Top US School District Switches to Rimini Street for Oracle Database and Oracle E-Business Suite Support

Douglas County School District using savings to develop district-wide data visualization capabilities

LAS VEGAS – January 14, 2016 – 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 that Douglas County School District, the third largest school district in the state of Colorado, has switched to Rimini Street for support of the organization’s Oracle Database 11.2 and Oracle E-Business Suite (EBS) 11.5.10 software, including support for its EBS payroll application. In choosing Rimini Street for support of its Oracle products, Douglas County School District has shifted funding to more innovative technology and IT initiatives such as a district-wide data visualization platform that will help enhance the district’s decisionmaking capabilities, to better deliver on its mission of providing a world-class education to its students.

“As a public school district, we are constantly assessing ways to reduce costs in order to put that money back into the classrooms and other investments that help our students in their educational pursuits,” said Gautam Sethi, chief technology officer at Douglas County School District. “One of our most expensive contracts was for Oracle EBS and database products, and after speaking to several organizations that had already moved to independent support, we concluded that switching to Rimini Street was the smart strategy for us. They deliver exactly what we need – mission-critical support and better service – while dramatically cutting our annual ERP and database maintenance budgets in half and enabling the school district to get far more value out of its IT budget.”

Savings from Maintenance Budget to Help Drive Key Initiatives

The Douglas County School District is responsible for the education of over 67,000 students in 86 K-12 schools, and employs more than 7,500 employees. In 2014, the school district reported nearly 89% graduation rates, one of the highest in the Denver Metro Area. In response to concerted efforts to curb costs and achieve greater efficiency from their ERP landscape, Douglas County School District decided to switch from Oracle to Rimini Street for support of the organization’s existing Oracle EBS application, as well as the Oracle Database product.

As a result of making the switch, Douglas County School District slashed annual maintenance costs in half, but more importantly, avoided an expensive and potentially disruptive forced upgrade to EBS R12 which would have cost the District $3.5 million. They are redirecting the savings towards delivering a new platform that will allow the district to view data holistically across all aspects, from its students and teachers, to the budget and facilities, in order to help better inform district managers and decision-makers.

Douglas County School District also enjoys much higher levels of service than it received from the vendor, including 24x7x365 support from a named, local Primary Support Engineer (PSE), support for its highly customized application at no additional cost, as well as guaranteed support for up to 15 years on their existing Oracle ERP products.

“Through the passion and dedication of its talented educators and pioneering leaders, Douglas County School District has made it possible for thousands of students to succeed in the college or career path of their choice. Rimini Street is proud to be a partner to this organization and to help enable their commitment to ensuring that students receive a world-class education,” said Seth Ravin, CEO, Rimini Street. “For the past 10 years, we have made it our mission at Rimini Street to help organizations all over the world achieve their IT and business goals.”

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. Nearly 2,100 Fortune 500, Fortune Global 100, 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.

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: the unknown duration and economic, operational and financial impacts on our business of the COVID-19 pandemic and the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients; 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 Quarterly Report on Form 10-Q filed on May 7, 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.

איש קשר ליחסי משקיעים:

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
איש קשר ליחסי תקשורת:

Melanie Ferdandes

Melanie Ferdandes