LAS VEGAS, June 25, 2018 – Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, was added as a member to the US Russell 2000® Index at the conclusion of the Russell U.S. indexes annual reconstitution, effective after the U.S. stock markets open today, June 25, 2018. The stock was also automatically added to the appropriate growth and value indexes.
"Rimini Street is pleased to be recognized and included in the US Russell 2000® index," stated Seth A. Ravin, Rimini Street CEO & Chairman of the Board. "We will continue to execute against our global business plan, building on 49 consecutive quarters of revenue growth, our announced $140 million preferred equity refinancing transaction that replaces the Company's current credit facility, and our continued drive to GAAP-based profitability."
FTSE Russell determines membership for its Russell U.S. Indexes primarily by objective, market-capitalization rankings and style attributes, and Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE Russell, a leading global index provider.