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Rimini Street Increases Investment in Latin America, Appoints Industry Veteran to Lead Market Expansion

New leadership and investment strengthens capabilities to meet the growing demand for SAP and Oracle independent maintenance across the region

LAS VEGAS and SAO PAULO, August 19, 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 Edenize Maron has been appointed general manager, Latin America. In this newly created role, Maron will lead the continued growth and development of this fast-growing region, and will oversee all sales and delivery of Rimini Street support services in Latin America.

With over 19 years in the IT industry, Maron has proven experience in leading enterprise software sales, service and development operations. She has held senior leadership positions at SAP, where she served in several executive roles, including sales director, CRM products, Latin America, and most recently as country manager, Portugal. Maron also held a senior leadership position with Progress Software, where she served as country manager, Brazil & South America. Immediately prior to joining Rimini Street, Maron served as the vice president for Southern Latin America at Software AG.

“The Latin America market is increasingly discontent with the current ERP business model presented by enterprise software vendors – namely the high cost of annual maintenance, the high cost to upgrade and being forced to upgrade their stable systems – and is looking for ways to invest in innovative technologies that will help grow their business versus continuing to over-spend on vendor maintenance for the core transaction systems,” said Maron. “With Rimini Street, clients can save up to 90 percent on their total maintenance costs, take back control of their ERP systems, choose if and when to invest in an upgrade, and choose where they will invest the savings from a switch to Rimini Street support.”

Rimini Street Investment Fueled by Strong Market Demand

Rimini Street, Inc. opened its Latin American headquarters in Sao Paulo, Brazil in 2012. Today, Rimini Street provides support to more than 60 clients operating in the region, including well-known Brazilian companies such as Embraer, Positivo Informática and Gol Linhas Aéreas, and multi-national organizations with operations across Latin America, such as Future Electronics. Rimini Street leads the Latin American market in delivering a premium support service offering and proven client value to SAP and Oracle licensees, enabling clients to run their current software releases without any required upgrades for at least 15 years. Clients also benefit from a 24x7x365 service model with an assigned Primary Support Engineer (PSE), ultra-responsive service with average urgent case response times of less than five minutes, tax, legal and regulatory updates (including Brazil Nota Fiscal) and support for application customizations (ad ons).

“We are pleased to welcome Ms. Maron to Rimini Street. Her background and proven experience are indicative of the caliber of talent we are adding to our global executive team that is selling and delivering Rimini Street’s best in class enterprise support to clients around the world,” said Seth Ravin, Rimini Street CEO. “Our success has always been defined by our clients’ success, and by providing our clients with the best service and support experience available in the industry. Ms. Maron will lead our Latin American market expansion, bringing Rimini Street’s premium, proven support solution to Oracle and SAP licensees across the Latin American region.”

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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