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Rimini Street Increases Investment in Australia and New Zealand, Opens New Melbourne Office

Company more than doubles Oracle and SAP clients signed; Now servicing nearly 90 organizations in the region

LAS VEGAS, October 31, 2016Rimini 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 its continued growth and investment in Australia and New Zealand due to accelerated demand for the Company’s premium-level enterprise software support for Oracle and SAP licensees. The Company announced that its total signed clients in the region as of the third quarter ending September 30, 2016 increased by 109% year over year. To meet this growing client demand, the Company also expanded its presence in the region with the opening of a new office in Melbourne, and increased its workforce by 52% year over year as of September 30, 2016. Australia is currently the eighth largest enterprise application software market in the world, with annual revenues estimated at $4.2 billion1.

Growing Pressures in the Region Further Stimulate Demand

CIOs and IT leaders in Australia and New Zealand face increasing pressure from their organizations – on the one hand they are tasked with maximizing the ROI across their IT landscape and maintaining what they have to ensure it runs smoothly. On the other hand, these IT leaders are asked to explore and implement digital transformation initiatives to help their business grow and remain competitive. With industry analysts citing that up to 89% of IT budgets are spent on ongoing operations, this leaves little budget left over to implement the more strategic programs that can make the biggest difference for an organization.

“SAP is a critical system for our company and it will continue to serve our business well for many years,” said Tanya Whiteing, Acting CIO at George Weston Foods Limited (GWF). “Engaging Rimini Street has enabled GWF to substantially lower the ongoing cost of ownership for our on-premises SAP applications. This will allow us to pass direct savings to the business as well as to fund new innovation.”

Rimini Street Continues Growth and Investment in Australia and New Zealand

In addition to the increase in the number of signed clients and global headcount, Rimini Street also achieved a 78% revenue growth across all its Oracle product lines for the 12-month period ending September 30, 2016, compared to the prior 12-month period, and an increase of 52% year over year for its SAP product support revenue during the same period.

The Company opened its Sydney headquarters in 2008, and today supports a total of 88 global organizations with operations in Australia and New Zealand, including 10 of the ASX Top 50 companies. Clients in the region who recently made the switch to Rimini Street support include Betfair Pty Limited, ActewAGL, The New Zealand Refining Company, George Weston Foods Limited, Murrin Murrin Operations Pty Ltd, and Viva Energy Australia Pty Ltd.

“This year we’ve seen a spike in client demand not only from commercial entities but also government organizations across Australia and New Zealand,” said Andrew Powell, managing director, Rimini Street APAC and Middle East. “As the market matures and organizations become increasingly canny about their IT spend, we find that many CIOs are simply not willing to pay high vendor maintenance fees anymore. By switching to Rimini Street support, these businesses can save up to 90% of their total cost of maintenance and reinvest their savings in areas of strategic importance instead of continuing to spend needlessly on ongoing operations.”

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

1 Gartner Forecast: Enterprise Software Markets, Worldwide, 2012-2019, 2Q15 Update. Gartner, Inc.

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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