Named to the Inc. 5000 with three-year sales growth of 160%
LAS VEGAS, August 12, 2015 – Rimini Street, Inc., the leading global 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, today announced that it was named to Inc. magazine’s 2015 Inc. 5000 list for the fifth consecutive year. The Inc. 5000 list is an exclusive ranking of the nation’s fastest-growing private companies and represents the most comprehensive look at the most important segment of the economy – America’s independent entrepreneurs.
Companies are ranked according to percentage revenue growth from 2011 to 2014. Rimini Street experienced 160 percent growth during this time period, making it one of the fastest-growing companies in the United States.
38 Consecutive Quarters of Growth, Fueled by Market Demand for Premium Service
Rimini Street now has more than 600 employees globally and has signed nearly 1,100 clients – including over 120 Fortune 500 and Global Fortune 100 organizations. The Company has more than US$100 million in run-rate annual revenue with 38 fiscal quarters of consecutive growth. Rimini Street supports client operations in over 90 countries, with global operations in the United States, Canada, Brazil, UK, Germany, India, Israel, Australia, Japan and China.
“Rimini Street is proud to be recognized by Inc. magazine for the fifth consecutive year as a ‘fastest-growing private company,'” said Seth Ravin, Rimini Street CEO. “Our growth rate continues to accelerate as more and more Oracle and SAP licensees around the world realize the benefits of a switch to Rimini Street’s new class of premium service – a service that provides them with up to 90 percent savings in total support costs, no required upgrades for a minimum of 15 years, ultra-responsive service with less than five minute engineer response time 24x7x365 for urgent issues, and dedicated, named support resources assigned to their account.”
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.
More about Inc. and the Inc. 500|5000
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 13,000,000 today. For more information, visit www.inc.com.
The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.