July 11, 2014 9:49 PM ET

IT Services

Company Overview of Rimini Street, Inc.

Company Overview

Rimini Street, Inc. provides enterprise software maintenance and support services worldwide. Its services include issue resolution and software bug fixes; and tax, legal, and regulatory support services, as well as application customization support, performance and interoperability analysis, and a direct hotline. The company also provides Rimini Street Cloud Services, a service to help Oracle and SAP licensees integrate cloud applications into their IT landscape. It sells its solutions directly to various industries. Rimini Street, Inc. was founded in 2005 and is headquartered in Las Vegas, Nevada with an additional office in London, United Kingdom.

3993 Howard Hughes Parkway

Suite 780

Las Vegas, NV 89169

United States

Founded in 2005

400 Employees

Phone:

702-839-9671

Fax:

702-973-7491

Key Executives for Rimini Street, Inc.

Founder
Age: 47
President and Chief Operating Officer
Age: 49
Chief Financial Officer
Age: 48
Chief Information Officer
Age: 48
Senior Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Rimini Street, Inc. Key Developments

Rimini Street Opens Newest Location in London's Canary Wharf

Rimini Street, Inc. formally opened its new office in London's Canary Wharf to support its continued growth in the UK and Europe. The company has achieved continued growth and client success in EMEA. The company also reported several new clients in the Netherlands, France, the Czech Republic and Finland, further expanding its global footprint and presence in the region. Led by Jill Harrison, Rimini Street's managing director of Europe and Africa, the new office will support the company's continuing growth in the region.

Rimini Street, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Rimini Street, Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported that net loss was $7.07 million or $0.07 loss per class B common share compared to a net loss of $2.02 million or $0.02 loss per class B common share for the same quarter ended March 31, 2013. Net revenues were $18.47 million compared to $13.14 million for the same quarter ended March 31, 2013. Operating loss was $6.61 million compared to an operating loss of $1.75 million for the same quarter ended March 31, 2013.

Rimini Street, Inc. Unveils Cloud Services for Oracle and SAP Licensees

Rimini Street, Inc. has unveiled Rimini Street Cloud Services, a new service designed to help Oracle and SAP licensees integrate cloud applications into their IT landscape. The company also announced the availability of the first two Cloud Support Packages for Salesforce.com and Workday products. With the launch of Cloud Services, Rimini Street expands its support offering to help clients more rapidly and cost-effectively integrate Cloud solutions into their IT landscape, while providing comprehensive support for their mission-critical Oracle and SAP core transaction systems. Due to their maintenance policies, Oracle and SAP leave licensees who are moving to hybrid IT environments in the difficult and complex position of potentially having to pay expensive maintenance for products no longer being used. Rimini Street can help licensees save IT dollars by cutting Oracle and SAP annual maintenance fees by 50% and helping them navigate around these vendor support policy complexities and related costs. Rimini Street Cloud Services is a packaged service offering designed to help Oracle and SAP licensees transform their current on-premise, single-vendor IT model into a hybrid IT landscape with the integration of Cloud software components. Rimini Street Cloud Services provides full support for the Oracle or SAP applications being migrated to a Salesforce.com or Workday application up through the go-live transition date. Rimini Street will also offer support for core Oracle and SAP applications continuing in operation as part of core transaction systems of record. Rimini Street Cloud Services assist the project team with data and operations migration planning for any applications being migrated from Oracle or SAP to Salesforce.com or Workday applications, as well as data and process integration with Oracle or SAP applications. Rimini Street Cloud Services provide support on any Oracle or SAP products that have been migrated to a Salesforce.com or Workday application, allowing the de-commissioned system to remain live and available for reporting and data look-up purposes for as long as an organization needs such data access. Rimini Street Cloud Services enables clients to: use savings from switch to Rimini Street support to fund new Cloud implementation projects; gain competitive advantage by deploying innovative, best-of-breed Cloud solutions; increase flexibility in how and when Cloud solutions are adopted without the limitations and high costs associated with software vendor support policies; and stabilize the core hybrid IT environment by continuing to run and leverage stable ERP on-premise components for at least 15 years after switching to Rimini Street, and avoiding forced upgrades.

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