Latest news with #RiminiStreet
National Post
2 hours ago
- Business
- National Post
Rimini Street Announces the Extension of Support for All SAP ECC 6.0 and S/4HANA Releases Through 2040
Article content All SAP software licensees can now easily extend the useful life and maximize the full value of their current, proven and stable mission-critical systems and enjoy total maintenance savings of up to 90% without the requirement of a costly and risky migration to S/4HANA on RISE Article content LAS VEGAS — Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it has extended full support coverage for all SAP ECC 6.0 and S/4HANA releases through 2040, without any need to complete a migration to S/4HANA on RISE as required by SAP for clients who want to remain on SAP's Annual Support and receive full support. Article content 'The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP.' – Seth Ravin, CEO, Rimini Street Article content Current Rimini Support™ for SAP clients are not impacted by SAP's end-of-maintenance dates. With unmatched support, service and guidance from Rimini Street as a single, trusted partner – clients can keep systems running smoothly, stay in full tax and legal compliance and re-allocate IT budget savings to self-fund innovation. Rimini Street launched Rimini Support for SAP over fifteen years ago and currently supports hundreds of SAP ECC 6.0 and S/4HANA clients. This announcement extending SAP ECC 6.0 and S/4HANA support for another fifteen years applies to both current and new clients who are seeking to drive maximum ROI out of their SAP software investment and enjoy total annual maintenance savings of up to 90% and avoid the cost and risks of a low-value migration to S/4HANA on RISE. Article content 'Rimini Street's announcement that it will support all SAP releases until 2040 is most welcome news to SAP ECC customers such as ourselves,' said Nobuo Norisue, president of AUTOBACS Digital Initiative Co., the group IT infrastructure of AUTOBACS, Japanese retailer of automotive parts and accessories. 'As a very satisfied client of Rimini Support™ for SAP since 2016, having the option to stay on our ECC system until 2040 with the support of Rimini Street opens up many new doors for us, especially at a time when we are designing our next-generation IT foundation and architecture while balancing budgets and delivery timeline. Rimini Street's continued support provides us with more time, funds and options for a smart path forward.' Article content 'According to industry analysts, an estimated 20,000 SAP ECC licensees have not even licensed S/4HANA, and many of those who have licensed S/4HANA still have not completed an S/4HANA or S/4HANA on RISE migration,' said Seth Ravin, CEO of Rimini Street. 'The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP. There is no need for SAP licensees to undergo major costs, risks and disruption to their operations for a software migration that many believe is unnecessary and low value, compared to the value of investing in new technologies like enterprise AI, workflow and task automation – that can bring immediate value to the organization.' Article content Rimini Street Extends the Useful Life of All SAP ECC 6.0 and S/4HANA Releases Article content SAP's Mainstream Maintenance for ECC 6.0 is scheduled to end by 2027, but for those on enhancement packs 0-5, the end date is December 31, 2025. Similarly, SAP S/4HANA has several releases where Mainstream Maintenance has already ended or will end in 2025, 2026, or 2027, depending on the version. SAP's Extended Maintenance is available for some versions of ECC 6.0 and S/4HANA, but not all, and at a significant cost increase. The full list of maintenance end dates can be found here. Article content Rimini Street clients can avoid the endless cycles and risks of vendor-mandated upgrades, migrations and replatforming, benefitting from: Article content Immediate savings of up to 50% off SAP annual support fees, with savings of up to 90% on total support costs A named, dedicated Primary Support Engineer (PSE), backed by a deep bench of SAP experts across the globe, and Rimini Street's patented and proprietary AI tools and processes for fast, accurate issue resolution Comprehensive support that covers customizations at no additional charge, helping to lower daily IT operating costs and preserve processes of competitive differentiation Guaranteed SLAs of ten-minute response time for critical cases, averaging less than two-minute response times for both Priority 1 and 2 cases in 2024 Article content 'We predict the future of ERP will forever be changed in the next five to ten years, with ERP software replaced by new, faster and more flexible agentic ERP processes that we are already deploying for clients,' said Ravin. 'Already, Rimini Street clients have saved $9 billion dollars in IT operating costs and are self-funding innovation to propel them forward without being slowed down with unnecessary, costly and risky upgrades, migrations and replatforming. Rimini Street clients are disruptors, not the disrupted.' Article content About Rimini Street, Inc. Article content Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000 ® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. Article content To learn more, please visit and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn. Article content Forward-Looking Statements Article content 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 'anticipate,' 'assume,' 'believe,' 'continue,' 'could,' 'currently,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'may,' 'might,' 'outlook,' 'plan,' 'possible,' 'goal,' 'potential,' 'predict,' 'project,' 'seem,' 'seek,' 'should,' 'will,' 'would' 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, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; any expenses to be incurred to comply with any injunction ordered by the courts relating to the Rimini II litigation matter and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of any recessionary macro-economic trends, heightened geopolitical tensions and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to educate the market to attract and retain clients and further penetrate our client base; significant competition in the software support services industry and our intentions with respect to our pricing model; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs in light of current revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind-down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise 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; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with generative artificial intelligence (AI) technologies potentially used by us or used by our third-party vendors and service providers; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take; tariff costs (including tariff relief or the ability to mitigate tariffs, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries); a failure by us to establish adequate tax reserves; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities; our credit facility's ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street's equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading 'Risk Factors' in Rimini Street's Quarterly Report on Form 10-Q filed on May 1, 2025, 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. Article content © 2025 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. Article content Article content Article content Article content Article content Contacts
Yahoo
2 hours ago
- Business
- Yahoo
Rimini Street Announces the Extension of Support for All SAP ECC 6.0 and S/4HANA Releases Through 2040
All SAP software licensees can now easily extend the useful life and maximize the full value of their current, proven and stable mission-critical systems and enjoy total maintenance savings of up to 90% without the requirement of a costly and risky migration to S/4HANA on RISE LAS VEGAS, June 05, 2025--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it has extended full support coverage for all SAP ECC 6.0 and S/4HANA releases through 2040, without any need to complete a migration to S/4HANA on RISE as required by SAP for clients who want to remain on SAP's Annual Support and receive full support. Rimini Street SAP Clients Gain Long-Term Savings to Self-Fund Innovation Current Rimini Support™ for SAP clients are not impacted by SAP's end-of-maintenance dates. With unmatched support, service and guidance from Rimini Street as a single, trusted partner – clients can keep systems running smoothly, stay in full tax and legal compliance and re-allocate IT budget savings to self-fund innovation. Rimini Street launched Rimini Support for SAP over fifteen years ago and currently supports hundreds of SAP ECC 6.0 and S/4HANA clients. This announcement extending SAP ECC 6.0 and S/4HANA support for another fifteen years applies to both current and new clients who are seeking to drive maximum ROI out of their SAP software investment and enjoy total annual maintenance savings of up to 90% and avoid the cost and risks of a low-value migration to S/4HANA on RISE. "Rimini Street's announcement that it will support all SAP releases until 2040 is most welcome news to SAP ECC customers such as ourselves," said Nobuo Norisue, president of AUTOBACS Digital Initiative Co., the group IT infrastructure of AUTOBACS, Japanese retailer of automotive parts and accessories. "As a very satisfied client of Rimini Support™ for SAP since 2016, having the option to stay on our ECC system until 2040 with the support of Rimini Street opens up many new doors for us, especially at a time when we are designing our next-generation IT foundation and architecture while balancing budgets and delivery timeline. Rimini Street's continued support provides us with more time, funds and options for a smart path forward." "According to industry analysts, an estimated 20,000 SAP ECC licensees have not even licensed S/4HANA, and many of those who have licensed S/4HANA still have not completed an S/4HANA or S/4HANA on RISE migration," said Seth Ravin, CEO of Rimini Street. "The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP. There is no need for SAP licensees to undergo major costs, risks and disruption to their operations for a software migration that many believe is unnecessary and low value, compared to the value of investing in new technologies like enterprise AI, workflow and task automation – that can bring immediate value to the organization." Rimini Street Extends the Useful Life of All SAP ECC 6.0 and S/4HANA Releases SAP's Mainstream Maintenance for ECC 6.0 is scheduled to end by 2027, but for those on enhancement packs 0-5, the end date is December 31, 2025. Similarly, SAP S/4HANA has several releases where Mainstream Maintenance has already ended or will end in 2025, 2026, or 2027, depending on the version. SAP's Extended Maintenance is available for some versions of ECC 6.0 and S/4HANA, but not all, and at a significant cost increase. The full list of maintenance end dates can be found here. Rimini Street clients can avoid the endless cycles and risks of vendor-mandated upgrades, migrations and replatforming, benefitting from: Immediate savings of up to 50% off SAP annual support fees, with savings of up to 90% on total support costs A named, dedicated Primary Support Engineer (PSE), backed by a deep bench of SAP experts across the globe, and Rimini Street's patented and proprietary AI tools and processes for fast, accurate issue resolution Comprehensive support that covers customizations at no additional charge, helping to lower daily IT operating costs and preserve processes of competitive differentiation Guaranteed SLAs of ten-minute response time for critical cases, averaging less than two-minute response times for both Priority 1 and 2 cases in 2024 "We predict the future of ERP will forever be changed in the next five to ten years, with ERP software replaced by new, faster and more flexible agentic ERP processes that we are already deploying for clients," said Ravin. "Already, Rimini Street clients have saved $9 billion dollars in IT operating costs and are self-funding innovation to propel them forward without being slowed down with unnecessary, costly and risky upgrades, migrations and replatforming. Rimini Street clients are disruptors, not the disrupted." Learn about a SMARTER and FASTER path to innovation here. About Rimini Street, Inc. Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. To learn more, please visit and connect with Rimini Street on X, Facebook, Instagram, 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 "anticipate," "assume," "believe," "continue," "could," "currently," "estimate," "expect," "forecast," "future," "intend," "may," "might," "outlook," "plan," "possible," "goal," "potential," "predict," "project," "seem," "seek," "should," "will," "would" 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, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; any expenses to be incurred to comply with any injunction ordered by the courts relating to the Rimini II litigation matter and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of any recessionary macro-economic trends, heightened geopolitical tensions and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to educate the market to attract and retain clients and further penetrate our client base; significant competition in the software support services industry and our intentions with respect to our pricing model; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs in light of current revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind-down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise 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; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with generative artificial intelligence (AI) technologies potentially used by us or used by our third-party vendors and service providers; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take; tariff costs (including tariff relief or the ability to mitigate tariffs, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries); a failure by us to establish adequate tax reserves; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities; our credit facility's ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street's equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading "Risk Factors" in Rimini Street's Quarterly Report on Form 10-Q filed on May 1, 2025, 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. © 2025 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. View source version on Contacts Janet RavinVP, Global CommunicationsRimini Street, Inc.+1 702 285-3532pr@
Business Wire
2 hours ago
- Business
- Business Wire
Rimini Street Announces the Extension of Support for All SAP ECC 6.0 and S/4HANA Releases Through 2040
LAS VEGAS--(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it has extended full support coverage for all SAP ECC 6.0 and S/4HANA releases through 2040, without any need to complete a migration to S/4HANA on RISE as required by SAP for clients who want to remain on SAP's Annual Support and receive full support. 'The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP.' - Seth Ravin, CEO, Rimini Street Share Rimini Street SAP Clients Gain Long-Term Savings to Self-Fund Innovation Current Rimini Support™ for SAP clients are not impacted by SAP's end-of-maintenance dates. With unmatched support, service and guidance from Rimini Street as a single, trusted partner – clients can keep systems running smoothly, stay in full tax and legal compliance and re-allocate IT budget savings to self-fund innovation. Rimini Street launched Rimini Support for SAP over fifteen years ago and currently supports hundreds of SAP ECC 6.0 and S/4HANA clients. This announcement extending SAP ECC 6.0 and S/4HANA support for another fifteen years applies to both current and new clients who are seeking to drive maximum ROI out of their SAP software investment and enjoy total annual maintenance savings of up to 90% and avoid the cost and risks of a low-value migration to S/4HANA on RISE. 'Rimini Street's announcement that it will support all SAP releases until 2040 is most welcome news to SAP ECC customers such as ourselves,' said Nobuo Norisue, president of AUTOBACS Digital Initiative Co., the group IT infrastructure of AUTOBACS, Japanese retailer of automotive parts and accessories. 'As a very satisfied client of Rimini Support™ for SAP since 2016, having the option to stay on our ECC system until 2040 with the support of Rimini Street opens up many new doors for us, especially at a time when we are designing our next-generation IT foundation and architecture while balancing budgets and delivery timeline. Rimini Street's continued support provides us with more time, funds and options for a smart path forward.' 'According to industry analysts, an estimated 20,000 SAP ECC licensees have not even licensed S/4HANA, and many of those who have licensed S/4HANA still have not completed an S/4HANA or S/4HANA on RISE migration,' said Seth Ravin, CEO of Rimini Street. 'The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP. There is no need for SAP licensees to undergo major costs, risks and disruption to their operations for a software migration that many believe is unnecessary and low value, compared to the value of investing in new technologies like enterprise AI, workflow and task automation – that can bring immediate value to the organization.' Rimini Street Extends the Useful Life of All SAP ECC 6.0 and S/4HANA Releases SAP's Mainstream Maintenance for ECC 6.0 is scheduled to end by 2027, but for those on enhancement packs 0-5, the end date is December 31, 2025. Similarly, SAP S/4HANA has several releases where Mainstream Maintenance has already ended or will end in 2025, 2026, or 2027, depending on the version. SAP's Extended Maintenance is available for some versions of ECC 6.0 and S/4HANA, but not all, and at a significant cost increase. The full list of maintenance end dates can be found here. Rimini Street clients can avoid the endless cycles and risks of vendor-mandated upgrades, migrations and replatforming, benefitting from: Immediate savings of up to 50% off SAP annual support fees, with savings of up to 90% on total support costs A named, dedicated Primary Support Engineer (PSE), backed by a deep bench of SAP experts across the globe, and Rimini Street's patented and proprietary AI tools and processes for fast, accurate issue resolution Comprehensive support that covers customizations at no additional charge, helping to lower daily IT operating costs and preserve processes of competitive differentiation Guaranteed SLAs of ten-minute response time for critical cases, averaging less than two-minute response times for both Priority 1 and 2 cases in 2024 'We predict the future of ERP will forever be changed in the next five to ten years, with ERP software replaced by new, faster and more flexible agentic ERP processes that we are already deploying for clients,' said Ravin. 'Already, Rimini Street clients have saved $9 billion dollars in IT operating costs and are self-funding innovation to propel them forward without being slowed down with unnecessary, costly and risky upgrades, migrations and replatforming. Rimini Street clients are disruptors, not the disrupted.' Learn about a SMARTER and FASTER path to innovation here. About Rimini Street, Inc. Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000 ® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. To learn more, please visit and connect with Rimini Street on X, Facebook, Instagram, 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 'anticipate,' 'assume,' 'believe,' 'continue,' 'could,' 'currently,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'may,' 'might,' 'outlook,' 'plan,' 'possible,' 'goal,' 'potential,' 'predict,' 'project,' 'seem,' 'seek,' 'should,' 'will,' 'would' 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, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; any expenses to be incurred to comply with any injunction ordered by the courts relating to the Rimini II litigation matter and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of any recessionary macro-economic trends, heightened geopolitical tensions and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to educate the market to attract and retain clients and further penetrate our client base; significant competition in the software support services industry and our intentions with respect to our pricing model; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs in light of current revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind-down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise 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; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with generative artificial intelligence (AI) technologies potentially used by us or used by our third-party vendors and service providers; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take; tariff costs (including tariff relief or the ability to mitigate tariffs, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries); a failure by us to establish adequate tax reserves; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities; our credit facility's ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street's equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading 'Risk Factors' in Rimini Street's Quarterly Report on Form 10-Q filed on May 1, 2025, 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. © 2025 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.
Yahoo
6 hours ago
- Business
- Yahoo
The 6 a.m. CFO: How Rimini Street's Michael Perica starts his day
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them. Today, Rimini Street's CFO, Michael Perica, shares his morning routine. Be sure to check out the entire 6 a.m. CFO series, and if you'd like to be featured in a future post, please email us here. A global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. Year founded: 2005 Number of employees: Over 2,000 Revenue: $ 400M+ Weekday wake-up time: My daily wake-up time is 6:30 a.m. Morning beverage choice: I am a fan of simple black coffee in the morning to get my day going. Non-work-related morning activities: I am very fortunate to be able to get my daughter ready and take her to elementary school most mornings. My daughter is a big 'Swiftie.' Not only do we go to Taylor Swift concerts together, but every morning that I drive my daughter to school, we sing along to her songs too. It's a wonderful morning when we can listen to Taylor Swift's music together, and an even better morning when we just chat. Workday start time: I like to begin my day between 7:30 a.m. and 8 a.m. Depending on whether I have school drop-off duty. How I usually spend the first hour of my day: I start my day by reviewing all the emails that came in overnight. Most of my company's business is international, so it's my priority to review the 30 or 40 emails that came in from our partners and customers across the globe. When I send out my first email: I like to send my emails out late in the evening, versus starting off the day sending them. I prefer to have my emails in the recipient's inbox before they log in the next day. This is a global strategy for me. Best advice for writing an effective email: Brevity and summary. An email's primary function is to share data. You're better off discussing and reviewing that data in person or on a call. First dashboard I review: I first look at how we're trending on new bookings. How I structure my morning meetings: I prefer to use minimal PowerPoint slides that include sets of data. I like to have my meetings structured around a pre-set list of key discussion points and tackle those with my teammates. Of course, making sure my camera and everyone else's is on to increase engagement. Mid-morning snack of choice: I enjoy a banana mid-morning. They fill me up and keep me energized. Tell us about a recent morning that didn't go as planned and how you adjusted: If your mornings are going exactly as planned, something's not right. Having a morning go as planned is a rare blessing. Throughout my career, I've learned the importance of adaptability and the ability to adjust. To do that effectively, I need to prioritize. New priorities can emerge overnight, so being able to prioritize is essential for staying on top of the most important tasks. Favorite quote or mantra: I have an acronym — DOTI. This means, don't overthink it. I sometimes have team members who get on the phone with me and ask me, 'Is this a DOTI situation?' And most often it is. Favorite leadership lesson: Most effective leaders have humility, they can motivate and they are persistent. In my career, I've found those traits present in the most effective leaders that I have worked with. Something important to know about me that you wouldn't know from my business bio: I am a Formula 1 junkie, and I enjoy skiing with my daughter. My wife doesn't ski, so it's special for me and my daughter. It's our thing. Or, one of our things, aside from our Taylor Swift sing-along sessions. Favorite number: 1057. This is the time my daughter was born. Ten fifty-seven a.m. to be exact. Not many people know what time they were born, and this is how I remember it for her. Most noteworthy items in my workspace: My chair. I had back surgery back in the day, and a chair is the most important item for those who sit during the day. I have tried all the high-end chairs, but the most comfortable chair I found and still use is a chair from IKEA. That's another lesson I've learned over the years: just because it costs a lot doesn't mean it's great. Do you have a pet? I do not. My wife and I travel frequently for work, and we also travel a lot as a family. But it may be a possibility in the future. Favorite app on my phone that is not related to business: The F1 app, where I can watch F1 with Sam Collins. This app really lets me dive into my lifelong hobby of cars and my fascination with car racing. The year, make and model of your first car: A 1992 Mustang GT convertible. A switch-up from my current car, which is a Mercedes 4-door. It is still a sports car, but safe and comfortable for my daughter and wife. Most influential person you've ever met: That would be the first individual I worked for. His name was Ernie Olde. He's passed now, but he was a stand-up man. He gave me wonderful career advice while I was working on my undergrad. There's actually a podcast where I discussed The Billionaire's Apprentice, and it was written about my relationship with Ernie. He, very early in my career in capital markets, opened my eyes to the opportunity. I was fortunate to learn from the captains of industry in the C-suite, and this changed my direction as a professional from that point forward. Most inspirational person in your life: My father. He left Yugoslavia post-World War II to join the U.S. military and make it to the U.S. It was illegal to leave that country during that time, and he took a big risk. I am where I am because of his bravery. He had to leave his family in his late teens and truly build a new, better life for himself. Recommended Reading The 6 a.m. CFO series Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
a day ago
- Business
- Business Insider
Craig-Hallum Remains a Buy on Rimini Street (RMNI)
Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Rimini Street (RMNI – Research Report) on June 2. The company's shares closed yesterday at $3.21. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Van Rhee is a 4-star analyst with an average return of 8.7% and a 45.31% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Rimini Street, Cellebrite DI, and Intellicheck Mobilisia. Rimini Street has an analyst consensus of Moderate Buy, with a price target consensus of $4.75.
