プレスリリース

Grupo Positivo Switches to Rimini Street Support for its Oracle Applications

2018/08/24

One of Brazil's largest educational organizations will leverage savings to invest in upgrading its IT environment, including AI and facial recognition software

LAS VEGAS and SÃO PAULO, August 24, 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, today announced that Grupo Positivo, a Brazilian holding company for education, technology, printing and publishing, has switched to Rimini Street for support of its Oracle E-Business Suite (EBS) in its education division. By switching to Rimini Street, Grupo Positivo estimates that it will be able to reduce its total maintenance costs by 70 percent, and can now maximize its current, stable Oracle application for a minimum of 15 years from the time the company transitioned to Rimini Street support. With the new savings realized, Positivo intends to enhance its IT environment, which includes investing in Artificial Intelligence (AI) and facial recognition systems across the business.

Grupo Positivo was created in 1972 by a group of professors, established on the foundation of commitment to excellence in educational standards. The Positivo brand contributes to Brazil´s overall development, and operates in more than 40 countries with its educational technology solutions. The organization serves more than 40,000 undergraduate, graduate and continuing education students, with traditional and online programs available. More than one million students are assisted by Positivo's education systems across Brazil.

Leverage Savings to Fund Digital Transformation

In addition to receiving a vastly improved support model, Positivo has been able to free up internal resources to focus on more strategic projects as well as unlock significant funds to help drive competitive advantage. With this new savings and freed-up internal staff realized, Positivo plans to upgrade its IT environment, investing in AI and facial recognition systems that can be used to measure the engagement and attention of approximately 55,000 students in the classroom, as well as enable parents to keep track of the educational development of their children. Another planned innovative initiative is to leverage robotics for self-service terminals, and business intelligence to send alerts to students a few minutes before parents arrive at school, informing them of the exact time to be at the exit gates.

"The transition to Rimini Street was well-planned and completed quickly, and we are so pleased with the partnership and support we have received since we made the switch from vendor support," said Elizimar Polizelo, CIO at Grupo Positivo. "We have built a better world through education, technology and knowledge, and we needed to consolidate partnerships with highly specialized enterprises in order to achieve our business goals. The excellent services provided by Rimini Street has given us the agility and ability to empower Grupo Positivo's entire IT environment - we are now enabled to dedicate time to analyzing the adoption of new technologies, as leveraging advances in technology is an important competitive differentiator for us."

Group Positivo, as with all Rimini Street clients, was assigned a senior level Primary Support Engineer (PSE) with an average of 15 years' experience. Positivo also receives Rimini Street's industry-leading service level agreement (SLA) guaranteeing a 15-minute response time for Priority 1 critical cases as well as access to local engineers 24/7/365 to address any support issues. Positivo is also utilizing Rimini Street's support for its customizations, which was not provided by the software vendor previously. Additionally, Rimini Street is providing complex tax, legal and regulatory updates at no additional cost. 

"CIOs and IT leaders on the forefront of new technology and market trends are more capable of promoting innovation faster and with more confidence," said Edenize Maron, general manager, Rimini Street Latin America. "By disrupting traditional software support models, Rimini Street enables organizations to obtain significant costs savings, which when invested in innovative projects, can bring substantial ROI to an organization, as in the case with Grupo Positivo."

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products. The Company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, Salesforce, SAP and other enterprise software vendors to save up to 90 percent on total maintenance costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,620 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)

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 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, continued inclusion in the Russell 2000 Index in the future, 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 litigation developments or in the government inquiry; the final amount and timing of any refunds from Oracle related to our litigation; our ability to raise additional equity or debt financing on favorable terms; the terms and impact of our newly issued 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the success of our recently introduced products and services, including Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products; 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, including its common stock and its Preferred Stock; and those discussed under the heading "Risk Factors" in Rimini Street's Quarterly Report on 10-Q filed on August 9, 2018, which disclosures amend and restate the disclosures appearing under the heading "Risk Factors" in Rimini Street's Annual Report on Form 10-K filed on March 15, 2018, and as updated from time to time by Rimini Street's future 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.

# # #

© 2018 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.