Search Icon

Rimini Street Certified as a Tier 1 Vendor in Israel for Application Support Outsourcing

Leading analyst firm STKI also recognizes Company as Fastest-Growing IT Vendor in Israel

LAS VEGAS, June 13, 2017 Rimini Street, Inc., a global provider of enterprise software services, and the leading independent support provider for Oracle and SAP products, today announced that leading Israeli analyst firm STKI has certified the Company as a Tier 1 vendor in the Application Support Outsourcing space. The Company was also recognized as the market’s Fastest-Growing IT Vendor. Rimini Street’s strong growth and momentum in the region is due to high demand from Oracle and SAP licensees for its unique premium-level software support. SKTI awarded the certification to Rimini Street at its annual STKI Summit 2017. Rimini Street is the only enterprise software support provider for Oracle and SAP products to receive this certification.

“We have been tracking Rimini Street since the Company first entered Israel two years ago, and are impressed with how quickly Israeli organizations have chosen to adopt its independent software support model over the vendors’ support,” said Dr. Jimmy Schwarzkoph, research fellow and managing partner, STKI. “The Company’s size, pace of growth, value proposition, go-to-market strategy, and management team are all factors we considered when reviewing this Tier 1 vendor certification, and Rimini Street scored off-the-charts in all areas. CIOs and IT leaders who are looking to maximize the sizeable investment made in their stable ERP system, should consider making the switch to Rimini Street.”

“We are honored to be certified by STKI as a Tier 1 vendor for Application Support Outsourcing in the Israeli market; this recognition underscores our passion for, and commitment to, delivering ultra-responsive service for an organization’s mission-critical core ERP,” said Jack Oster, general manager of Israel and Eastern Europe, Rimini Street. “We continue to see demand from the C-suite and IT leaders across this dynamic region, who are challenged with optimizing their IT spend while at the same time are looking to shift investment to more strategic initiatives to help grow their business and gain a competitive edge.”

Rimini Street opened its Tel Aviv office in 2015, and today services more than 80 global organizations with operations in Israel and Eastern Europe, including five of the 10 largest Israeli companies in the 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. 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 http://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.

About STKI

Founded in 1992, STKI is the leading market research and strategic analyst firm in Israel, covering IT infrastructure, applications and services. Customers include major organizations in the government, financial, telecoms, manufacturing, medical and education industries. The Company’s mission is to advise and analyze users of information technology as well as their suppliers, while conducting original research and providing advisory services regarding all aspects of the information system puzzle.

© 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
Michelle McGlocklin

Rimini Street, Inc.

This website has been built using modern web standards not fully supported by your browser. Please consider updating your browser.

Upgrade Today