Rimini Street, Inc., the leading third-party maintenance and support
provider for enterprise software, including SAP AG’s (NYSE:SAP) Business
Suite and BusinessObjects
software and Oracle Corporation’s (NYSE:ORCL) Siebel,
PeopleSoft,
JD
Edwards, E-Business
Suite, Oracle
Database, Hyperion
and Oracle
Retail software, today announced significant year-over-year growth
for its Rimini Street Support for Oracle E-Business Suite and Oracle
Technology product lines. Annual revenue for the Oracle E-Business Suite
product line increased by nearly 400 percent and the number of clients
tripled since last year’s Oracle OpenWorld 2012 conference. Rimini
Street also quadrupled the number of Oracle Technology clients,
including Oracle Database and Oracle Middleware clients, in the past 12
months.
Demand Increases for Rimini Street’s Innovative Support for Oracle
Applications
Demand for Rimini Street third-party support has grown significantly
among Oracle licensees across all Rimini Street Support for Oracle
product lines. In the past 12 months, Rimini Street nearly tripled new
client invoicing across all Oracle product lines. This accelerated
growth related to Oracle products has been driven by an increase in
demand from Oracle licensees and larger overall deal sizes, including
the signing of large seven-figure annual fee deals across the Oracle
product lines in the past year.
In addition to significant savings in annual maintenance and support
costs, PeopleSoft, JD Edwards, Siebel, Oracle E-Business Suite, Oracle
Database and Hyperion licensees are switching to Rimini Street for its
innovative, premium-level service, which includes a named Primary
Support Engineer (PSE) assigned to each client, 24x7x365 support
coverage, 30-minute guaranteed response times, support for
customizations at no additional fee and support for a minimum of 10
years for existing releases without required upgrades. Many clients
benefit further by redirecting their significant savings in annual
maintenance fees to fund strategic initiatives for the business and
innovate around the edges of their existing software applications.
Valspar Corporation Enhances Global IT Budget, Supports Company’s Top
Corporate Initiatives
On September 3rd, Rimini Street announced
that it had been selected by The Valspar Corporation (NYSE: VAL) to
support the company’s Oracle E-Business Suite 11.5.10 release:
“Choosing Rimini Street Support will enable Valspar to help generate
significant savings from its annual support costs and reallocate a
portion of its total global IT budget to focus on strategic growth
initiatives. Like Valspar, many companies with operations around the
world have turned to Rimini Street to gain control over their ERP
software roadmap and significantly reduce total support costs, enabling
them to fund innovative projects that drive competitive edge, while
gaining improved, ultra-premium service features, including support for
customizations at no additional cost.
Based in Minneapolis, Minn. with employees in more than 25 countries,
Valspar is among the leading international manufacturers of paints and
coatings in the world.” – Rimini
Street Partners with The Valspar Corporation to Enhance Global IT Budget
Efficiency and Effectiveness in Support of Company’s Top Corporate
Initiatives, September 3, 2013
Oracle Licensees Take Back Control of Their ERP Software Strategy
with Rimini Street
Like Valspar, many companies with operations around the world, including
Fortune 500, global, mid-market and public sector organizations, have
turned to Rimini Street to gain control over their ERP software roadmap
and significantly reduce total support costs. This has enabled hundreds
of Oracle licensees to fund innovative projects that drive competitive
edge, while gaining improved, ultra-premium service features, including
support for customizations at no additional cost.
“Facing costly and increasing annual support fees that deliver low value
and return on investment, Oracle licensees increasingly are switching to
Rimini Street support to avoid expensive, undesired upgrades and drive
more value from their existing Oracle application and technology
software investments,” said Seth
Ravin, Rimini Street CEO. “We are pleased to be a strategic partner
to hundreds of Oracle licensees like Valspar, and assist them in
achieving their financial goals through our award-winning,
highly-responsive support services.”
About Rimini Street, Inc.
Rimini Street is the leading third-party provider of enterprise software
support services. The company is redefining enterprise support services
with an innovative, award-winning program that enables Oracle and SAP
licensees to save up to 90 percent on total support costs over a decade,
including saving 50 percent on annual support fees. Clients can remain
on their current software release without any required upgrades or
migrations for at least 10 years. Hundreds of global, Fortune 500,
midmarket, and public sector organizations from virtually all industries
have selected Rimini Street as their trusted, independent support
provider. To learn more, please visit www.riministreet.com or
call within the USA 888-870-9692 or internationally +1 702-839-9671.
Rimini Street and the Rimini Street logo are trademarks of Rimini
Street, Inc. All other company and product names may be trademarks of
their respective owners. Copyright © 2013. All rights reserved.
Copyright Business Wire 2013