Rimini Street - RMNI STOCK NEWS

Rimini Street has significantly enhanced its data processing capabilities using Openprise's RevOps Data Automation (RDA) Cloud. Within weeks of implementation, the company reduced its data cleaning and loading time from three days to minutes. This automation has transformed Rimini Street's data team from a reactive to a proactive unit, allowing them to focus on strategic projects. The collaboration has also saved the team 108 hours per week in review cycles and service desk tasks. This efficiency has empowered Rimini Street’s go-to-market team to better capitalize on growth opportunities and increased marketing efforts.

Rimini Street, a global provider of enterprise software support, has been selected by Brazilian retailer Americanas to manage its SAP landscape and establish a new SAP Center of Excellence (CoE). This decision aims to enhance operational efficiencies and competitive advantage across Americanas' corporate, e-commerce, and logistics platforms, encompassing over 1,600 stores. Rimini Street will oversee SAP ECC 6, S/4HANA, and RISE platforms, implementing optimized processes, support tools, and governance strategies. The partnership is expected to enable Americanas' IT team to focus on innovative customer engagement initiatives, thereby driving improved operational, competitive, and financial results.

Rimini Street (Nasdaq: RMNI), a provider of enterprise software support, announced that Malaysia's Sunway Group has chosen Rimini ONE™ for improved software support and cost optimization. Sunway aims to reallocate resources saved through Rimini Street's services towards AI and customer experience (CX) projects.

Sunway's CIO, Kevin Khoo, emphasized the cost savings and system support benefits from Rimini Street. Initially using JD Edwards for ERP across 13 businesses, Sunway faced high costs and downtime with software upgrades. Rimini Street offers expert support, including for customizations, at no extra charge and guarantees 15 additional years of stable ERP investment.

Since the partnership, Sunway has saved 50% on annual support fees and up to 90% on total support costs, allowing reinvestment into strategic tech projects, including AI. Rimini Street's dedicated support has enabled Sunway to focus on innovation and digital transformation.

Rimini Street (Nasdaq: RMNI) has announced the global launch of comprehensive support, security, and consulting services for VMware products. This offering includes Rimini Support™, Rimini Protect™, and Rimini Consult™ services. The new services are aimed at perpetually-licensed VMware users facing significant annual fee increases by VMware. Rimini Street's support guarantees a 10-minute response for critical issues and includes a primary support engineer with an average of 15 years of experience. Clients can also benefit from proactive security measures and expert consulting to optimize their current infrastructure.

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.

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.

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.

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.

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.