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Transaction Network Services Switches to Rimini Street Support for Oracle E-Business Suite

Rimini Street’s award-winning support rolled out across 25 countries

LAS VEGAS, May 25, 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 that Transaction Network Services (TNS), a leading global provider of data communications and interoperability solutions for mission-critical businesses, selected Rimini Street for support of its Oracle E-Business Suite application.  Rimini Street supports the company’s EBS landscape across 25 countries. By making the switch from Oracle annual support to Rimini Street annual support, TNS immediately realized savings of 50% on annual fees, and gained a premium, ultra-responsive level of support that they had not previously received.

Four years ago, TNS was purchased by a private equity firm that took the company from public to private. The top mandate from the company’s new owners was to assess the value of all spend across the organization.

“Eventually the cost savings directive made its way to IT and the back office, and the first thing we looked at was how we could reduce the cost of our Oracle support,” said Patrick Bobst, senior director, EBS Management and Support, Transaction Network Services. “This was an easy starting point for us as we were already unhappy with the quality of support we were getting from the vendor, and had no desire to upgrade from our current EBS release. We liked what we saw in our evaluation of Rimini Street, and after completing our due diligence on the company, we made the switch.”

As with all Rimini Street clients, TNS has an assigned Primary Service Engineer (PSE) as their main point of contact for all support cases. Rimini Street PSE’s have on average 15 years’ experience in their respective applications, and all clients have an SLA of 15-minutes response time for Priority 1 critical cases.

“Our experience with the vendor’s first-tier support was that we never really got to a resolution quickly, and we would go days at a time with no feedback at all,” continued Bobst. “When we would go chase them for an answer, invariably the response would be, ‘Can you run it again and give me more logs.’ But that has all changed with Rimini Street, and the high quality support we are now getting is exactly as advertised.”

“An increasing number of organizations around the world – such as TNS – are choosing Rimini Street support for significant cost savings, to receive a premium level of service and to maximize the return from their existing, robust ERP landscape,” said Seth Ravin, Rimini Street CEO. “We have helped nearly 1,900 Oracle and SAP licensees save significant total annual maintenance costs, enable their corporate mandates to drive a better return on resources and assets, and facilitate their business transformations.”

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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