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Rimini Street Announces Continued Strong Momentum in Japan With 155% Increase in Oracle and SAP Clients

LAS VEGAS, December 13, 2016Rimini 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 continued strong momentum and rapid client growth in Japan due to the increasing demand for Rimini Street’s ultra-responsive, premium enterprise software support for Oracle and SAP licensees. The Company announced that its total signed Oracle and SAP clients in Japan as of September 30, 2016 increased by 155% year over year. The Company has invested in numerous strategic hires in the region to meet this robust demand and announced the appointment of Nobutake Gohdo to vice president of Client Engagement and Service Delivery, Nihon Rimini Street.

Strong Momentum in Client Growth

Japan is one of the most highly developed information and technology markets in the world today. Japan also represents one of the fastest growing markets for Rimini Street with 63% revenue growth for the 12 month period ending September 30, 2016, compared to the prior 12-month period. Today, Rimini Street services more than 85 global clients with operations in Japan, including well-known local brands Pioneer Corporation, Kumagai Gumi Co., Ltd., CAC Corporation, Nishimatsu Construction Co., Ltd., Chugoku Mokuzai Co., Ltd. and CMK Corporation.

“We needed to focus on reducing the ‘passive IT’ costs for maintaining our mission-critical systems running on-premises applications, as this was by far the largest budget item across our entire IT landscape. Our biggest concern was not only how expensive our annual maintenance fees were from the vendor, but the huge cost to upgrade our Oracle Database system,” said Kenji Tomooka, CIO, Information System Department, Fujitec Co., Ltd. “We made the switch to Rimini Street from vendor support because we could maximize our existing IT system, achieve significant cost reduction and avoid an expensive vendor upgrade. We were able to invest the money saved into more value-added services for our business such as digital, mobile and cloud initiatives that have remarkably improved the cost-effectiveness of our maintenance service.”

Top Industry Talent Joins Rimini Street Japan

Nihon Rimini Street has also been hiring top talent from Japan’s enterprise software industry, adding respected senior executives and experienced support engineers to service the Company’s fast-growing client base. Rimini Street increased its Japan staff 39% year over year, as of September 30, 2016.

Senior executive hires include the appointment of Nobutake Gohdo to vice president of Client Engagement and Service Delivery. In this newly created role, Mr. Gohdo is responsible for the region’s service delivery engineers and enterprise account managers, and assuring every client’s maximum utilization, success and satisfaction with Rimini Street’s support services. Prior to joining Rimini Street, Mr. Gohdo held senior management positions at Citrix, Oracle, and SAP. At Citrix, Mr. Gohdo last served as senior manager, technical readiness for Products and Solutions. At Oracle, Mr. Gohdo last served as director, Oracle on Demand, where he was responsible for service delivery and product deployment. At SAP, Mr. Gohdo last served as vice president, Active Global Support Japan, where he was responsible for a team of 150 who provided software support and managed key accounts.

Helping Clients Navigate a Challenging Economic Environment

Japan’s economy and businesses continue to be challenged with weak growth, an uncertain global trade outlook and a strong yen that makes goods produced in Japan more expensive globally.

Rimini Street’s unique value proposition helps Japanese organizations address these challenges. The Company provides a premium support model and offering that enables clients to save up to 90% on their total maintenance costs while receiving a much more robust and responsive set of support services. The savings allow clients to fund new initiatives that make their businesses more competitive and support growth. Rimini Street’s premium services allow clients to run their current software releases for a minimum of 15 years, avoiding expensive and unnecessary upgrades to their stable ERP system. Clients also receive full support for add-ons and customizations at no additional fee.

“As many IT leaders are looking for ways to cut costs from their IT landscape, reducing their ERP maintenance spend by moving to Rimini Street’s independent software support is an attractive option for them,” said Yorio Wakisaka, country manager, Nihon Rimini Street. “Rimini Street offers an enormous benefit to Oracle and SAP software licensees in this challenging environment and allows CIOs to reinvest the significant cost savings they achieve back into their business for innovative initiatives that help differentiate their company against the competition and support growth initiatives.”

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. Over 2,000 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely 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.

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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 forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. 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, 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 (including our pending appeal of the permanent injunction) or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our 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 our recently introduced products and services, including our 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 we expect 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 discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 7, 2019, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, 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

© 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.

+1 203 347-4446 dpohl@riministreet.com
Media Relations Contact
Michelle McGlocklin

Rimini Street, Inc.

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