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Rimini Street Once Again Named to Inc. Magazine’s List of Fastest-Growing Private Companies
Company Recognized for 149-Percent Three-Year Revenue Growth
LAS VEGAS – August 26, 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 was named to the 2013 Inc. 500-5000 list. The Company was also listed as one of the top 10 companies headquartered in Nevada. This is the third year in a row that Rimini Street has been included in the Inc. 500-5000 list, an exclusive ranking of the nation’s fastest-growing private companies, which was unveiled in the September 2013 issue of Inc.
Companies are ranked according to percentage revenue growth when comparing 2009 to 2012. Rimini Street reported 2012 annual revenue of $43.7 million, a 149-percent growth from 2009, making it one of the fastest-growing companies in the U.S., and the only third-party enterprise software support provider to make the list.
Rimini Street’s Focus on Ultra-Responsive Service and Client Value Drives Growth
Enterprise software licensees continue to seek more responsive service and better value for their annual maintenance fees, driving significant annual growth for Rimini Street. The Company recently reported record results for the quarter ended June 30, 2013, including the largest sales quarter in company history with 57 new client transactions and more than $140 million in new sales contracting activity, a 165-percent increase over the year ago quarter.
Rimini Street has signed more than 660 total clients, including 75 of the Fortune 500 and 16 of the Global 100. The Company currently supports client operations in more than 70 countries. “Rimini Street’s continued strong growth over the past several years stems directly from the increasing number of Oracle and SAP licensees who are demanding a value-driven support alternative that provides a more relative, responsive support model at a substantial cost savings,” said Seth Ravin, Rimini Street CEO. “Rimini Street continues to be laser-focused on delivering the most innovative support program to our clients, which enables up to a 90-percent savings in total support costs and the most responsive 24X7X365 service level commitment in the enterprise software support industry.”
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/5000.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.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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