does Rimini Street maintain its expertise in enterprise software support?

Rimini Street invests heavily in technical expertise, quality assurance practices, and a comprehensive support framework to ensure that it can effectively manage and optimize complex enterprise application environments.

What competitive advantages does Rimini Street offer?

Its competitive advantages include a cost-efficient subscription model, robust technical expertise, a client-centric approach, and consistent industry recognition, all of which differentiate it from traditional vendor support services.
Rimini Street

Nasdaq:RMNI

RMNI Rankings

RMNI Stock Data

295.18M
48.01M
21.6%
64.85%
0.87%
Software - Application
Services-business Services, Nec
Link
United States
LAS VEGAS