Rimini Street Stock Price, News & Analysis

Rimini Street, Inc. (Nasdaq: RMNI) has launched the RMNI LOVE Grant Program in Tokyo, inviting local certified charities to apply for one of five $10,000 grants. Following its inaugural successful event in Las Vegas in 2022, the program aims to support organizations that align with the company's core values. Applications for the grants will be accepted from February 15, 2023 until March 10, 2023. The initiative reflects Rimini Street's commitment to community support and celebrates its presence and history in Japan, where it has a growing client base.

Rimini Street (NASDAQ: RMNI) has been selected by Globe Union, a leader in kitchen and bath products, to address challenges stemming from declining vendor support for its Oracle EBS systems. This partnership aims to reduce operational costs while enhancing innovation. Globe Union benefits from dedicated support, timely ticket resolutions, and a minimum 15-year software support guarantee. The savings from reduced IT labor can now be reallocated to key projects, including a major production base relocation and new reporting systems. This strategic move emphasizes cost efficiency and technological empowerment in their operations.

Rimini Street, Inc. (NASDAQ: RMNI) will report its fourth quarter and fiscal year 2022 earnings on March 1, 2023, after market close. A conference call and webcast for discussion of results and the 2023 outlook is scheduled for 5:00 p.m. Eastern / 2:00 p.m. Pacific. The event will be accessible via Rimini Street's Investor Relations site. The company is a leading provider of third-party support for Oracle and SAP software, serving over 4,900 organizations globally. Investors can find more details about the event on their official website.

Rimini Street, Inc. (Nasdaq: RMNI) has announced the global adoption of its four-day workweek program, "Fabulous Fridays!" for 2023 following a successful trial in 2022. The initiative aims to enhance employee well-being and productivity by reducing workdays, allowing employees more time for relaxation and personal matters. Feedback from staff has been overwhelmingly positive, citing improved work-life balance. This decision supports Rimini Street's core values of sustainability and productivity, reinforcing its commitment to employee satisfaction and operational excellence.

Rimini Street (NASDAQ: RMNI), a leader in third-party support for Oracle and SAP, has announced a strategic partnership with Tanita Corporation, a global leader in health monitoring devices. By moving to Rimini Street for SAP support, Tanita is reducing its annual maintenance costs by up to 90%. This shift allows Tanita to reallocate valuable IT resources towards critical initiatives including cybersecurity and digital transformation. Tanita's switch underscores Rimini Street's reputation for providing reliable support while enabling companies to optimize their IT strategies for better operational efficiency.

Rimini Street (Nasdaq: RMNI) announces its participation in the 25th Annual Needham Growth Conference on January 12, 2023, at 1:30 p.m. ET.

CEO Seth A. Ravin, CFO Michael L. Perica, and VP of Investor Relations Dean Pohl will present virtually. The event can be watched live via a provided link, with a 90-day archive available post-event.

This participation highlights Rimini Street's position as a leading provider of enterprise software products and services, supporting organizations globally.

Rimini Street, Inc. (NASDAQ: RMNI) has secured a pivotal contract with Kooksoondang, a prominent Korean rice wine producer, transitioning from annual vendor support to Rimini Street for SAP ECC software management. This shift is aimed at enhancing support quality without vendor-forced upgrades for the next 15 years, while simultaneously reducing costs to funnel resources into strategic initiatives. Rimini Street provides a dedicated support engineer and guarantees a 10-minute response time for critical issues, ensuring operational stability as Kooksoondang invests in digital transformation projects.

Rimini Street, Inc. (Nasdaq: RMNI) announced that Officeworks successfully utilized Rimini Connect™ for Browsers to adapt its SAP systems post the retirement of Microsoft IE11. This solution enabled Officeworks to maintain critical CRM and customer support functionalities without a costly system upgrade. The partnership allowed Officeworks to avoid disruptions and continue its IT roadmap while ensuring browser compatibility. Daniel Benad from Rimini Street emphasized the importance of avoiding technology-driven operational issues.