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Rimini Street Expands Investment and Operations in Eastern Europe

Company grows client base in Russia and launches sales in Poland; already supports 86 organizations in the region

LAS VEGAS, May 6, 2019 Rimini Street, Inc. (Nasdaq: RMNI), 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, today announced it has further expanded its operations in Eastern Europe to address the increasing demand for the Company’s award-winning, ultra-responsive support services in the region.

Strong and Growing Demand in Eastern Europe

Rimini Street began selling in Russia in 2018, and recently expanded its client base there with new premier domestic clients like Bank Zenit and Ingosstrakh. The Company also recently launched sales in Poland, building on its growing presence in the region, and today, supports 86 organizations with operations in Eastern Europe. The Company has also hired new staff, including experienced local language engineers, to support the next phase of growth in this region.

Enabling a Business-Driven IT Roadmap

Around the world, CIOs are challenged with doing more with less, and are increasingly tasked by the CEO to support growth of the organization through innovation and digital transformation. However, according to industry analysts, as much as 90% of IT budgets are directed to daily IT operations, leaving as little as 10% for investment in strategic initiatives that help the company grow and maintain its competitive edge. In Russia specifically, while digital ambitions are high, 70% of Russian CIOs have not matured digital past the initiating phase1, indicating that lack of time, money and resource could be a contributing factor.

CIOs need to find more capacity in their IT roadmaps to fund and complete business transformation initiatives, but are often at the mercy of vendor-dictated roadmaps of mandatory upgrade cycles, forced migrations, and expensive recurring costs associated with maintaining their core enterprise system. Switching from software vendor support to Rimini Street support can significantly reduce the proportion of IT budget that is spent on daily operating costs, allowing much more budget to be invested for innovation, competitive advantage and growth. This shift allows the CIO to take back control of their IT roadmap and assure it is driven by the businesses’ needs going forward, rather than dictated by the software vendor.

“We established and are growing our presence in Eastern Europe to meet the strong and growing demand for better support options in the region for SAP and Oracle software,” said Jack Oster, general manager, Israel & Eastern Europe, Rimini Street. “The opportunity for Rimini Street’s unique support model and services is high across the region as CIOs struggle with the need to optimize service and costs across their IT landscape and expand their ability to deliver innovation to the business. They are looking for a more value-driven, flexible approach that doesn’t lock them in to one vendor and puts them back in control of their enterprise software roadmap.”

1 Gartner: 2018 CIO Agenda: A Russia Perspective, May 28, 2018

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.

© 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.

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