Rimini Street Announces the 2024 RMNI LOVE™ £50,000 Grant Program Winners

Rhea-AI Summary

Rimini Street announced the winners of its 2024 RMNI LOVE Grant Program, awarding £50,000 in total to five UK-based charities: Children Ahead, Fight Against Blindness (FAB), Parenting Special Children (PSC), Room to Heal, and The Vavengers. Each charity receives £10,000 to bolster their impactful work in the London region.

The rigorous selection process for these grants involved multiple review stages by regional committee members. The grants aim to support various missions, including mental health services for children, aid for visually impaired youth, support for refugees, specialized parenting support, and advocacy against Female Genital Mutilation.

This initiative reflects Rimini Street's commitment to addressing significant community needs and fostering long-term positive change.

Positive

• Rimini Street awarded £50,000 in total grants to UK-based charities, supporting community impact.
• Each selected charity receives £10,000 for their specific missions.

Negative

• None.

Five UK-based charities selected to each receive £10,000 grants from the Rimini Street Foundation to support families and communities in the London region

LAS VEGAS--(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), 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 an AWS partner, today announced the winners of its third annual RMNI LOVE™ Grant Program, each receiving £10,000 to further their significant impact for their respective communities served.

Rimini Street Announces the 2024 RMNI LOVE™ £50,000 Grant Program Winners (Graphic: Business Wire)

The final winners of the program were Children Ahead, Fight Against Blindness (FAB), Parenting Special Children (PSC), Room to Heal, and The Vavengers.

“In our third year of celebrating and sharing our RMNI LOVE through our special grant program, we selected London, UK to host this spectacular giving opportunity,” said Janet Ravin, founder and committee chair of the Rimini Street Foundation. “Receiving so many worthy nominations and having to select only 5 is truly a difficult process, as each are impactful and extraordinary in their mission. We are humbled to gain deeper understanding of the needs of the London community, and are grateful for the opportunity to alleviate the challenges through our grants, and offer greater hope to those who need a hand up, now and into the future.”

How the Grant Winners Were Selected

The rigorous process of selecting the top five charities to receive the grant administered by the Rimini Street Foundation – the privately funded charitable program of Rimini Street, Inc. and its global subsidiaries – involved a three-tiered qualification, elimination and voting method. The first round of reviews was conducted by select team members from the UK region, then by all of the regional Committee Members that represent the diverse cultures and backgrounds of Rimini Street colleagues, and finally by the Committee Chair, Committee Lead and Committee Secretary.

Meet the 2024 RMNI LOVE Grant Winners

Children Ahead – Founded in 2010 by parents of children with differently-abled learning capabilities, Children Ahead addresses the need for specialized support services. Its goal is to improve children's long-term education, health, and employment outcomes by preventing and reducing the impact of untreated mental health problems and equipping children with essential skills. The £10,000 grant will fund 12 psychotherapy sessions for 20 vulnerable children, along with mentoring and befriending programs for 20 children in crisis

Fight Against Blindness (FAB) – FAB was established in 2008 and helps children and young people with sight loss and visual impairment (VI), across the UK, to reach their full potential – educationally and socially. Its work addresses barriers, helps to build confidence, and provides practical tools to support well-being. The grant will pay for specialized psychologists to give 1:1 session to approximately 65 children and young people affected by sight loss, directly improving young Londoners' mental health and wellness.

Room to Heal – Room to Heal supports refugees and people seeking asylum from over 30 countries overcoming the traumas of torture, trafficking, and a myriad of human rights violations. Its mission is to provide tailored support to give survivors the best possible chance of rebuilding their lives and thriving in their healing journey. The £10,000 grant will be used to provide holistic support programs, mental healthcare, casework, and community support.

Parenting Special Children (PSC) – PSC provides specialist parenting support to parents and carers of children and young people with special needs and early life trauma. Their mission is to create positive, long-lasting, and resilient change in the lives of those who need it. Since its launch in 2006, the charity continues to provide specialist parenting support and tackles multiple adversities such as social isolation, low self-esteem, stress and anxiety, sleep issues, child-to-parent violence, mental health crisis, and financial pressures. The £10,000 grant will be used to support several life-changing projects and run workshops in different languages to vulnerable families.

The Vavengers – This survivor-led organization stands with and for every woman affected by Female Genital Mutilation/Cutting (FGM/C) and other forms of Violence Against Women and Girls (VAWG). The Vavengers were founded in 2014 by a group of survivors and activists who wanted to raise awareness and end FGM/C together, aiming to educate, collaborate, aid and empower. Its work includes providing community outreach hubs for vulnerable females, leading educational workshops for businesses and organizations, and running national and international campaigns to ensure FGM/C and VAWG are on the political and social agenda.

Learn more about the Rimini Street Foundation and the 525+ charities supported to date, and enjoy highlights from the 2023 RMNI LOVE Grant Day Celebration hosted during the Street Smart client event in Tokyo, Japan with hundreds of executives in attendance.

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 an 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)

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 recessionary 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; our ability to sustain or achieve revenue growth or profitability, manage our cost of revenue and accurately forecast revenue; 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; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; 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, or a failure by us to establish adequate tax reserves; 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 May 2, 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.

© 2024 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/20240710899373/en/

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

Source: Rimini Street, Inc.

FAQ

What is the RMNI LOVE Grant Program?

The RMNI LOVE Grant Program is an initiative by Rimini Street to award grants to charities, supporting impactful community work.

How much did Rimini Street award in the 2024 RMNI LOVE Grant Program?

Rimini Street awarded £50,000 in total to five UK-based charities, with each receiving £10,000.

Which charities won the 2024 RMNI LOVE Grant Program?

The winners are Children Ahead, Fight Against Blindness (FAB), Parenting Special Children (PSC), Room to Heal, and The Vavengers.

What will the £10,000 grants be used for by the winning charities?

The grants will fund various missions, including mental health services for children, support for visually impaired youth, aid for refugees, specialized parenting support, and advocacy against Female Genital Mutilation.

Why did Rimini Street choose London, UK for the 2024 RMNI LOVE Grant Program?

Rimini Street selected London to host the grant program to address the significant needs of the London community and provide support where it is most needed.