Ricoh Selects Rimini Street to Optimize and Secure its Oracle EBS and Oracle Database Instances
Rimini Street announced that Ricoh Company has selected Rimini Support™ and Rimini Protect™ to optimize and secure its Oracle EBS and Oracle Database environments. Ricoh is transitioning from several Oracle products and chose Rimini Street for its high-quality support, cost savings, and security. Rimini Street's services provide real-time, zero-day vulnerability protection, reducing downtime and saving Ricoh substantial upgrade costs. This partnership aids Ricoh in maintaining business continuity and protecting sensitive data during its digital transformation.
- Ricoh's selection of Rimini Street's services is expected to save hundreds of millions of yen in upgrade costs.
- Rimini Support™ and Rimini Protect™ offer real-time, zero-day vulnerability protection, reducing downtime.
- Rimini Street's services allow Ricoh to divert resources from major EBS upgrades, leading to significant cost savings.
- Rimini Street provides comprehensive software maintenance, enhancing operational excellence and security.
- Ricoh will benefit from Rimini Street's quick deployment of updates, minimizing implementation costs.
- The transition from Oracle products poses a risk of disruption if not managed properly.
- Relying on a third-party provider like Rimini Street could introduce potential dependency issues.
- There is a risk that the expected cost savings and security benefits may not fully materialize.
Insights
Ricoh's decision to transition from Oracle products while leveraging Rimini Street's services has several implications for investors. First, opting for Rimini Support™ and Rimini Protect™ means Ricoh is aiming to significantly reduce operational costs. The mention of saving "
Additionally, from a financial perspective, this move underscores a strategic shift in managing IT spend. Transitioning from Oracle products could indicate a broader trend of companies seeking to minimize dependencies on traditional ERP vendors, thus lowering long-term licensing and maintenance costs. It reflects a broader market trend where organizations are increasingly opting for third-party support solutions to optimize budgets and drive innovation. However, investors should consider the long-term impact of deviating from Oracle's ecosystem and the potential risks associated with this significant shift.
From a security perspective, Ricoh's move to adopt Rimini Protect™ for its Oracle EBS and Database instances is noteworthy. The emphasis on real-time, zero-day vulnerability protection means Ricoh is prioritizing robust security measures to safeguard critical data. Zero-day vulnerabilities refer to security flaws that are exploited by attackers before the vendor has issued a fix. By choosing Rimini Protect™, Ricoh ensures that it has a proactive defense mechanism in place to counter such threats, which is vital for maintaining the integrity of its sensitive information.
The commitment to 10-minute response times for Priority 1 cases and the delivery of Security Vulnerability Analysis Reports (SVARs) also stand out. This indicates a high level of security vigilance and a structured approach to threat management. For investors, this focus on security can translate to higher confidence in the company's data protection capabilities, potentially mitigating risks associated with data breaches and system downtimes. Such measures could enhance Ricoh's reputation and reliability among clients, which is beneficial for its overall market position and investor confidence.
However, it's important to balance this with the understanding that moving away from Oracle's native support might introduce unknown security challenges. Investors should monitor how effectively Rimini Street can address these potential gaps and how Ricoh’s IT team adapts to the new support paradigm.
Ricoh's strategy to pivot from its existing Oracle EBS and Database environments to a new ERP setup is a significant development. This move is reflective of a broader industry trend where organizations seek greater flexibility and cost efficiency by exploring alternatives to traditional ERP systems. For Ricoh, the choice to use Rimini Street's services as an interim solution ensures that their current operational workflows remain uninterrupted during the transition period.
This approach provides a clear signal to investors that Ricoh is methodically planning its ERP transformation to avoid potential downtime and operational risks. The collaboration with Rimini Street helps Ricoh maintain a steady state of operations while evaluating future ERP options that might better align with its evolving business needs. This is particularly important as ERP systems are integral to managing key business processes.
Additionally, the expertise that Rimini Street brings in maintaining and securing Ricoh’s legacy systems could offer valuable insights and lessons that Ricoh can leverage when implementing its new ERP system. Investors should view this as a strategically sound decision that balances the need for innovation with the necessity of maintaining operational stability. However, the eventual success of this transition will depend on Ricoh’s ability to integrate the new ERP system seamlessly and the long-term benefits it can derive from it.
Global leader of image processing chooses Rimini Support™ and Rimini Protect™ as it explores new ERP strategy independent of Oracle
Ricoh Selects Rimini Street to Optimize and Secure its Oracle EBS and Oracle Database Instances (Graphic: Business Wire)
Ricoh Readies for Transformation Without Disruption
Ricoh currently runs its transactional processes using multiple instances of Oracle EBS and Oracle Database but has decided its long-term IT strategy includes a transition from several Oracle products.
Ricoh turned to Rimini Street for guidance on its approach for upholding operational excellence and the security and protection of sensitive data during its digital transformation.
“Since we had already decided to move off of Oracle, our priority was maintaining and securing our current systems, not upgrading them,” said Keisuke Hamanaka, deputy general manager of Process, IT and Data Management at Ricoh. “We made a comparative evaluation with other companies offering similar services and concluded that Rimini Street is the only partner that can support the Japanese market with the high-quality support and protection we need, at a price that aligns with our financial goals.”
A Powerful Combination of Rimini Support™ and Rimini Protect™ Leads to Significant Cost Savings and Peace of Mind for Ricoh
Facing the challenge of maintaining business continuity and protecting sensitive data while planning its next ERP move, Ricoh selected a powerful combination of Rimini Support to provide award-winning, comprehensive software maintenance services, and Rimini Street’s Advanced Application and Middleware Security (AAMS) for its Oracle EBS system, and Advanced Database Security (ADS) for its Oracle Databases. This approach provided Ricoh with real-time, zero-day vulnerability protection without extensive downtime, backed by global engineers with a deep bench of expertise to keep its Oracle systems running at full speed.
“Rimini Street offers an attractive service that has saved us hundreds of millions of yen in upgrade costs and staffs highly skilled support engineers who can cover major ERP and database systems and protect them too. We were able to divert resources from engaging in a major EBS upgrade, and save several billion yen at the same time,” Hamanaka said. “In addition to the tangible benefits of partnering with Rimini Street, these services give Ricoh peace of mind knowing we have dependable security around the critical data in our Oracle Databases that back up EBS.”
Rimini Protect: Proactive, Fast and Cost Effective
With the proactive, personalized software security services and solutions of Rimini Protect™, clients benefit from:
- Protection against known and unknown threats and vulnerabilities
- Fast deployment of Rimini Protect updates without any required code changes to the software being protected, minimizing implementation costs
- 10-minute guaranteed response time for Priority 1 critical cases
- Delivery of Security Vulnerability Analysis Reports (SVARs), Rimini Street’s intelligence reports that analyze reported security vulnerabilities with mitigation options and strategies
“As a trusted partner to thousands of organizations across the globe, we are proud to deliver a unique combination of end-to-end IT solutions for mission-critical systems that help achieve both short and long-term business and financial goals for our clients,” said Gabe Dimeligio, group vice president and general manager of Rimini Protect at Rimini Street. “We empower our clients to focus their resources on projects that strengthen their competitive stance in the market, backed by the security, support and quality Rimini Street is known for.”
To learn more about how Ricoh continues to benefit from its partnership with Rimini Street, click HERE.
Explore the full Rimini Street portfolio of ultra-responsive, trusted and proven support, managed services, security, integration, observability, professional services and Rimini ONE™ end-to-end outsourcing solutions for SAP, Oracle and Salesforce applications to support competitive advantage, profitability and growth.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,500 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted enterprise software solutions provider. To learn more, please visit riministreet.com, and connect with Rimini Street on Twitter, Instagram, Facebook and LinkedIn. (IR-RMNI)
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Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com
Source: Rimini Street, Inc.
FAQ
Why did Ricoh choose Rimini Street for its Oracle EBS and Oracle Database environments?
What benefits does Rimini Support™ and Rimini Protect™ provide to Ricoh?
How much cost savings is Ricoh expecting from using Rimini Street services?
What challenges is Ricoh facing with its current Oracle EBS and Oracle Database environments?
What is the significance of zero-day vulnerability protection for Ricoh?
