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Award Recognizes Company's Innovative and Proven Software Support Model Already Being Leveraged by Hundreds of Organizations Worldwide
LAS VEGAS - May 29, 2012 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYSE:SAP) software and Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite and Oracle Database software, today announced that it was named to the 2012 Red Herring Top 100 Americas list of the leading private companies in North America. The prestigious award recognizes Rimini Street's unique position as an innovator and proven leader in the enterprise software support industry, providing hundreds of clients around the world with significant savings and a more responsive service model since 2005.
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Rimini Street embodies the vision, drive and innovation that define a successful entrepreneurial venture. Rimini Street should be proud of its accomplishment, as the competition was very strong."
As a Red Herring Top 100 winner, Rimini Street joins an exclusive list that has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay would change the way we live and work.
"Rimini Street is honored to be recognized by Red Herring as a Top 100 company. This is yet another important acknowledgement of the Company's unmatched focus and experience in providing an innovative and robust service that has helped hundreds of Oracle and SAP software licensees maximize ROI on their existing ERP investments and save up to 90 percent in total cost of maintenance, while enjoying ultra-responsive, 24x7x365 support," said Seth Ravin, Rimini Street CEO. "We continue our commitment to deliver superior value to clients who switch from vendor support to Rimini Street. Existing clients include hundreds of organizations from virtually every industry, and include 56 of the Fortune 500 and 14 of the Global 100."
Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save 50 percent on annual support fees and save up to 90 percent on total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of global, Fortune 500, midmarket, and public sector organizations from virtually all industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com or call within the USA 888-870-9692 or internationally 702-839-9671.
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