Press Releases

Rimini Street Appoints Enterprise Software Support Sales Veteran to Executive Team

1/13/2009

Worldwide Sales Leader to Help Clients Maximize the Value of their Software Investment

Las Vegas, January 13, 2009 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) for Siebel, PeopleSoft, and JD Edwards software, today announced the appointment of Kevin Maddock to the role of senior vice president, global sales. Maddock will be a member of the Executive Team and oversee all worldwide sales activities for Rimini Street.

Maddock is a 22 year software support services and technology industry veteran, with significant experience building, developing, and leading global support services sales teams with annual revenue commitments over one billion dollars. Prior to joining Rimini Street, Maddock served as executive vice president of worldwide inside sales and operations for ServiceSource, the industry leader in outsourced maintenance renewal and sales for technology companies. Maddock served as a member of the Executive Team where he had overall global leadership and P&L responsibilities for building and operating a 500 person sales organization that delivered more than one billion dollars in service sales and a five-fold increase in revenue growth.

Prior to ServiceSource, Maddock was vice president of worldwide support service sales at PeopleSoft, Inc. with responsibility for the development, strategic direction and day-to-day leadership of a global sales organization. During Maddock's tenure at PeopleSoft, he oversaw worldwide growth in annual support services revenue for PeopleSoft and JD Edwards products from 250 million dollars to over 1.2 billion dollars. Earlier in his career, Maddock held senior management roles at KPMG Consulting and Andersen Consulting (now Accenture).

"The current economic environment has accelerated the growing desire by organizations of all sizes to reduce IT costs and to extend the lifespan of their stable and mature enterprise software, creating a strong demand for third party enterprise software maintenance programs," said Maddock. "Rimini Street is the leading provider of innovative third party alternative maintenance programs for hundreds of Global, Fortune 500, mid-market, and public sector organizations choosing to maximize the value of their enterprise software investment. Rimini Street delivers ultra-responsive service, excellent support and high quality deliverables to its clients. I'm extremely excited to join such a talented team and help Rimini Street meet the strong and growing global demand for its services."

"With the addition of Kevin Maddock to our Executive Team, Rimini Street is well positioned to execute the next phase of our aggressive global growth plans," said said Seth Ravin, president and CEO, Rimini Street. "Kevin is one of the leading experts in the world on enterprise software maintenance sales. His substantial industry experience will bring additional capabilities to our sales operations, and he will work diligently to ensure clients are able to maximize the value of their enterprise software investment."

About Rimini Street, Inc.

Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, next-generation program that enables Siebel, PeopleSoft, JD Edwards, and SAP licensees to save at least 50% in annual support fees and to remain on their current software release without any required upgrades or migrations through 2020 and beyond. Global, Fortune 500, mid-market, and public sector organizations from nearly all industries have selected Rimini Street as their trusted, software vendor independent support provider. To learn more, please visit http://www.riministreet.com or call (702) 839-9671.

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Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2009. All rights reserved.

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