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Rimini Street Appoints Thomas Sabol as CFO

Accomplished 30-year veteran brings extensive high-tech public company financial leadership experience to support next phase of fast-paced growth

LAS VEGAS, February 2, 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 the appointment of Thomas Sabol as senior vice president and chief financial officer (CFO). Sabol will lead the global finance and accounting teams at Rimini Street, responsible for all financial aspects of the company both internally and externally including financial and management reporting, treasury, tax, and supporting the executive management team on strategic planning initiatives. Sabol replaces the Company’s previous CFO, Doug Zorn, who retired at the end of 2016.

“Rimini Street is a well-run, fast-growing company with a disruptive business model that has redefined the enterprise software support market – a model that greatly appeals to organizations of all sizes and industries around the world,” said Sabol.  “I am pleased to join the Rimini Street family and the senior executive team that will take the company forward building on 44 consecutive quarters of growth and success.”

Seasoned CFO Brings High-Tech Public Company Leadership Experience to Rimini Street

Sabol brings extensive public company financial and operational leadership experience at high-tech organizations to his new role at Rimini Street. Prior to his most recent work as a management consultant providing M&A, CFO support and strategic planning assistance to several companies, Sabol served as CFO for Comverse, Inc., now Xura, Inc. (NASDAQ: CNSI), a $500 million global software service provider for telecommunications and enterprise companies. Sabol managed all financial aspects of the company including financial and management reporting, SEC filings, treasury, tax, internal audit and investor relations. He was also responsible for information security, supply chain management and procurement, and supported the successful sale of Comverse’s billing business to Amdocs Limited in July 2015. Prior to Comverse, Sabol was the CFO of Hypercom Corporation, a $400 million global provider of electronic payment solutions. During his tenure with Hypercom (NYSE: HYC), Sabol was instrumental in the sale of the company to VeriFone Systems in 2011. Sabol also served as CFO and COO of Plexus Corp (NASDAQ: PLXS) where he completed a $150 million secondary offering and 10 acquisitions in the United States, Mexico, Malaysia, China and the United Kingdom. Earlier in his career, Sabol served as vice president and general auditor for Kemper Corporation, a $6 billion financial services company, and began his career with Coopers & Lybrand, serving as audit manager working on several initial public offerings.

“Tom brings an enormous amount of technology industry and public company financial leadership experience to his new role as CFO of Rimini Street, and an impressive track record of success. His strategic and financial acumen makes him highly qualified to lead our financial and accounting teams around the world, and I look forward to his contributions as we execute our next phase of fast-paced global growth,” said Seth Ravin, Rimini Street CEO. “More than 1,750 Oracle and SAP clients have signed with us to date, including over 155 of the Fortune 500 and Global 100. We look forward to working with Tom to continue our strong growth momentum as more organizations become aware of the breadth of services and the value of switching to Rimini Street’s premium support model.”

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

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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