Search Icon

Rimini Street Announces 39% Annual Revenue Growth For Support of Oracle Products

Support revenue for Oracle Database and Middleware products more than triples

LAS VEGAS, September 22, 2016 Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail, Oracle Agile PLM and Oracle ATG Web Commerce software, today announced it has achieved a combined 39% revenue growth across all Oracle product lines for the 12-month period ending June 30, 2016, compared to the prior 12-month period. The growth was led by Oracle Database and Middleware product lines which grew by 205% and Oracle E-Business Suite (EBS) which grew by 48% during the same time period.

Continued Strong Results Fueled by Demand from Oracle Licensees

Driven by consistent demand from Oracle licensees around the world, Rimini Street also continued year-over-year growth in client wins across all Oracle products. Total signed clients across all Oracle product lines increased 34%, and total signed clients for the EBS, Oracle Database and Middleware product lines grew 66%.

“At Dean Foods, we are always looking for ways to shift spend from ongoing operations to projects that make a bottom-line difference in the business and helps us innovate in this fast-moving industry,” said Brian Murphy, chief information officer, Dean Foods. “By leveraging Rimini Street’s industry leading support service, Dean Foods has been able to move significant funds from maintaining our Oracle JD Edwards enterprise software to strategic initiatives in business intelligence and master data management. In addition to the substantial savings, my team really benefits from the high level of service delivered by Rimini Street’s support program, which includes an expert assigned Primary Support Engineer and support for our vital customizations at no additional charge.”

Expansion of Oracle Product Line Portfolio

Rimini Street has continued to introduce support for additional Oracle products over the 11 years since its inception in order to meet strong and growing demand from Oracle licensees around the world. As part of its global strategy to serve an increasingly wider base of Oracle licensees, Rimini Street today announced the general availability of maintenance and support services for Oracle ATG Web Commerce products-the primary platforms for constructing and deploying business-to-business (B2B) and business-to-consumer (B2C) commerce websites across some of the largest organizations in the world. Oracle ATG Web Commerce is Rimini Street’s 10th Oracle product line being supported.

Rimini Street support continues to experience rapid growth and global adoption across a broad range of industries, from midmarket and public sector organizations to large complex Fortune 500 companies and multinationals.

Rimini Street’s Award-winning Client Support Teams

Rimini Street has always focused on delivering the industry’s most innovative and ultra-responsive premium support program led by its Global Service Delivery (GSD) department, which is made up of hundreds of professionals around the world who have supported nearly 1,500 signed clients with operations in over 90 countries worldwide. Rimini Street’s GSD department provides each client with valuable services not included in standard vendor maintenance, including support for interoperability, security advisory services and performance tuning, a named local Primary Support Engineer (PSE) with an average of 15 years’ experience, and 24/7/365 support coverage. The GSD team has won many awards for service excellence, including securing a Stevie Award and Golden Bridge Award earlier this year for Customer Service Department of the Year.

“Our continued growth and momentum of our Oracle product line, including our 39% year over year revenue growth for support of Oracle products, is a direct reflection of the value our clients are experiencing with their switch to Rimini Street’s premium software support,” said Seth Ravin, Rimini Street CEO. “From the beginning, we have been committed to providing the industry’s leading independent software support model that delivers choice for customers and the best value in the enterprise software support industry. We are providing the most comprehensive and relevant support offering in the industry and helping our clients save up to 90% of their total maintenance spend to fund re-investment into strategic programs that help their businesses innovate, grow and become more competitive.”

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. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://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 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 duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its 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; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s 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 Rimini Street’s recently introduced products and services, including its 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 Rimini Street expects 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 risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by 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.

Investor Relations Contact
Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
Media Relations Contact
Michelle McGlocklin

Rimini Street, Inc.

This website has been built using modern web standards not fully supported by your browser. Please consider updating your browser.

Upgrade Today