Rimini Street Announces Rimini Protect™ Advanced Hypervisor Security for VMware, Nutanix and All Other Linux-Based Hypervisors, Powered by Vali Cyber®, to Safeguard Against Ransomware and Other Vulnerabilities

Rhea-AI Summary

Rimini Street (Nasdaq: RMNI) has announced the general availability of Rimini Protect™ Advanced Hypervisor Security (AHS), powered by Vali Cyber® AI/ML security technology. The solution is designed to protect VMware ESXi, Nutanix, and all Linux-based hypervisors against ransomware and security vulnerabilities.

The announcement comes amid rising ransomware attacks, with victim numbers increasing 43% from Q3 to Q4 2024 and 47% year-over-year. Ransomware payments have surged from $199,000 in early 2023 to $1.5 million in June 2024.

Key features of Rimini Protect AHS include AI/ML technology for runtime protection, Multi-Factor Authentication (MFA), and Process Control to prevent attacks from escaping designated environments. The solution is supported by Rimini Street's Global Security Services team, available 24/7/365.

Positive

• Integration of advanced AI/ML security technology from Vali Cyber
• Protection coverage for multiple hypervisor platforms
• 24/7/365 support from Global Security Services team
• Automated remediation capabilities without human intervention

Negative

• None.

Insights

Technology Security Analyst

Rimini Street's launch of Rimini Protect Advanced Hypervisor Security (AHS) marks a significant strategic expansion of their enterprise software support business model. Here's what makes this development particularly noteworthy for investors:

The timing couldn't be more critical, with ransomware payments skyrocketing from $199,000 to $1.5 million in 2024. This positions Rimini Street to capitalize on the growing enterprise security market, potentially driving new revenue streams beyond their traditional support services.

The solution's integration with their VMware support offering is particularly strategic, as it: 1) Creates a competitive advantage in the third-party support market 2) Adds a high-margin security component to their core business 3) Helps retain existing customers while attracting new ones seeking comprehensive security solutions.

For investors, this represents a potential catalyst for growth through:

• Expanded market opportunity in the rapidly growing cybersecurity sector
• Higher-value service offerings that could improve profit margins
• Strengthened competitive position against both traditional vendors and other third-party support providers

The partnership with Vali Cyber, already proven in military applications, adds credibility and reduces development risks. The solution's support for multiple hypervisor platforms (VMware, Nutanix, etc.) also suggests strong market potential across various enterprise environments.

Rimini Protect Advanced Hypervisor Security is embedded into the industry-leading Rimini Support^™ for VMware solution that replaces VMware annual maintenance at substantial savings and extends the supportable lifespan of existing VMware licenses for many years

LAS VEGAS--(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, the leading third-party support provider for Oracle, SAP and VMware software, today announced the general availability of Rimini Protect™ Advanced Hypervisor Security (AHS), an exclusive solution powered by proven Vali Cyber^® AI/ML security technology. The Rimini Protect AHS solution leverages these innovative capabilities that are already protecting mission-critical hypervisor infrastructure, including US military VMware deployments.

Rimini Street Announces Rimini Protect™ Advanced Hypervisor Security for VMware, Nutanix and All Other Linux-Based Hypervisors, Powered by Vali Cyber®, to Safeguard Against Ransomware and Other Vulnerabilities (Graphic: Business Wire)

The Rimini Protect AHS solution combines Vali Cyber technology with Rimini Street’s professional hardening, installation, and managed services. This solution creates a secure, locked-down hypervisor environment, 24/7/365, allowing businesses to manage hypervisor risk in a manner that was previously unavailable in the market.

Hypervisor Exploits Can Have Devastating Impacts

Ransomware attacks are at an all-time high as of December of 2024.¹ The number of victims has risen by 43% from Q3 to Q4 of 2024 and is up 47% YoY from 2023 to 2024. Ransomware payments have also shot up from a median of $199 thousand in early 2023 to $1.5 million in June of 2024.²

Exploits against hypervisors can be particularly devastating, compromising all the virtual machines running on a single hypervisor. A hypervisor, also known as a virtual machine monitor, is software that creates, runs, and manages virtual machines. One hypervisor can manage dozens of virtual machines³, which are essential for handling critical business workflows and processes. If an exploit compromises a hypervisor, it could gain access to all the virtual machines on that host and their data. CrowdStrike reaffirmed this risk in a recent blog post:

“More and more threat actors are recognizing that the lack of security tools, lack of adequate network segmentation of ESXi interfaces, and ITW vulnerabilities for ESXi create a target-rich environment.”⁴

Groundbreaking Protection for VMware ESXi and All Linux-Based Hypervisors

Rimini Protect AHS offers protection for VMware ESXi, Nutanix, XenServer, Citrix Hypervisor, Proxmox, Red Hat Enterprise Virtualization (RHEV), and all Linux-based KVM hypervisors. The Rimini solution protects against security breaches with these key, unique features:

• AI/ML Technology: Runtime protection solution that uses AI/ML behavioral-based detection techniques to detect file and in-memory malware with high efficacy. It automatically remediates file damage without human intervention, delivering resilience to the business. Proprietary algorithms are designed to identify and stop both traditional and in-memory attacks in real-time.
• MFA: Multi-Factor Authentication (MFA) as a solution to help to protect against potentially stolen credentials in connected and air-gapped environment to provide alerts and prevent unauthorized access attempts. Credential theft, often obtained through unethical methods such as phishing campaigns or poor credential management, has led to a record increase in security breaches of hypervisors and underlying systems.
• Process Control: Prevents living off the land attacks as well as processes from escaping their designated environments, such as virtual machines or containers used for containerized applications. This protection keeps exploits from “escaping” into the underlying hypervisor, thereby safeguarding the entire filesystem from being encrypted or exported.

Rimini Protect AHS Provides Peace of Mind

Rimini Protect AHS for VMware is supported by Rimini Street’s renowned Global Security Services team comprised of dozens of security specialists globally, available 24/7/365.

“With an ever-changing threat landscape and evolving attack methodologies, we continue to innovate our advanced security solutions with the latest technologies such as AI/ML behavioral algorithms to address our clients’ security needs,” said Gabe Dimeglio, CISO, SVP & GM of Rimini Protect™ and Rimini Watch™ solutions. “Whether to enhance and add to your defense strategy or to maximize the value of existing systems, Rimini Protect Advanced Hypervisor Security offers peace of mind from a trusted, proven partner that has been providing mission-critical security solutions for complex, large, mission-critical, high-security government and military organizations across the globe. We take great pride in protecting the systems and irreplaceable data of our clients that is always under threat of attack.”

Learn more about how to strengthen your organization’s security posture through Rimini Protect Advanced Hypervisor Security here and explore Rimini Street’s industry-leading Support for VMware here.

¹ Reliaquest: Ransomware and Cyber Extortion in Q4 2024
² Roundup: The top ransomware stories of 2024
³ ESXi Host Maximums
⁴ Hypervisor Jackpotting, Part 3: Lack of Antivirus Support Opens the Door to Adversary Attacks

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000^® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments.

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; additional expenses to be incurred in order to comply with injunctions against certain of our business practices and the impact on future period revenue and costs; changes in the business environment in which Rimini Street operates, including the impact of any macro-economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce, as well as the anticipated timing of products and services we expect to introduce in the future; our ability to grow our revenue, manage our cost of revenue and accurately forecast revenue; the expected impact of recent and anticipated future reductions in our workforce and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel, including sales personnel, and retain key personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, a failure by us to establish adequate tax reserves, or our ability to realize benefits from our net operating losses; the impact of environmental, social and governance (ESG) matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on October 30, 2024, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2025 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250122401764/en/

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

Source: Rimini Street, Inc.

FAQ

What is Rimini Street's new Advanced Hypervisor Security solution for RMNI investors?

Rimini Protect Advanced Hypervisor Security (AHS) is a new security solution powered by Vali Cyber AI/ML technology, designed to protect VMware, Nutanix, and Linux-based hypervisors against ransomware and vulnerabilities.

How has the ransomware threat landscape changed in 2024 according to RMNI's announcement?

Ransomware attacks increased 43% from Q3 to Q4 2024 and 47% year-over-year, with median ransomware payments rising from $199,000 in early 2023 to $1.5 million in June 2024.

What key security features does RMNI's new Hypervisor Security solution offer?

The solution offers AI/ML-based runtime protection, Multi-Factor Authentication (MFA), and Process Control to prevent attacks from escaping designated environments.

Which hypervisor platforms does RMNI's new security solution protect?

Rimini Protect AHS protects VMware ESXi, Nutanix, XenServer, Citrix Hypervisor, Proxmox, Red Hat Enterprise Virtualization (RHEV), and all Linux-based KVM hypervisors.