Rimini Street Promotes and Appoints New Regional GM for OCEANIA

Rhea-AI Summary

Rimini Street, Inc. (Nasdaq: RMNI) has appointed Daniel Benad as group vice president and regional general manager for the OCEANIA region. In this role, he will oversee all business operations in Australia, New Zealand, and the South Pacific. Benad, who joined Rimini Street in 2020, takes over from Emmanuelle Hose, now managing the EMEA region. The company aims to enhance its growth strategy to achieve $1 billion in annual revenue by 2026, supporting over 160 organizations in the region with enterprise software solutions.

Positive

• Appointment of Daniel Benad enhances leadership in the OCEANIA region.
• Benad's experience could drive growth and operational success.
• Company supports over 160 organizations, indicating strong market presence.

Negative

• Change in leadership may raise concerns about continuity.
• Potential experience gaps could affect strategy implementation.

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 the promotion and appointment of Daniel Benad to group vice president and regional general manager, Australia, New Zealand and South Pacific (OCEANIA). In this role, Benad is responsible for the Company’s full business operations in the region, including sales, client success, service delivery and field marketing. Benad reports to Gerard Brossard, chief operating officer at Rimini Street, and replaces Emmanuelle Hose, who was recently promoted and appointed as group vice president and theatre general manager of the Company’s Europe, Middle East, and Africa (EMEA) operations.

Rimini Street Promotes and Appoints Daniel Benad as New Regional GM for OCEANIA (Photo: Business Wire)

Benad has held increasing roles of responsibility at Rimini Street since joining the Company in 2020 and most recently held the positions of acting general manager (GM), OCEANIA and vice president, sales, OCEANIA. Benad brings a track-record of leadership and sales success at Rimini Street, Oracle and SAP to his new GM role. The Company already supports more than 160 public sector and commercial organizations with operations in Australia, New Zealand and the South Pacific, including Queensland University of Technology, Federal Group Hotels, Ampol, Toll Holdings, Elders, James Pascoe Group, Australian Hearing and Open Universities Australia.

Benad and his team are ready to lead the OCEANIA region to achieve its next phase of aggressive growth and success, delivering Rimini Street’s broad portfolio of managed technical and functional solutions to enterprise software licensees who are looking to take back the control of their IT roadmap, avoid expensive and wasteful ERP refresh projects and align their mission with more strategic business priorities. Rimini Street can help free up significant resources – time, money and personnel – to help organizations focus on and fund digital transformation that is needed to increase business value and growth.

“I am thrilled to be leading the OCEANIA region and will build on the strong momentum and demand for our award-winning enterprise software support services,” said Benad. “Organizations in Australia, New Zealand and the South Pacific seek strategies to drive more innovative, self-funding initiatives and find new revenue streams. Rimini Street is well positioned to help them reduce their annual spend on core transaction systems like ERP and improve the ROI on those investments, all while unlocking working capital to fund projects that improve competitive advantage and drive growth.”

“As Rimini Street marches towards its stated target of achieving $1 billion in annual revenue by 2026, our regional and theatre GM’s are key to helping us achieve our operational goals,” said Brossard. “Daniel’s proven success, operational and sales experience and knowledge of SAP and Oracle software, coupled with our unique breadth of solutions, creates a powerful combination as we execute our aggressive growth strategy across the OCEANIA region.”

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 4,000 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; 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 May 10, 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.

© 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/20210706005240/en/

FAQ

What role has Daniel Benad been appointed to at Rimini Street?

Daniel Benad has been appointed as group vice president and regional general manager for the OCEANIA region.

What are the responsibilities of Daniel Benad in his new position?

He will oversee sales, client success, service delivery, and field marketing operations in Australia, New Zealand, and the South Pacific.

Who did Daniel Benad replace at Rimini Street?

He replaces Emmanuelle Hose, who has been promoted to manage the EMEA operations.

What is Rimini Street's revenue target by 2026?

The company aims to achieve $1 billion in annual revenue by 2026.

How many organizations does Rimini Street support in the OCEANIA region?

Rimini Street currently supports over 160 public sector and commercial organizations in the OCEANIA region.