Rimini Street Client Kumagai Gumi Receives IT Award from Japan Institute of Information Technology

Recognized for adoption of independent software support and cloud services, enabling the reallocation of IT budget to new strategic initiatives

LAS VEGAS, February 15, 2017 Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail, Oracle Agile PLM and Oracle ATG Web Commerce software, today announced that Kumagai Gumi Co., Ltd. received the IT Special Award from the Japan Institute of Information Technology (JIIT). The organization was recognized for its innovative utilization of Rimini Street independent support and adoption of cloud services that have allowed the company to save IT budget and resources, and reallocate these savings to advance new strategic areas of growth. JIIT’s IT Special Award recognizes outstanding achievements by a company, department or individual who has helped strengthen management performance through innovative IT.

As part of its long-term IT infrastructure roadmap, Kumagai Gumi proactively evaluated and utilized external services to help drive down the cost of operations and allow for more optimal allocation of funds to strategic areas of the business. This included switching the maintenance and support for their SAP ERP system from the ERP vendor to Rimini Street. In addition, Kumagai Gumi moved its existing on-premise servers, database systems, email systems, TV conference application and groupware to a cloud service environment.

Savings of Over 100 Million Yen Funds Strategic Project

As a result of these efforts, Kumagai Gumi was able to avoid a large expense to their existing software application simply because it was nearing the end of vendor support, and also leverage their cloud infrastructure. These strategies helped the organization reduce immediate IT costs associated with an upgrade by 100 million yen, and cut down operations and maintenance expenses by about 40 million yen every year. The company was then able to redistribute these budget savings into new projects, including the installation of 800 iPads to help improve operational efficiencies.

“We are very pleased that our efforts to achieve IT budget optimization were recognized with this award. Our primary focus has been to find solutions that allow us to reduce our valuable IT budget and instead utilize the liberated funds to improve the efficiency and working practices of our employees,” said Mr. Isao Shigihara, manager of the IT Planning Group, Corporate Planning Department, Kumagai Gumi. “I think there are companies that are still evaluating the move to independent support, or hesitant to adopt the cloud due to uncertainty and cost, but we have taken a very proactive position to introduce these advanced technologies and services throughout our organization to continue to gain market share and remain competitive.”

Company’s IT Cost Optimization Efforts Earn Recognition

Mr. Shigihara was responsible for the identification and analysis of external services for Kumagai Gumi, including evaluating a switch from ERP vendor support to independent support. Based on his efforts, which resulted in helping the company realize an increase in the ROI of their IT investments, Kumagai Gumi was recognized by JIIT for its efforts in supporting their overall business management strategies through IT innovation.

“Reducing the costs associated with IT infrastructure is one of the biggest challenges for companies today – not only in Japan, but globally – and Kumagai Gumi is a prime example of how to do this effectively and net very powerful results,” said Yorio Wakisaka, country manager, Nihon Rimini Street. “Rimini Street’s maintenance and support model cuts annual Oracle and SAP vendor maintenance costs in half, and also makes it possible to reduce total maintenance costs by up to 90%. Adoption of Rimini Street is the best option for companies looking to maximize their IT investments and leverage existing and stable ERP systems for a minimum of 15 years guaranteed.”

The ceremony and memorial lecture for the JIIT Information Technology Awards was held at the Tokyo Conference Center Shinagawa on February 9th and 10th, 2017.

To learn more, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. More than 2,000 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit https://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, catastrophic events that disrupt our business, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K to be filed by March 16, 2020, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.


# # #

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

Investor Relations Contact:
Dean Pohl
Rimini Street, Inc.
+1 203 347-4446
[email protected]

Media Relations Contact:
Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
[email protected]

Relações com investidores:

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
Relações com a mídia: