Rimini Street Now an Approved Supplier on New Zealand Government Marketplace

Rhea-AI Summary

Rimini Street (Nasdaq: RMNI) has announced its approval as a supplier on the New Zealand Government Marketplace via a Collaborative Marketplace Agreement. This status allows government agencies greater ease in procuring Rimini Street's enterprise software support services for Oracle, SAP, and Salesforce, without lengthy negotiations. The new agreement could lead to substantial savings across all levels of New Zealand's government. Rimini Street already serves several agencies and aims to optimize IT spending while providing premium support with rapid response times and extended software support guarantees.

Positive

• Approved supplier on New Zealand Government Marketplace increases accessibility to services.
• Potential for significant cost savings for government agencies.
• Existing relationships with multiple government agencies enhance credibility.

Negative

• None.

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 it has become an approved supplier on the New Zealand Government Marketplace through a Collaborative Marketplace Agreement (CMA). As an approved supplier on Marketplace, Rimini Street has completed the open primary procurement process so agencies can now more easily procure the Company’s services and do not need to spend the time and effort to negotiate their own contract terms or pricing.

Rimini Street Now an Approved Supplier on New Zealand Government Marketplace (Photo: Business Wire)

While Rimini Street already works with a number of government agencies in New Zealand, including the University of Auckland, the new agreement has the potential to generate significant additional savings on enterprise software support for New Zealand’s government agencies at all levels, from local to central and including universities and schools. The agreement can be accessed online by agencies at www.marketplace.govt.nz. These agencies will now have greater access to Rimini Street’s services including the provision of support and maintenance for Oracle, SAP and Salesforce enterprise software implementations.

Last year, Rimini Street signed a Whole-Of-Government volume sourcing agreement with the Australian Government and has since added more than 10 agencies through the agreement.

All Rimini Street clients, whether private or public organizations, benefit from the Company’s flexible, premium-level enterprise software support model, including its industry-leading Service Level Agreement (SLA) of 10-minute response times for all critical Priority 1 cases. Clients are also assigned a Primary Support Engineer, backed by a team of functional and technical experts, who have an average of 15 years’ experience in the client’s software system. Rimini Street also guarantees support for a client’s current enterprise software system for a minimum of 15 additional years from the time that they switch to Rimini Street.

“The Collaborative Marketplace Agreement ensures that agencies across New Zealand are now able to easily source Rimini Street’s more affordable and higher quality alternatives for their Oracle, SAP and Salesforce enterprise software maintenance needs,” said Emmanuelle Hose, regional general manager for Australia and New Zealand, Rimini Street. “This new agreement will provide more choice for New Zealand government agencies by enabling a more streamlined procurement process for critical enterprise software services, while also helping them optimize their IT spend.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) 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 3,700 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 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; the terms and impact of our outstanding 13.00% Series A Preferred Stock; 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 November 5, 2020, 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.

© 2021 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/20210208005003/en/

FAQ

What does Rimini Street's approval as a supplier on the New Zealand Government Marketplace mean for RMNI stock?

The approval facilitates easier procurement of services, potentially leading to increased revenue and positive market perception for RMNI.

How can New Zealand government agencies benefit from Rimini Street's services?

Agencies can access cost-effective enterprise software support without lengthy contract negotiations, leading to potential savings.

What types of software does Rimini Street support for New Zealand agencies?

Rimini Street provides support for Oracle, SAP, and Salesforce software systems.

How does Rimini Street's service level agreement benefit its clients?

The service level agreement guarantees a 10-minute response time for critical issues and dedicated support from experienced engineers.