Rimini Street Stock Price, News & Analysis

Rimini Street has appointed Jeff Spicer as executive vice president and chief marketing officer. Spicer, a marketing veteran with over 20 years of experience, will oversee the company's global marketing strategy, aiming to bolster its client-centric services as it targets $1 billion in annual revenue by 2026. He previously held significant marketing roles at IBM, VMWare, and Yellowbrick Data. His appointment is seen as a strategic move to enhance brand management and drive demand generation in a market with a total addressable market exceeding $200 billion.

Rimini Street, Inc. (Nasdaq: RMNI) will announce its earnings for the fourth quarter and fiscal year 2021 on March 2, 2022, after market close. The company will host a conference call at 5:00 p.m. Eastern / 2:00 p.m. Pacific to discuss the results and provide an outlook for 2022. The event will be accessible via a live webcast on their Investor Relations website. Rimini Street is recognized as a leading third-party support provider for Oracle and SAP software, serving over 4,400 organizations, including Fortune 500 companies.

Rimini Street (Nasdaq: RMNI) announced that BreastScreen Victoria, a principal breast cancer screening organization in Australia, has transitioned to Rimini Street Support for its Oracle Database software. This switch has enabled BreastScreen Victoria to release internal IT resources, alleviating the need for staffing increases due to rising service demands, while significantly reducing annual support costs. With enhanced local support, the organization can now concentrate on strategic projects, such as data center migration.

Rimini Street (NASDAQ: RMNI) has launched its inaugural RMNI LOVE Grant Program, investing $50,000 to support local nonprofit organizations in Las Vegas. The initiative will award five grants of $10,000 each to certified 501(c)3 organizations in the area, aiming to recognize and uplift community efforts. This program, part of RMNI LOVE month, reflects the company’s commitment to its communities. The application process runs from February 1-28, with winners to be announced in March.

Rimini Street (NASDAQ: RMNI) announces its continued support for Staffmark Group, enhancing their PeopleSoft system to boost operational efficiency. Staffmark benefits from Rimini Street's quick tax, legal, and regulatory updates, improving payroll processes for 35,000 employees weekly. The collaboration aims to reinvest savings into innovative service offerings, including AI analysis and automated job posting capabilities, essential for maintaining a competitive edge.

Rimini Street (NASDAQ: RMNI) announced a recent U.S. Federal Court ruling regarding its ongoing litigation with Oracle. The court found in favor of Rimini on five items but also determined the company violated a permanent injunction, resulting in sanctions of $630,000 and restrictions on certain computer files. Rimini Street disagrees with the ruling and is considering an appeal to the U.S. Ninth Circuit Court. The company aims to litigate its claims against Oracle for alleged anticompetitive conduct.

Rimini Street (NASDAQ: RMNI) announces a partnership with Yarra Valley Water, the largest water utility in Melbourne, Australia. The utility has switched to Rimini Street support for its Oracle software portfolio, aiming to enhance service quality while minimizing costs. This strategic move aligns with Yarra Valley Water's goal of executing a digital transformation without increasing customer bills, despite managing over AUD$5 billion in infrastructure. The collaboration promises enhanced support and significant savings to fuel Yarra Valley Water's digital initiatives.

Rimini Street, Inc. (Nasdaq: RMNI), a leading global provider of enterprise software support, announced its participation in the 24th Annual Needham Growth Conference on January 14, 2022, at 2 p.m. ET. CFO Michael L. Perica and VP of Investor Relations Dean Pohl will represent the company. The event can be viewed live at this link and will be archived for 90 days. Rimini Street will also schedule one-on-one meetings with attendees through their investor relations team.

Rimini Street (NASDAQ: RMNI) has been granted a patent by the USPTO for its innovative Case Assignment Advisor application, leading to a 23% improvement in client case resolution times. The technology integrates multiple data sources and uses machine learning to ensure optimal engineer assignments, enhancing client satisfaction to a 4.9 out of 5.0 rating. This achievement has garnered multiple industry awards, including the Gold 2021 Stevie American Business Award. The patent furthers Rimini Street's commitment to driving innovation in enterprise software support.