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Rimini Street Brings Industry-Leading Support Services to International Markets
Company's First Year Marked by Aggressive Growth, Product Line Expansion and Key Executive Hires
SAN FRANCISCO, Oct. 23, 2006 - Rimini Street, Inc., the leading independent maintenance and support provider for Siebel, PeopleSoft, and JD Edwards (NASDAQ: ORCL) software, today announced at Oracle OpenWorld 2006 plans to bring its industry-leading support services overseas, with initial international operations in the Asia-Pacific region. Also announced today were recent highlights of the company's exceptional first year in business, which culminated in the appointment of enterprise software industry veterans from Siebel, PeopleSoft and SAP to the executive management team, the hiring of senior support professionals, launch of three product lines, and closing of a significant number of customer contracts. Rimini Street launched 12 months ago at Oracle OpenWorld 2005.
Rimini Street will begin the first phase of its international expansion in the Asia-Pacific region, with support services available in Australia and New Zealand beginning in the first quarter of 2007. Rimini Street support services in Australia and New Zealand will include support for Siebel, PeopleSoft Enterprise and JD Edwards World and OneWorld (EntepriseOne) products. Subsequent phases of international expansion will include other major regions in Asia-Pacific and Europe.
Rimini Street offers the most innovative software support program in the industry. Features include up to ten years of support, application fixes, tax and regulatory updates, and first-of-its-kind support for client-made application customizations, interoperability and performance -- all without any forced upgrades and at more than a 50 percent savings when compared to Oracle annual maintenance fees. All of these standard program features will be available internationally, including a named primary support engineer assigned to each client and 30-minute engineer response time at no additional cost.
"International expansion is the next phase of our aggressive growth strategy and plan, and caps off a successful first year for Rimini Street," said Seth Ravin, president & CEO of Rimini Street. "Our innovative independent support program, proven people, cumulative industry experience and commitment to customer success are combining to make Rimini Street the support vendor of choice for more and more Fortune 500, mid-market and public sector organizations. In the coming year, our plan is to focus on expanding into more international regions, significantly growing our North American operations and launching additional support services for new product lines," added Ravin.
Rimini Street continues to add new support clients at an increasing pace. New customers, such as Wenger Manufacturing of Sabetha, Kansas, cite Rimini Street's commitment to service, solution breadth and value, experienced team, and vendor independence as among the key reasons they selected the company as their support provider.
"Our decision to go with Rimini Street for our support needs was simple," said Jesse Mitchell of Wenger Manufacturing's IT Group. "They offered us a level of care at or above what we were currently seeing with Siebel and Oracle at a fraction of the price."
From Company Launch to Market Leader.... In Just One Year
Rimini Street has recently achieved several significant business milestones, including:
- The appointments of Beth Lester, vice president, PeopleSoft Support Services, and George Lester, vice president, Information Technology, to the Rimini Street executive team. Both Mr. Lester and Ms. Lester joined from TomorrowNow, a subsidiary of SAP (NYSE: SAP), and are widely considered among the most experienced PeopleSoft support specialists in the industry.
- Strong client validation and adoption of Siebel and PeopleSoft product lines. With the most experienced team in the industry, Rimini Street built and now delivers industry-leading support services to Siebel and PeopleSoft customers with the highest standard service-level commitment available today.
- Aggressive product line additions, including the launch of support services for JD Edwards World and OneWorld products. This latest Rimini Street support service is set to begin in December 2006 and will be offered for a wide-breadth of JD Edwards products and releases.
About Rimini Street, Inc.
Headquartered in Las Vegas with operations throughout North America, Rimini Street is the leading independent provider of enterprise software support services. The company is redefining the market with an innovative, next-generation support program that enables Siebel, PeopleSoft, and JD Edwards licensees to remain on their current software release without any required upgrades or migrations for ten years or more. In addition to a higher service-level commitment, Rimini Street provides customers with an average savings of more than 50 percent in annual support fees when compared to Oracle. To learn more, please visit www.riministreet.com or call (702) 839-9671.
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 © 2006. All rights reserved.