Rimini Street, Inc. (Nasdaq: RMNI) stands as a global leader in providing comprehensive enterprise software support, products, and services. As a Russell 2000® Company, Rimini Street has established itself as the premier third-party support provider for Oracle and SAP software, alongside its valuable partnerships with Salesforce and AWS. Operating worldwide, Rimini Street offers a unified suite of solutions designed to manage, support, customize, connect, secure, monitor, and optimize enterprise application, database, and technology software. This empowers organizations to achieve superior business outcomes, realize substantial cost reductions, and strategically reallocate resources towards innovation. Trusted by over 5,000 organizations, including Fortune 500, Fortune Global 100, midmarket, and public sector entities across diverse industries, Rimini Street is a reliable partner for enterprise software solutions. For deeper insights, please visit Rimini Street’s website and engage with Rimini Street on social media platforms such as Twitter, Facebook, and LinkedIn. (IR-RMNI)
Rimini Street’s global operations underscore its commitment to serving partners and clients worldwide.
Rimini Street’s Comprehensive Support Solutions
Rimini Street distinguishes itself by delivering end-to-end enterprise software support that goes beyond traditional vendor offerings. For organizations reliant on complex systems like PeopleSoft, Oracle, and SAP, Rimini Street provides a robust alternative for ongoing maintenance and support. This third-party support model allows companies to break free from the cycle of expensive and often unnecessary upgrades dictated by software vendors. Instead, businesses gain greater control over their IT roadmaps and budgets, ensuring their existing PeopleSoft and other enterprise systems operate efficiently for as long as needed.
This approach is particularly beneficial for Partners Peoplesoft ecosystem. Consulting firms, system integrators, and other service providers who work with PeopleSoft clients can leverage Rimini Street’s expertise to offer enhanced value. By partnering with Rimini Street, these organizations can ensure their clients receive top-tier support without the hefty price tag associated with direct vendor support. This collaboration fosters stronger client relationships and opens up new avenues for partners to expand their service offerings.
Empowering PeopleSoft Clients Through Strategic Partnerships
Rimini Street’s focus on partnerships extends to creating a collaborative environment that benefits PeopleSoft clients. The company understands that many organizations rely on a network of partners for various aspects of their PeopleSoft implementations, from initial setup to ongoing customizations. Rimini Street integrates seamlessly into this ecosystem, providing specialized support that complements the services offered by these partners peoplesoft.
By choosing Rimini Street, PeopleSoft clients gain access to a responsive and expert support team that is well-versed in the intricacies of PeopleSoft systems. This allows internal IT teams and external partners peoplesoft to focus on strategic initiatives rather than being bogged down by routine maintenance tasks or troubleshooting complex software issues. The result is a more efficient and agile IT operation, driving greater value from PeopleSoft investments.
Cost Savings and Innovation for PeopleSoft and Beyond
One of the most compelling advantages of Rimini Street’s support model is the significant cost savings it offers. Organizations transitioning from vendor support to Rimini Street typically realize substantial reductions in annual support fees. These savings are not just marginal; they represent a significant reallocation of funds that can be strategically invested in innovation and business growth. For companies utilizing PeopleSoft, these savings can be particularly impactful, freeing up resources to modernize other areas of the IT landscape or invest in digital transformation projects.
Furthermore, Rimini Street’s commitment to innovation is evident in its proactive approach to support. The company provides advanced technologies and services that help clients optimize their existing PeopleSoft and other enterprise software environments. This includes custom development, integration services, and security solutions, all designed to enhance the performance and longevity of these critical systems. By partnering with Rimini Street, organizations not only save money but also gain access to a broader range of services that drive efficiency and innovation.
Forward-Looking Growth and Global Reach
Rimini Street is dedicated to continued global expansion and the ongoing development of its comprehensive suite of enterprise software solutions. The company’s forward-looking statements reflect a commitment to growth initiatives and strategic investments aimed at further enhancing its service offerings and global footprint. Rimini Street anticipates that by focusing on client success and fostering strong partners peoplesoft relationships, it will continue to solidify its position as a trusted leader in the third-party support industry.
Forward-Looking Statements
This communication includes certain statements that are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are identified by terms such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or similar expressions. These forward-looking statements pertain to expectations regarding future events, opportunities, global expansion, growth initiatives, and related investments. These statements are based on current management expectations and various assumptions, and therefore, actual results may differ materially due to risks and uncertainties associated with Rimini Street’s business.
These risks and uncertainties encompass factors such as: potential adverse developments and costs related to litigation; changes in the business environment and economic conditions, including recessionary trends, foreign exchange fluctuations, and geopolitical instability; the evolution of the enterprise software management and support landscape; competitive pressures in the software support services sector; client adoption rates of Rimini Street’s expanded product and service portfolio; the ability to achieve revenue growth and profitability; variability in the sales cycle and client retention rates; risks associated with talent management and retention; challenges in managing growth profitably; the need for and ability to secure additional financing; the impact of ESG matters; effects of the COVID-19 pandemic; risks related to global operations and cybersecurity threats; the ability to maintain internal controls over financial reporting; brand and intellectual property protection; changes in laws and regulations, including tax policies; obligations under credit facilities and associated interest rate risks; the adequacy of cash resources; and potential catastrophic events. For a comprehensive list of risks and uncertainties, refer to Rimini Street’s filings with the Securities and Exchange Commission, including the Quarterly Report on Form 10-Q filed on May 3, 2023, and subsequent reports.
Rimini Street’s forward-looking statements reflect expectations and views as of the date of this communication and are subject to change. While Rimini Street may choose to update these statements, the company disclaims any obligation to do so, except as legally required. Therefore, these forward-looking statements should not be considered as representing Rimini Street’s views beyond the date of this communication.
