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

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

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.

News

CIOs and CTOs Fight to Regain Control of Their IT Roadmap from Software Vendors, According to New Survey

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IT leaders transitioning to new ERP model to optimize investments and innovate around the edges, according to Rimini Street survey
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Rimini Street Announces Rimini Support™ for SAP Industry Solutions, Maximizing Value and Extending the Lifespan of Critical Systems

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Rimini Street expands support for SAP Industry Solutions, offering long-term support for up to 15 years and savings of 50% on maintenance fees. Provides certainty for SAP licensees facing uncertainty and additional costs when migrating to S/4HANA. Rimini Street already supports clients like Proton, reducing their maintenance fees and providing personalized support services.
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Rimini Street Reaffirms Guarantee of 15 Additional Years of Support and Managed Services for SAP ECC and S/4HANA On-Premises Clients, Providing Maximum ROI and Enabling Innovation Without Forced Migrations to S/4HANA Cloud

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Rimini Street, Inc. (Nasdaq: RMNI) reaffirms its guaranteed availability of 15 additional years of support and managed services for SAP ECC and S/4HANA on-premises licensees, offering significant savings, reliability, flexibility, and predictable costs with its Rimini Support™ and Rimini Manage™ services. This press release addresses concerns over SAP's unavailability of new innovations for SAP licensees running Business Suite/ECC 6.0 and S/4HANA on-premises, providing maximum ROI and enabling innovation without forced migrations to S/4HANA Cloud.
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Rimini Street Announces Fiscal Second Quarter 2023 Financial and Operating Results

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Rimini Street Announces Expansion and General Availability of Rimini Manage™ Services for SAP Cloud Products

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Rimini Street, a global provider of enterprise software support, announces the expansion of its Rimini Manage™ services for SAP cloud products. The offering aims to provide improved productivity, predictability, and business value to organizations running SAP cloud-based software. Rimini Manage for SAP can be delivered for stand-alone SAP cloud applications or integrated with other enterprise software. Benefits include improved productivity, reduced backlog of open tickets, predictable cost model, and increased ROI.
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Rimini Street Statement on U.S. Federal Court Ruling

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Rimini Street issues statement in response to court order in Oracle v. Rimini Street litigation. Oracle withdraws all claims against Rimini Street and its CEO. Rimini Street prevails on several legal points. Plans to file an appeal. Previous litigation with Oracle resulted in victories for Rimini Street.
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University of Auckland Leverages Rimini ONE™ to Support, Manage, Protect and Extend the Life of its Oracle Application Investments

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Rimini Street to Report Second Quarter 2023 Financial Results on August 2, 2023

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Rimini Street, Inc. (Nasdaq: RMNI) will report earnings after market close on August 2, 2023. The company is a global provider of end-to-end enterprise software support, products, and services, specializing in third-party support for Oracle and SAP software. They are also partners with Salesforce and AWS. Rimini Street will host a conference call and webcast at 5:00 p.m. Eastern / 2:00 p.m. Pacific time on August 2, 2023, to discuss the second quarter 2023 results and outlook. A live webcast will be available on Rimini Street's Investor Relations site and dial-in participants can access the conference by registering from the dial-in registration link. A replay of the webcast will be available for one year following the event.
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Rimini Street Foundation Celebrates its 500th Charitable Donation

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Rimini Support™ Enables Gachon University Gil Medical Center to Advance its Digital Transformation Projects and Continue to Serve the Community as a Trailblazer Hospital

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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.

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Rimini Street, Inc. (DE)

Nasdaq:RMNI

RMNI Rankings

#3751 Ranked by Market Cap
N/A Ranked by Dividends

RMNI Stock Data

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