Rimini Street Announces Next Phase of Growth Strategy for Japan, Appoints New Country Leadership
SAP veteran to lead “Phase III” market expansion efforts as Oracle and SAP customers increasingly consider independent maintenance
LAS VEGAS, September 15, 2015 - 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 and Oracle Retail software, today announced that Yorio Wakisaka has been appointed country manager of Japan, effective September 15th. In this role, Wakisaka is responsible for leading the next phase (Phase III) of growth for Nihon Rimini Street, including strengthening Rimini Street's presence outside of Tokyo, building out the service delivery engineering team and expansion of operations to support the Company's fast-paced growth in Japan.
Wakisaka joins Nihon Rimini Street from SAP Japan, where he served most recently as vice president and senior business development executive for the Automotive Business Unit. In this role, he was responsible for overseeing the growth and operations for SAP's largest automotive company accounts on a global basis. During his 18-year tenure at SAP, Wakisaka held various roles of increasing engineering and executive responsibility, including VP and head of Pre-Sales, Value Engineering and Industry. Prior to SAP, Wakisaka was an engineer at NEC Office System Co. As a veteran of the enterprise IT industry, he brings proven experience in the growth and execution of global business development capabilities and operations in enterprise applications in Japan.
“The adoption of independent support in the Japanese market continues to rise as enterprise leaders place more scrutiny on the high costs of maintaining enterprise software and the value they receive in return,” said Wakisaka. “Rimini Street helps companies in Japan and around the world save up to 90 percent on total maintenance costs for their ERP software and enables them to run their current systems without required upgrades for at least 15 years. With these significant savings, IT leaders can become business enablers, helping to fund more strategic initiatives that drive growth and innovation.”
Rimini Street Continues Strong Momentum 18 Months After Launch
Nihon Rimini Street, K.K., a wholly owned subsidiary of Rimini Street, Inc., launched its Japanese headquarters in Tokyo in 2014. The Company provides support to organizations across a wide range of industries, and now supports nearly 40 clients with operations in Japan, including local Japanese companies CMK Corporation, Kumagai Gumi Co, Ltd. and Nishimatsu Construction Co., Ltd.
A recent forecast report1 from Gartner shows that 2016 ERP software spend in Japan will be 194 billion Yen, a growth of nearly eight percent over 2015. As a leading independent support provider, Rimini Street helps clients save hundreds of millions of Yen in annual savings compared to vendor software maintenance fees, by providing premium-level support, including support for customizations and Japanese tax, legal and regulatory updates at no additional fee. In addition, Rimini Street clients benefit from a 24x7x365 support model with an assigned Primary Support Engineers (PSE) and ultra-responsive service with average urgent case response times of less than five minutes.
"Driven by companies in Japan seeking more value from their software maintenance budgets and a better support model, Rimini Street is embarking on 'Phase III' of its growth in Japan, and I am confident that Mr. Wakisaka is the right person to lead Nihon Rimini Street forward," said Seth Ravin, Rimini Street CEO. "Rimini Street remains committed to excellence and to providing the most relevant services and responsive, high-quality support for our clients' mission-critical Oracle or SAP systems in Japan, as well as across the globe."
About Rimini Street, Inc.
Rimini Street is the global leader in providing independent enterprise software support services. The company has redefined enterprise support services since 2005 with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for at least 15 years. Over 1,100 global, Fortune 500, midmarket, and public sector organizations from a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit http://www.riministreet.com.
This press release may contain forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and are based on various assumptions. If the risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Rimini Street assumes no obligation to update any forward-looking statements or information, which speak only as of the date of this press release.
Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2015. All rights reserved.
1 Gartner, Inc. “Forecast: Enterprise Software Markets, Worldwide, 2012-2019, 2Q15 Update.” June 11, 2015.