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Industry expert, analyst and author of “SAP Nation,” Vinnie Mirchandani reports that several clients’ recent decisions to switch from Oracle and SAP to Rimini Street is “an indication of coming significant churn in the enterprise software market.” He cites upgrades as a “major driver” for the move to independent support and believes SAP’s S4HANA “could open the floodgates.”
Top global airplane manufacturer, Embraer, talks about their move from SAP support to independent support with Rimini Street and increasing their ability to drive innovation. According to CIO Alexandre Baule, “Our ratio of IT maintenance costs to innovative projects, which formerly was 70/30, is now 50/50.”
Rimini Street’s preliminary Q4 and full year 2014 results included generating net revenues of $86.7 million in 2014, an increase of 42 percent over 2013. The Company also surpassed $100 million in annualized subscription revenue for the first time, reaching $107.1 million, as reported by Inside SAP magazine.