LAS VEGAS and BEIJING, October 13, 2015 - Rimini Street, Inc., the leading independent provider of enterprise software support services for SAP SE's (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation's (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLM software, today announced the appointment of Frank Chou as general manager, Greater China. In this newly created role, Chou is responsible for leading the growth and expansion of Rimini Street's service offerings across Greater China, which includes China, Hong Kong and Taiwan. The region represents one of the largest market opportunities for the Company's new class of enterprise software support services for Oracle and SAP clients. The company is expanding operations in Greater China due to strong local market demand as well as continued fast-paced growth throughout the APAC region, including a 231% increase in APAC revenue in the 12-month period ending June 30, 2015, compared with the prior 12-month period.
Prior to joining Rimini Street, Chou served as the CIO for China National Chemical Corporation (ChemChina), where he led management transformation and IT initiatives. During his time at ChemChina, he was recognized and named as one of the Chinese Chief Information Officer Union's “Top 100 CIOs of 2014.” Before this, Chou spent over 20 years as a consultant with Accenture, culminating his tenure there as the lead partner for the firm's Greater China Energy/Natural Resources & Chemical practice.
“Dissatisfaction with the software vendor’s maintenance and support is a common occurrence among CIOs and IT users in Greater China,” said Chou. “The independent software maintenance and support offered by Rimini Street creates new ’rules of the game’ by bringing a more compelling and value-driven choice to CIOs in this region. We have had enthusiastic response to our market entry here, and look forward to continuing to deliver our award-winning services and support to Oracle and SAP licensees across the Greater China region.”
The Company’s expansion into Greater China addresses one of the largest ERP markets in the world. Rimini Street currently supports 67 global companies with operations in Greater China, including ChemChina, Sympatex Holding GmbH, NCH Corporation, Tempel Steel Company and Southco, Inc. The Company is building on robust growth across the entire APAC region, with a 142% percent increase in signed clients as of June 30, 2015, compared to a year ago. Rimini Street (HK) Ltd. commenced operations in Hong Kong in July 2015, and Rimini Street will operate its Greater China headquarters from Beijing as Rimini Street Software Technical Services (Beijing) Ltd.
"We entered the Greater China market based on growing demand and opportunity in the region, and are now expanding our local infrastructure, operation and capabilities," said Seth Ravin, Rimini Street CEO. "As a CIO who personally embraced the value and benefits of independent maintenance by selecting Rimini Street support for his prior employer, and has deep IT industry and regional experience, we believe Mr. Chou is uniquely qualified to lead Rimini Street's expansion and investment in Greater China. We are very pleased to welcome Mr. Chou to our global executive leadership team."
Rimini Street is the global leader in providing independent enterprise software support services. The company has redefined enterprise support services since 2005 with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for at least 15 years. Over 1,150 global, Fortune 500, midmarket, and public sector organizations from a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit http://www.riministreet.com.
This press release may contain forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and are based on various assumptions. If the risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Rimini Street assumes no obligation to update any forward-looking statements or information, which speak only as of the date of this press release.
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