Rimini Street Appoints Jack L. Acosta to Board of Directors
Software Industry Veteran and Former CFO of Sybase and Portal Software Appointed Independent Director and Chairman of Audit Committee for Leading Enterprise Software Support Company
LAS VEGAS - September 23, 2013 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including 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, Hyperion and Oracle Retail software, today announced that Jack L. Acosta has been appointed to its Board of Directors as an Independent Director and Chairman of the Audit Committee.
Acosta, 65, is a veteran of the enterprise software industry with decades of board and operating experience. He currently serves on several technology company boards, with his most recent operational role serving as chief financial officer at Portal Software, Inc. (now part of Oracle). Prior to that, he served as executive vice president and chief financial officer for Sybase, Inc. (now part of SAP).
Prior to these roles, Acosta served as vice president, engineering services, integration and business management for Sybase. He also served as president, COO, and a director of Tanon Manufacturing, Inc. Earlier, Acosta held various management positions at Ungermann-Bass, Inc., Atari, Inc., Diablo Systems, Inc., and Ford Motor Company. Acosta holds a Bachelors of Science degree in Industrial Relations and a Masters of Science in Management Sciences. He also received an Honorary Doctor of Humane Letters degree from California State University East Bay (formerly Hayward).
“I have spent a majority of my career with successful companies who had the vision and capability of changing the global technology landscape through disruptive innovation, and I am excited to join Rimini Street’s board and work with this passionate, client-focused team to help further accelerate Rimini Street’s global expansion,” said Acosta. “Rimini Street is a well-run, high-growth organization with years of clean audited financial statements, and is redefining the enterprise software support space with its award-winning service offering that is already being enthusiastically embraced by nearly 700 clients around the world.”
“We are pleased to have someone with Jack’s extensive background and industry successes join Rimini Street’s Board of Directors and look forward to his contributions as we continue to accelerate global growth in accordance with our business plan,” said Seth Ravin, Rimini Street CEO. “Jack’s appointment to the important role of Chairman of the Audit Committee is a continuation of Rimini Street’s commitment to transparent and disciplined financial management and oversight that includes a rigorous focus on internal financial processes, systems and audits.”
About Rimini Street
Rimini Street is the leading third-party 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 annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of global, Fortune 500, midmarket, and public sector organizations from virtually all 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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