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Rimini Street Named a Supplier for UK G-Cloud 13 Framework for all its Application, Database, Managed and Professional Services
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Rhea-AI Summary
Rimini Street (NASDAQ: RMNI) has been named a supplier on the Crown Commercial Service's G-Cloud 13 framework, enabling UK public sector organizations to achieve up to 90% savings on support costs for Oracle and SAP products. This announcement underscores Rimini Street's position as a leading third-party support provider and its ongoing commitment to delivering significant value to clients, allowing them to optimize services and reallocate resources for transformation initiatives amidst economic challenges.
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Designated as a supplier on the G-Cloud 13 framework, enhancing visibility in the public sector.
Potential savings of up to 90% on total support costs for Oracle and SAP products for clients.
Strengthens Rimini Street's relationships with UK public sector organizations, driving ongoing business.
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UK public sector organizations can achieve immediate savings on annual support fees for Oracle and SAP products and up to 90% savings on total support costs, enabling the optimization, evolution and transformation of citizen services
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, today announced that it has been named as a supplier on Crown Commercial Service’s G-Cloud 13 framework. Using G-Cloud 13, UK public sector organizations will be able to leverage Rimini Street’s range of application, database, managed and professional services to better run, support, protect, connect and monitor their enterprise application software while achieving significant savings that can help enhance citizen services.
Using G-Cloud 13, UK public sector organizations will be able to leverage Rimini Street’s range of services to better run, support, protect, connect and monitor their enterprise application software while achieving significant savings that can help enhance citizen services. (Photo: Business Wire)
Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2021/22, CCS helped the public sector to achieve commercial benefits equal to £2.8 billion - supporting world-class public services that offer best value for taxpayers.
“We are delighted to be named a supplier on G-Cloud 13 as we already work with a number of local and central government bodies to deliver significant value to the public sector,” said Emmanuelle Hose, group vice president and general manager for Europe, Middle East and Africa at Rimini Street. “Our proven services and approach present multiple benefits to clients - not only significant savings and ultra-responsive services delivered by a growing pool of UK-based and global engineers, but the ability to redirect limited and valuable resources to transformation initiatives. With continued economic challenges on the horizon, Rimini Street can be a key strategic partner as more UK public sector organizations look to balance today’s IT operating costs with tomorrow’s investment needs at a time of potentially tighter public spending.”
Rimini Street offers UK public sector a smart path to transformation
Rimini Street is already working with a number of local and central government bodies in the UK, including Kent County Council, Nottinghamshire County Council and Waltham Forest Council, helping them extend their SAP and Oracle application lifecycles to maximize returns on their existing investments, save significant costs and enjoy a more responsive, robust service model for their Oracle and SAP systems.
Rimini Street services cover application and database services beyond software support, including:
Rimini Street Professional Services offers a variety of short- or long-term project-based consulting services and capabilities, such as assessments, best practices, roadmap planning, configuration, software resource planning, and development services
Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services. To find out more about CCS, visit: www.crowncommercial.gov.uk. Follow us on Twitter: @gov_procurement and LinkedIn: www.linkedin.com/company/2827044.
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, over 4,900 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, and connect with Rimini Street on Twitter, 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 “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 amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of 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 discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and economic, operational and financial impacts on our business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the pandemic; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends, including inflation, rising interest rates and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates and the industries in which our clients operate; the evolution of the enterprise software management and support landscape facing our clients and prospects and our ability to attract and retain clients and further penetrate our client base; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; adverse developments in and costs associated with defending pending litigation 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 credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; 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 reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; customer adoption of our products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified employees and key personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; 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 and data protection regulations; and those discussed under the headings “Risk Factors” and “Cautionary Note About Forward-Looking Statements” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 2, 2022, 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 Rimini Street's recent announcement about G-Cloud 13?
Rimini Street has been named a supplier on the G-Cloud 13 framework, allowing UK public sector organizations to access its services and achieve significant cost savings.
How much can UK public sector organizations save with Rimini Street?
UK public sector organizations can save up to 90% on total support costs for Oracle and SAP products by utilizing Rimini Street's services.
What services does Rimini Street provide to public sector organizations?
Rimini Street offers a range of services including application management, database management, security services, and interoperability services tailored for Oracle and SAP systems.
What impact does the G-Cloud 13 inclusion have on Rimini Street's business?
Being included in G-Cloud 13 enhances Rimini Street's visibility and accessibility to UK public sector clients, potentially increasing its market share and revenue opportunities.
