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Rimini Street Congratulates Valspar’s Tom Grooms for 2014 CIO of the Year Award
CIO Recognized for Driving Growth and Innovation by Switching Support of Oracle E-Business Suite from Oracle to Rimini Street
SAN FRANCISCO - Oracle OpenWorld 2014, September 30, 2014 - Rimini Street, Inc., the leading independent provider of enterprise software support for 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, Oracle Middleware, Hyperion and Oracle Retail software, today congratulates Tom Grooms, VP and Chief Information Officer at The Valspar Corporation (NYSE: VAL), for being named 2014 CIO of the Year by the Golden Bridge Awards, a premier awards program encompassing the world's best in every major industry. Grooms was recognized for driving innovative projects that accelerated the company's growth and competitive edge in the industry through the use of Rimini Street independent support for its Oracle E-Business Suite 11.5.10 release.
Valspar Drove Major Corporate Initiative by Leveraging Rimini Street
Valspar, one of the leading international manufacturers of paints and coatings in the world, has experienced rapid growth in the past few years, making strategic acquisitions and expanding internationally to build on its global brand. In 2012, Valspar made the switch from Oracle support to Rimini Street independent support and as a result, was able to free up and re-purpose significant funds previously consumed by Oracle to support their existing Oracle E-Business Suite environment. Rimini Street Support also enabled additional reductions in related support and maintenance costs by providing support for customizations, interoperability, performance and interfaces at no additional fee.
Led by Grooms, Valspar recently implemented an innovative initiative bringing pricing capability and analytics platforms together with a master data management system to transform and empower their salesforce and help larger retail customers with business optimization. These transformations have helped Valspar continue its strong growth trajectory and better compete in the marketplace. More importantly, Grooms was able to fund these initiatives with savings gleaned from IT budget efficiencies and resource benefits after switching from Oracle to Rimini Street support for their E-Business Suite implementation.
“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 Grooms. “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.”
Benefits of Independent Support Beyond Cost Savings
Valspar realized additional benefits after switching to independent support, including an assigned Primary Support Engineer (PSE) available 24x7x365 that eliminates the need for extra maintenance resources and headcount as well as ultra-responsive support with a guaranteed response time of 30 minutes or less. Adding to their significant cost savings, Valspar was able to avoid a costly and unnecessary forced upgrade required by Oracle to receive full support, and obtain from Rimini Street guaranteed support availability for a minimum of 15 more years for its existing Oracle E-Business 11.5.10 release without required upgrades.
"Congratulations to Tom Grooms and the team at Valspar on their well-deserved recognition as IT innovators," said Seth Ravin, CEO, Rimini Street. "As a trusted partner to a growing family of more than 850 signed clients around the world, including 91 Fortune 500 and 16 Fortune Global 100 clients, Rimini Street is focused and committed to helping organizations like Valspar leverage Rimini Street's award-winning support to meet strategic objectives with significant cost savings, a more robust and responsive support model, and maximum return from existing IT investments."
About Rimini Street, Inc.
Rimini Street is the leading independent 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 their annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 15 years after switching to Rimini Street. Hundreds of clients, including global, Fortune 500, midmarket, and public sector organizations from across a broad range of 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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