Amaggi Selects Rimini Street to Enable IT Innovation

Improving IT service delivery with a reliable partner is the key to accelerating Amaggi’s expansion plan for business growth in the highly-competitive agribusiness sector

LAS VEGAS, August 11, 2022Rimini Street, Inc. (Nasdaq: RMNI), 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, announced that Amaggi Group, one of the largest agribusiness companies in Latin America, has chosen Rimini Street to manage its SAP footprint, including SAP environment monitoring and all software compliance services to facilitate compliance with Brazilian tax, legal and regulatory requirements, enabling the IT team to strategically focus on innovation and business growth, as well as improve operation quality and incident response time. With Rimini Street, the company now leverages a preventative maintenance model that reduces operational complexity and enables reallocation of funds into strategic investment areas, including two subsidiaries, expanding its grain storage capacity and developing its biodiesel manufacturing capabilities.

Aggressive Growth Plan to Drive Competitive Advantage

The Amaggi Group is a commodities company and the world’s largest private producer of soybeans in the world. The company operates throughout Brazil and exports to destinations in Latin America, the United States and parts of Europe, through four major business areas – Agro, Commodities, Logistics, and Operations and Energy. The company has an aggressive growth plan and is expanding its presence in several segments of the supply chain. In 2021, it received a significant investment from the International Finance Corporation (IFC), Rabobank, and Santander to invest in the expansion of its cotton production in Mato Grosso, Brazil; that production is now sustainable and comprises 100% traceable cotton.

“Choosing Rimini Street as an IT partner was a strategic move to optimize technology resources and support Amaggi’s business growth. Our constant focus on innovation is extremely critical in agribusiness, where increasing operational efficiency helps the business stay competitive. By selecting the same vendor for both managed services and support for SAP, the IT team’s performance shifted to working on things that drive the business vs. run and maintain activities. Rimini Street also provides us with monitoring of SAP applications and all aspects of compliance with legislation, including the recent transition to e-Social, Brazil’s digital bookkeeping system,” says Wagner Biasi, general manager of IT Shared Services at Amaggi.

Rimini Street is focused on managing and improving Amaggi’s entire SAP application infrastructure including finding new ways to drive automation and optimize business processes. “The alternative solution was to hire more professionals and almost double the size of the team, which would demand time and costs. Another obstacle was finding talent in a limited technology job market. Rimini Street helped us avoid the arduous hiring and talent search process and made issue resolution much more agile, reducing incident response time with their highly-qualified engineers,” comments Biasi.

With funds and resources saved from working with Rimini Street, Amaggi Group has funded business innovation initiatives including Carguero, a joint venture that works with intermediation of road freight of cargo via a digital platform and Grão Direto, a digital platform for commercialization of grains in

As Rimini Street expands its global portfolio of solutions on its road to achieving $1B in annual revenue by 2026, it is enabling clients like Amaggi to chart a smart path forward by helping them optimize, evolve and transform their technology landscape and systems as they build and execute their business of tomorrow.

“Companies with great business vision and well-defined goals such Amaggi need to put into practice their innovation initiatives, acquisitions, and greenfield projects, which raise the level of competitiveness of the sector and show how agribusiness is an area that demands evolution and a lot of technology to keep on rising,” comments Edenize Maron, group vice president and theatre general manager, Latin America, Rimini Street. “We are a strategic partner that manages Amaggi’s SAP environment and delivers the fiscal efficiency that frees up the company’s technology professionals to focus on innovation. For this to reflect on other organizations in the sector, professionals need to focus on transformation, business growth and process improvement”

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 https://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.

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Investor relations contact:

Dean Pohl

Rimini Street, Inc.

+1 925-523-7636 dpohl@riministreet.com
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Natalie Silva

Rimini Street, Inc.

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