Rimini Street Announces Next Phase of Growth Strategy for Japan, Appoints New Country Leadership

SAP veteran to lead “Phase III” market expansion efforts as Oracle and SAP customers increasingly consider independent maintenance

LAS VEGAS, September 15, 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 Yorio Wakisaka has been appointed country manager of Japan, effective September 15th. In this role, Wakisaka is responsible for leading the next phase (Phase III) of growth for Nihon Rimini Street, including strengthening Rimini Street’s presence outside of Tokyo, building out the service delivery engineering team and expansion of operations to support the Company’s fast-paced growth in Japan.

Wakisaka joins Nihon Rimini Street from SAP Japan, where he served most recently as vice president and senior business development executive for the Automotive Business Unit. In this role, he was responsible for overseeing the growth and operations for SAP’s largest automotive company accounts on a global basis. During his 18-year tenure at SAP, Wakisaka held various roles of increasing engineering and executive responsibility, including VP and head of Pre-Sales, Value Engineering and Industry. Prior to SAP, Wakisaka was an engineer at NEC Office System Co. As a veteran of the enterprise IT industry, he brings proven experience in the growth and execution of global business development capabilities and operations in enterprise applications in Japan.

“The adoption of independent support in the Japanese market continues to rise as enterprise leaders place more scrutiny on the high costs of maintaining enterprise software and the value they receive in return,” said Wakisaka. “Rimini Street helps companies in Japan and around the world save up to 90 percent on total maintenance costs for their ERP software and enables them to run their current systems without required upgrades for at least 15 years. With these significant savings, IT leaders can become business enablers, helping to fund more strategic initiatives that drive growth and innovation.”

Rimini Street Continues Strong Momentum 18 Months After Launch

Nihon Rimini Street, K.K., a wholly owned subsidiary of Rimini Street, Inc., launched its Japanese headquarters in Tokyo in 2014. The Company provides support to organizations across a wide range of industries, and now supports nearly 40 clients with operations in Japan, including local Japanese companies CMK Corporation, Kumagai Gumi Co, Ltd. and Nishimatsu Construction Co., Ltd.

A recent forecast report1 from Gartner shows that 2016 ERP software spend in Japan will be 194 billion Yen, a growth of nearly eight percent over 2015. As a leading independent support provider, Rimini Street helps clients save hundreds of millions of Yen in annual savings compared to vendor software maintenance fees, by providing premium-level support, including support for customizations and Japanese tax, legal and regulatory updates at no additional fee. In addition, Rimini Street clients benefit from a 24x7x365 support model with an assigned Primary Support Engineers (PSE) and ultra-responsive service with average urgent case response times of less than five minutes.

“Driven by companies in Japan seeking more value from their software maintenance budgets and a better support model, Rimini Street is embarking on ‘Phase III’ of its growth in Japan, and I am confident that Mr. Wakisaka is the right person to lead Nihon Rimini Street forward,” said Seth Ravin, Rimini Street CEO. “Rimini Street remains committed to excellence and to providing the most relevant services and responsive, high-quality support for our clients’ mission-critical Oracle or SAP systems in Japan, as well as across the globe.”

To learn more, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

1 Gartner, Inc. “Forecast: Enterprise Software Markets, Worldwide, 2012-2019, 2Q15 Update.” June 11, 2015.

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.

© 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:

Janet Ravin

Rimini Street, Inc.

+1 702-285-3532 pr@riministreet.com