Rimini Street Stock Price, News & Analysis

Rimini Street (Nasdaq: RMNI) has announced reaching a significant milestone of supporting over 100 VMware contracts through its Rimini Support™ for VMware solution. The company, which provides third-party support for Oracle, SAP, and VMware software, offers premium support services and exclusive security features for organizations with VMware perpetual licenses.

The solution includes Rimini Protect™ Advanced Hypervisor Security (AHS), powered by Vali Cyber®, which provides zero-day proactive protection against malware and ransomware. Clients like Lwart Soluções Ambientais and Bluebird Fiber have highlighted the seamless transition and comprehensive protection offered by Rimini Street's VMware support services.

Rimini Street (NASDAQ:RMNI) announced that Japanese petroleum manufacturer Idemitsu Kosan has chosen Rimini Street as its strategic ERP support partner for its SAP ECC 6.0 system. Instead of migrating to S/4HANA before SAP's 2030 end-of-support deadline, Idemitsu will maximize its existing SAP investment through Rimini Street's third-party support services.

The partnership, which began in 2013 with Oracle EBS support, enables Idemitsu to pursue its digital transformation strategy by adding capabilities to its core system rather than replacing it. The company is implementing a flexible ERP strategy, including restructuring its accounting and reporting systems, as part of its business portfolio transformation from five main areas into three business segments.

Idemitsu's decision followed an independent research firm's review of S/4HANA migration costs and business impacts. The company values Rimini Street's technical expertise in maintaining their highly customized SAP environment while enabling business-driven technology decisions.

Rimini Street (Nasdaq: RMNI) has announced a strategic partnership with American Digital to provide comprehensive enterprise software support solutions for SAP, Oracle, and VMware applications running on HPE infrastructure. The partnership aims to help North American clients achieve up to 90% reduction in total software maintenance costs while maintaining system stability and compliance.

The collaboration enables organizations to maximize their existing systems and integrate modern technologies like AI and automation without requiring vendor upgrades or migrations. Regal Rexnord, a sustainable energy products manufacturer, has already benefited from this partnership, with their Chief Digital & Information Officer praising the partnership's service excellence and technical expertise.

Rimini Street (Nasdaq: RMNI) has been approved as a supplier on the U.S. General Services Administration's (GSA) Multiple Award Schedule under contract 47QTCA25D00DT. This approval enables federal, state, local, and tribal government agencies to directly procure Rimini Street's support and security services for Oracle, SAP, and VMware software through the GSA Schedule.

The company offers up to 50% savings compared to vendor maintenance fees, with clients saving nearly $10 billion to date. Rimini Street's services include 24/7/365 support with 10-minute engineer response times, support for customizations, and guaranteed coverage for up to 15 years without required upgrades. The company employs over 1,000 global engineers and provides exclusive security solutions to extend software lifespan.

Rimini Street (NASDAQ:RMNI) has expanded its partnership with Suntory to develop Comado, a new wellness mobile application. Building on their existing relationship where Suntory achieved 50% cost savings by switching Oracle product maintenance to Rimini Street in 2021, the company has now selected Rimini Consult™ for this strategic project.

The new gamified, points-based mobile application for Suntory Wellness members was successfully launched within a challenging 4-month deadline. Rimini Street provided the necessary Oracle database expertise and development environments, enabling Suntory to complete the project without requiring additional product investments or compromising quality.

Rimini Street (NASDAQ:RMNI), a leading third-party software support provider, reported its Q2 2025 financial results with mixed performance metrics. Revenue reached $104.1 million, up 1.0% year-over-year, with international revenue growing 6.4% to $55.0 million.

Key highlights include improved gross margin of 60.4% (vs 59.1% prior year), Adjusted EBITDA of $13.0 million (vs $8.8 million), and operating income of $41.2 million (vs $0.8 million loss). The company maintained 3,060 active clients, up 1.8% year-over-year, with a revenue retention rate of 90%.

Notable developments include receiving $37.9 million from Oracle settlement, reducing credit facility debt to $71.3 million, and announcing SAP support extension through 2040. The company also strengthened its leadership team with new COO and CIO appointments.

Rimini Street (NASDAQ:RMNI) has announced that The University of Melbourne, Australia's top-ranked higher learning institute, has selected its services for Oracle systems support. The university, which serves 55,000 students and 10,000 staff, has chosen Rimini Support™, Rimini Protect™, and Rimini Connect™ for its Oracle Database, EBS, and Hyperion systems.

The strategic partnership aims to eliminate costly frequent upgrades while maintaining support for over 300 customizations in the university's ERP systems. The move allows the university to redirect resources toward digital innovation and enhanced student experiences, addressing previous challenges with vendor support responsiveness and mandatory upgrade cycles.

The university has also implemented Rimini Connect™ for Email to ensure ongoing email server compatibility and enhanced security protocols, demonstrating a comprehensive approach to IT system management and innovation.

Rimini Street (Nasdaq: RMNI), a leading third-party software support provider for Oracle, SAP, and VMware, has scheduled its Second Quarter 2025 earnings release for July 31, 2025, after market close.

The company will host a conference call and webcast at 5:00 p.m. Eastern / 2:00 p.m. Pacific time to discuss Q2 2025 results and provide outlook for 2025. Investors can access the live webcast through Rimini Street's Investor Relations site or dial in at 1-800-836-8184. A replay will be available for one year following the event.

OSG Corporation, a global leader in precision manufacturing, has extended its contract with Rimini Street (NASDAQ: RMNI) for Oracle EBS system support through 2029. The partnership has enabled OSG to achieve an 8% reduction in total IT operating costs, lowering their IT budget allocation for Oracle maintenance from 86% to 78%. OSG chose to maintain their on-premises Oracle EBS system rather than migrate to the cloud, citing cost considerations. The company leverages Rimini Street's support to pursue a hybrid approach, integrating new digital tools while maintaining core stability. The extension demonstrates OSG's satisfaction with Rimini Street's services, which include reducing annual software support fees by up to 50% and providing flexibility in IT roadmap decisions.