Rimini Street Stock Price, News & Analysis

Rimini Street (NASDAQ: RMNI) has secured a support contract with Australia's oldest library, the State Library of Victoria, for its Oracle E-Business software. This partnership will enhance the library's database security and middleware platform, providing responsive support while lowering operational costs. The library will utilize Rimini Street's Advanced Database Security and Advanced Application Middleware Security solutions, enabling quick responses to digital threats and improving efficiency. The collaboration aims to free up resources for strategic initiatives and improve service delivery for the library's millions of visitors.

Rimini Street (Nasdaq: RMNI) has announced an increase in its stock repurchase program from $15 million to $50 million over the next four years, aimed at enhancing shareholder value. As of March 31, 2022, the company reported strong operating cash flow exceeding $112 million and a record cash balance of over $158 million, with net cash exceeding debt by $71 million. Additionally, Rimini Street prepaid $5 million of its term loan, reducing the outstanding balance to approximately $81.6 million. This move reflects the company's confidence in sustaining growth while managing debt effectively.

Rimini Street, Inc. (NASDAQ: RMNI) announced a partnership with E-LAND Innople, a South Korean IT affiliate of E-LAND Group, to provide SAP support services. This collaboration significantly reduces E-LAND Innople's annual maintenance costs, enabling them to reinvest the savings into innovation and digital transformation initiatives. Rimini Street's support is noted for enhancing business agility, with dedicated engineers providing rapid response and high satisfaction levels. The partnership is a strategic move aimed at fostering growth in a competitive market.

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products, announces participation in a fireside chat with Cowen analyst Derrick Wood on June 2, 2022, at 10:50 a.m. Eastern Time in New York. CEO Seth A. Ravin and CFO Michael L. Perica will discuss the company’s strategies and offerings, particularly in the realm of third-party support for Oracle and SAP software. The chat will be accessible live via a link, and available for 90 days post-event. Rimini Street supports over 4,700 organizations globally, helping them reduce costs and enhance business outcomes.

Rimini Street, Inc. (Nasdaq: RMNI), a top provider of enterprise software support, will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1. CEO Seth A. Ravin, CFO Michael L. Perica, and VP of Investor Relations Dean Pohl are scheduled for one-on-one and small group meetings with investors. Rimini Street specializes in third-party support for Oracle and SAP products, helping enterprises reduce costs and enhance business outcomes. The company serves nearly 4,700 organizations worldwide.

Rimini Street, Inc. (Nasdaq: RMNI) has signed an agreement with Lwart Soluções Ambientais, a leading Latin American oil recycler, to provide support for its SAP ECC 6.0 environment. This partnership allows Lwart to optimize its ERP operations and focus on strategic business goals without mandatory upgrades. Rimini Street’s services include tax and regulatory compliance, enabling Lwart to enhance operational efficiency and invest in innovation. The company aims to reach $1B in annual revenue by 2026, showcasing a commitment to long-term growth.

Rimini Street, Inc. (NASDAQ: RMNI) has partnered with AllianceCorp Manufacturing Holdings (ACM) to enhance its SAP S/4HANA software support. This collaboration allows ACM to focus on innovation and pursue new opportunities in sectors like electric vehicles and robotics. By leveraging Rimini Street's expertise, ACM aims to achieve greater business agility while maximizing return on its ERP investment. Rimini Street is targeting $1B in annual revenue by 2026.

Rimini Street, Inc. (NASDAQ: RMNI) will present at the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 2:15 p.m. Eastern Time. The presentation will feature Michael L. Perica, CFO, and Dean Pohl, VP of Investor Relations. Participants can access the live webcast at this link, and it will be archived for 90 days. Rimini Street representatives will also hold one-on-one meetings during the conference. For details, contact the Investor Relations team.

Rimini Street (Nasdaq: RMNI) announced its inaugural RMNI LOVE™ Grant Program recipients, awarding $10,000 each to five nonprofit organizations in Las Vegas. The selected organizations include Baby’s Bounty, Cure 4 The Kids Foundation, Nevada Partnership for Homeless Youth, Three Square Food Bank, and True Beginnings. The initiative aims to support local charities that create significant community impacts, reflecting Rimini's commitment to contributing positively to the communities it serves.