Rimini Street Partners with The Valspar Corporation to Enhance Global IT Budget Efficiency and Effectiveness in Support of Company’s Top Corporate Initiatives
Company Able to Reallocate Portion of Total Global IT Budget with Stroke of a Pen
LAS VEGAS – September 3, 2013 — Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software, today announced that it has been selected by The Valspar Corporation (NYSE: VAL) to support the company’s Oracle E-Business Suite 11.5.10. Choosing Rimini Street Support will enable Valspar to help generate significant savings from its annual support costs and reallocate a portion of its total global IT budget to focus on strategic growth initiatives. Like Valspar, many companies with operations around the world have turned to Rimini Street to gain control over their ERP software roadmap and significantly reduce total support costs, enabling them to fund innovative projects that drive competitive edge, while gaining improved, ultra-premium service features, including support for customizations at no additional cost.
“By partnering with Rimini Street, Valspar was able to reallocate a portion of its total global IT budget to growth initiatives with the stroke of a pen,” said Tom Grooms, vice president and chief information officer of Valspar. “Rimini Street’s total value proposition, the breadth and depth of all the expertise it brings and the willingness to help us be successful, significantly enhances our strategic capabilities as an IT function. Rimini Street’s value is not incremental – it has a multiplier effect on our operations.”
Valspar Avoids Expensive Upgrade to Oracle E-Business Suite R12, Maximizes Existing R11 Release to Support International Growth Strategy
Based in Minneapolis, Minn. with employees in more than 25 countries, Valspar is among the leading international manufacturers of paints and coatings in the world. For more than 200 years, the Fortune-ranked company has made its mark by creating high-quality functional and decorative coatings for well-known brands in a variety of industries. In recent years, the company has experienced rapid growth, making strategic acquisitions and expanding internationally to build on its global brand.
“Valspar’s current business objective is not to upgrade, but rather to continue implementing EBS 11i as we continue to grow our business globally,” added Grooms. “We find that we can manage our upgrade cycles more efficiently through the flexibility offered by Rimini Street. This gives us a big advantage in how we deploy our resources and prioritize our upgrades.”
Rimini Street Partnership Helps IT Department Drive Major Corporate Initiative
Valspar switched to Rimini Street from Oracle support in 2012, enabling the company to significantly cut its annual support costs. As the company pursued its dynamic global growth strategy, its relationship with Rimini Street expanded beyond break/fix software support into a valued partnership, which included strategic guidance and deeper business conversations. At the support level, Rimini Street also helped drive significant reductions in related support and maintenance costs by providing support for customizations, interoperability, performance and interfaces at no additional fee. Additionally, Rimini Street provides clients with a 24X7X365 premium-level service model with an assigned Primary Support Engineer (PSE) that eliminates the need for extra maintenance resources and headcount associated with inefficient, burdensome vendor support processes and policies.
“Rimini Street is pleased to be a valued partner to Valspar as it continues to implement its explosive international growth strategy and transform the coatings industry, while expanding and standardizing its Oracle E-Business Suite implementation around the world,” said Seth Ravin, CEO, Rimini Street. “With more than 660 organizations around the world already switching their support to Rimini Street, including 75 of the Fortune 500 and 16 of the global 100, Rimini Street will help our clients run their existing Oracle and SAP applications for at least a decade, while saving up to 90 percent off their total support costs. Rimini Street clients benefit from innovative, premium-level support that also enables them to reallocate resources towards initiatives that help with the bottom line.”
About The Valspar Corporation
The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valsparglobal.com.
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, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs over a decade, including saving 50 percent on annual support fees. 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 +1 702-839-9671.
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