Petrópolis Group Switches its ERP Support to Rimini Street

Leading beverage company in Brazil benefits from immediate savings and timely delivery of tax, legal and regulatory updates

LAS VEGAS and SÃO PAULO, April 26, 2017 – Rimini 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 that Petrópolis Group, one of the largest beverage companies in Brazil, has selected Rimini Street for support of its SAP ECC 6.0, BusinessObjects and Business Warehouse systems. By switching to Rimini Street from vendor support, Petrópolis Group immediately saved 50% on its annual maintenance fees, and gained a premium-level, ultra-responsive service for its SAP systems. The company will also receive critical tax, legal and regulatory updates from Rimini Street.

“By switching to Rimini Street, we expect to increase our productivity and improve performance in many areas across the organization,” said Mohamed Nassif, IT director, Petrópolis Group Brazil. “The move to Rimini Street would be beneficial to any business, providing an excellent alternative for CIOs looking for a high quality of support, faster response times and cost savings that can be used to fund innovative initiatives to help differentiate their business.”

Tax, legal and regulatory updates are just one of the support features Rimini Street provides at no additional cost to clients. Brazil has one of the most complex tax systems in the world, and Rimini Street delivers fast, efficient updates to ensure compliance. In Brazil, the Company supports Sistema Público de Escrituração Digital (SPED), also known as the Public Digital Bookkeeping System, and all compliance with taxation and tax records. Rimini Street also provides updates to Nota Fiscal Eletrônica (NFe); Escrituração Contábil Digital (ECD); Escrituração Fiscal Digital (EFD); Escrituração Contábil Fiscal (ECF); Notas Técnicas; and E-Social, among others. Globally, Rimini Street has delivered more than 125,000 tax, legal and regulatory updates to clients to date, and provides accurate, high-quality deliverables using an innovative combination of patent-pending tax, legal and regulatory technology, proven methodology and ISO 9001-certified development processes.

Before entering into an agreement with Rimini Street, the IT Director Mohamed Nassif, an experienced and seasoned IT professional who has led multiple deployments of SAP, JD Edwards and MICROSIGA systems from companies of different industry segments such as BMC-Hyundai, Andrade Gutierrez, Penske Logistics do Brasil, Suzano and Bahia Sul Papel e Celulose and Casas Pernambucanas, spoke to and visited a number of Rimini Street clients in Brazil. In one instance, Nassif visited a leading Brazilian company in the Call Center industry where the CIO made several calls to Rimini Street for Nassif and his team to experience the support process first hand. As a result, Nassif was able to validate the quality of Rimini Street’s service and the attentive support provided by the Company’s local team of expert engineers in Brazil, as well as its rapid response times.

“Rimini Street employs an expert, local team of support, development, and tax, legal and regulatory research professionals in Brazil to ensure clients are compliant,” said Edenize Maron, general manager for Latin America, Rimini Street. “The Company has made significant investments in Brazil, and is committed to providing premium-level service with ultra-responsive support, featuring a 15-minute or less response time for Priority 1 critical cases. Rimini Street continues to help companies worldwide save on their vendor maintenance fees so they can use these savings to fund innovative programs that support the growth of their business.”

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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Janet Ravin

Rimini Street, Inc.

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