Search Icon

Rimini Street Receives 100 Percent Renewable Energy Certification for Data Center Operations

Company awarded Sustainability Certificate from Switch Data Center

LAS VEGAS, November 5, 2018 Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced it has achieved its sustainability goal of using 100 percent renewable energy at its data facility operating within Switch’s Data Centers (NYSE: SWCH). Because Switch is powered by 100 percent clean energy, Rimini Street operations at Switch’s Data Centers result in zero greenhouse gas emissions. To mark the achievement, Switch issued its proprietary Sustainability Certificate to Rimini Street. The Company moved its primary data to Switch’s Core Campus in Las Vegas, Nevada in 2015.

This sustainability certificate recognizes that Switch retired over 280 geothermal and solar renewable energy credits between 2016 and 2017 on behalf of Rimini Street, making the company’s energy consumption 100% green at Switch’s data center facility. These renewable energy credits comply with Greenpeace’s principles of locality, additionality, and sustainability, and were generated by Nevada solar farms and geothermal power plants. A Renewable Energy Credit (REC) is proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource and delivered to the energy grid. Each REC is independently tracked and verified. A REC represents the environmental attributes of the power produce from eligible renewable projects and may be sold separately from the electricity produced from the source.

“Migrating our data centers to Switch has enabled Rimini Street to reduce our carbon footprint and overall environmental impact,” said Steven Salaets, senior vice president, Global Security & Compliance, and CIO at Rimini Street. “We are honored to accept the Switch Sustainability Certificate for 100 percent renewable energy, which reinforces our commitment to conducting business responsibly. Rimini Street moved its primary data to the Switch Data Center to assure our mission-critical data is housed in one of the most secure, protected facilities in the world.”

“Helping environmentally conscious companies like Rimini Street achieve their own sustainability goals of 100 percent renewable energy usage by being in Switch’s 100 percent green energy powered data centers is a core value of our company,” said Switch executive vice president of Strategy, Adam Kramer. “Switch’s advanced power and cooling technologies, remarkable power usage effectiveness ratings, and high-density rack configurations allow customers such as Rimini Street to fit their IT equipment into a smaller footprint while dramatically reducing their energy consumption.”

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:

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