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Rimini Street Appoints Seasoned Technologist as CTO and Announces New Office of the Chief Technology Officer to Help Prospects and Clients with Innovative Enterprise Software and Technology Solutions and Roadmaps
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Rimini Street, Inc. (Nasdaq: RMNI) has appointed Eric Helmer as its new Chief Technology Officer (CTO) and launched the Office of the Chief Technology Officer (OCTO). This initiative aims to enhance strategic IT, operational, and financial goals for clients through innovative software solutions. Helmer brings 25 years of experience in IT and has previously led Rimini Street’s Strategic Services Group. The OCTO will focus on maximizing clients' enterprise software investments and providing advisory services tailored to optimize business operations and drive growth.
Positive
Appointment of Eric Helmer as CTO brings extensive 25-year IT experience.
Launch of OCTO aims to enhance client relationships and drive innovation.
Focus on maximizing clients' enterprise software investments expected to improve business outcomes.
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None.
The new OCTO team is comprised of senior enterprise software specialists, application and cloud architects, technologists and security experts who will assist in creating and executing a smart path to achieving strategic IT, operational and financial goals
LAS VEGAS--(BUSINESS WIRE)--
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, has appointed Eric Helmer as its chief technology officer (CTO) and announced the establishment of the Office of the Chief Technology Officer (OCTO). As CTO at Rimini Street, Helmer is charged with helping prospects and clients design and deploy innovative solutions and roadmaps to achieve strategic IT, operational and financial goals across various enterprise applications and technology products from proprietary vendors such as Oracle, SAP, IBM, Salesforce and Microsoft and open source products such as MySQL, MariaDB, PostgreSQL and MongoDB database platforms. Mr. Helmer reports to Sebastian Grady, president at Rimini Street.
Eric Helmer appointed CTO at Rimini Street (Photo: Business Wire)
Rimini Street’s OCTO was created to accelerate innovation and provide prospects and clients with unique solutions and roadmaps that maximize the effectiveness of their mission-critical enterprise software systems. It was also created to help prospects and clients build a software and technology landscape that is future-proofed against a variety of technology changes and business needs, is innovation-ready to meet the needs of the enterprise today and tomorrow and is scalable and highly secure.
The OCTO will provide comprehensive, strategic, technical, functional and feature-release road-mapping advisory services and collaborate with prospects and clients to define a vision for what is next and possible in leveraging their core, mission-critical enterprise IT systems.
CTO is Proven 25-Year Technology Veteran
Mr. Helmer is an information technology executive with 25 years of experience and proven leadership delivering strategic corporate IT transformational projects. He has a strong track record in designing and implementing complex enterprise technology initiatives that provide organizations a real return on investment, competitive advantage and enable growth.
Prior to his appointment as CTO, Helmer led Rimini Street’s Strategic Services Group where he was responsible for the development and deployment of complex solutions for clients including advanced security, professional services, license management advisory, technical blueprints and cloud and migration services.
Before joining Rimini Street, Mr. Helmer was a vice president at Velocity Technology Solutions, where he led the application services team in delivering transformational cloud and IT solutions for Oracle enterprises. Additionally, he has a broad consulting background with firms such as Linium, ADI Strategies and The Hackett Group, where he has delivered many successful enterprise projects throughout the U.S., EMEA and APAC.
Mr. Helmer is a published author, Oracle ACE alumni and a sought-after, award-winning industry speaker at conferences and industry events. He also has served on many industry advisory boards, including the Oracle Developer Tools User Group (ODTUG). He holds a Master’s degree in business administration and a Bachelor of Science degree in computer science.
Current Enterprise Software as a Platform for Continuous Business Optimization
Most organizations only use a fraction of their current enterprise software system’s capabilities that they have licensed, paid for and are entitled to use. Often, organizations only leverage their ERP and other enterprise software minimally to run their basic business operations.
Rimini Street’s OCTO will work with clients to help them define best practices for both maximizing the return on their large, critical enterprise software investment and leverage their asset as a platform for continuous business optimization. The OCTO will take a holistic view of a prospect or client’s business to provide ongoing strategic advice to help improve the cost-benefit ratio of their software investment, align their software and technology roadmap to the business’ goals and help set the business or government entity up to leverage further innovation and drive growth or improved service levels. Through Rimini Street’s unique road-mapping services, a 360-degree advisory approach is taken to optimize existing platforms, including enhancing the system for functionality progression, cybersecurity hardening, technology futureproofing and cloud efficiencies.
“Organizations come to Rimini Street to gain the freedom from vendor-pressured upgrades and cloud migrations that lead to unnecessary disruption and excessive costs. Leading organizations want to follow their own business-driven roadmaps and smart paths to achieve their unique strategic IT, operational and financial goals,” said Helmer. “As leaders in enterprise software and technology, they look to Rimini Street to provide industry best practices for maximizing their current enterprise software investment through innovative and detailed roadmaps that help them create continuous value while simultaneously avoiding unnecessary, costly and disruptive software and system upgrades, migrations and projects that don’t improve competitive advantage or enable the growth or service improvements needed. I am excited to be taking on this role within the Company to deliver the highest value strategies, services and solutions to enterprise software licensees around the world.”
“We are pleased to appoint Eric to his new role as CTO, and excited to launch our new OCTO organization that will partner closely with our prospects and clients to solve real world issues and help them systematically optimize their existing enterprise software system and adjacent solutions, as well as helping them align with their organization’s goals,” said Seth A. Ravin, Rimini Street CEO. “The appointment of our CTO and the launch of the OCTO organization are major milestones as Rimini Street continues to lead the industry in redefining what award-winning enterprise software solutions look like and deliver to prospects and clients.”
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 4,200 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 application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook 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 “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” 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, the impact of our credit facility’s ongoing debt service obligations and financial covenants and operational covenants on our business and related interest rate risk, the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; 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 initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; including under our new credit facility; our ability to maintain an effective system of internal control over financial reporting, and our ability to remediate identified material weaknesses in our internal controls, including in relation to the accounting treatment of our warrants; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 4, 2021, 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.
What is the significance of Eric Helmer's appointment as CTO of Rimini Street (RMNI)?
Eric Helmer's appointment as CTO is significant as he brings 25 years of experience in IT, expected to drive innovation and strategic solutions for Rimini Street's clients.
What is the Office of the Chief Technology Officer (OCTO) at Rimini Street?
The OCTO is a new initiative launched by Rimini Street to provide clients with strategic IT advisory services, focusing on optimizing enterprise software investments.
How will the OCTO impact Rimini Street's clients?
The OCTO aims to enhance client relationships by offering tailored solutions that maximize the effectiveness of their software systems and align with business goals.
What experience does Eric Helmer have before joining Rimini Street (RMNI)?
Before joining Rimini Street, Eric Helmer was a vice president at Velocity Technology Solutions, leading cloud and IT solutions, and has a strong consulting background.
