Rimini Street Stock Price, News & Analysis

Rimini Street (Nasdaq: RMNI) has received multiple prestigious awards recognizing its excellence in customer service and AI innovation. The company won two Stevie Awards: a Silver Stevie for Front-Line Customer Service Team of the Year in Technology Industries and a Bronze Stevie for Best Customer Satisfaction Strategy.

The Global Service Delivery team was acknowledged for delivering extraordinary service, handling over 8,500 milestone updates monthly with a remarkable 4.9/5.0 client satisfaction rating. The company's Executive Sponsor Program, managed by the Global Client Engagement team, was also recognized for aligning senior leadership with key clients.

Additionally, Rimini Street received the Business Intelligence Group's 2025 Best AI-based Customer Service Solution award for its AI-enhanced enterprise software support, which has reduced resolution times by 23% through intelligent case assignment and proactive anomaly detection.

Rimini Street (NASDAQ: RMNI) has announced its entry as a Workday Application Management Services (AMS) Partner, launching Rimini Manage™ for Workday services with immediate availability. The service will support Workday Financial Management, Human Capital Management (HCM), and Adaptive Planning solutions.

The new offering leverages Rimini Street's global service delivery model, featuring 24/7/365 support with engineers across 20+ countries. The service aims to help organizations streamline Workday operations, address staffing challenges, and improve business outcomes while enabling IT teams to focus on strategic initiatives like enterprise AI and automation.

According to Valoir analyst Rebecca Wettemann, this partnership addresses the critical challenge of recruiting and maintaining Workday support staff. Workday's Group VP of Global Partner Sales, Rogerio Almeida, highlighted that Rimini Street's expertise will help customers optimize their Workday environments and achieve greater efficiency.

Rimini Street (Nasdaq: RMNI), a leading third-party software support provider for Oracle, SAP and VMware, has achieved multiple consecutive Great Place to Work® certifications across multiple regions including Israel, Japan, Singapore, UK and USA. The company's CEO, Seth Ravin, was also awarded Best Workplaces™ Korea's Most Respected CEO award.

Employee surveys revealed exceptional satisfaction rates: 100% of Singapore and UK employees felt welcome upon joining, while 98% in Japan and 96% in Israel reported fair treatment regardless of age. Gender equality scored highly with 100% in Singapore and 98% in Japan, while racial fairness reached 96% in Israel and Japan.

Additional survey highlights showed 95% of UK employees having open conversations with management, 92% of USA staff feeling positive about community contributions, and 91% satisfied with time-off flexibility.

Rimini Street (NASDAQ: RMNI) has announced a strategic partnership with T-Systems North America to provide comprehensive enterprise software support and hosting solutions. The collaboration combines Rimini Street's expertise in software support for SAP, Oracle, VMware, and other enterprise products with T-Systems' hosting and cloud infrastructure managed services.

The partnership aims to help organizations reduce total IT costs, extend the lifespan of current software releases, and implement advanced enterprise AI and automation capabilities without requiring upgrades, migrations, or additional IT budget. Both companies bring nearly twenty years of experience in their respective fields.

This integrated approach will deliver full-stack enterprise IT solutions, offering clients enhanced software support, managed services, and hosting solutions while providing alternative roadmaps for digital transformation. The alliance focuses on helping organizations optimize technology investments while maintaining high service quality and infrastructure expertise.

Rimini Street (NASDAQ: RMNI) reported its Q4 and full-year 2024 financial results. Q4 revenue reached $114.2 million, up 1.9% year-over-year, with improved gross margin of 63.7% compared to 61.0% in the prior year. International revenue grew 10.5% to $61.1 million, while U.S. revenue declined 6.5% to $53.1 million.

The company maintained a strong subscription-based model with 95.5% of revenue from subscriptions. Active clients increased 1.4% to 3,081, though revenue retention rate decreased to 88%. Q4 operating income was $14.9 million with net income of $6.7 million.

For full-year 2024, revenue slightly decreased 0.6% to $428.8 million, with a gross margin of 60.9%. The company reported a net loss of $36.3 million for 2024 compared to net income of $26.1 million in 2023. Notable developments include a new partnership with ServiceNow and expansion of Rimini Protect and Rimini Connect solutions.

Rimini Street (Nasdaq: RMNI) has announced a $100,000 RMNI LOVE Charitable Grant Giveaway to celebrate the 10th anniversary of its Rimini Street Foundation. The initiative will award ten $10,000 grants to registered charities in selected cities worldwide throughout 2025.

The Foundation, established in 2015, is a self-funded philanthropic program that has partnered with 550 global charitable organizations. The grant program follows the company's 'Follow-the-Sun' model, previously implemented in Las Vegas (2022), Tokyo (2023), and London (2024).

For the 2025 program, eligible charities from ten cities can apply: Denver, Houston, Kyoto, Manila, Melbourne, Paris, São Paulo, Seoul, Taipei, and Toronto. The application period runs from February 10 to March 9, 2025. The program is managed by a Global Steering Committee and governed by employees representing Rimini Street's diverse culture.

Rimini Street (Nasdaq: RMNI), a global provider of enterprise software support solutions and leading third-party support provider for Oracle, SAP, and VMware software, has announced its upcoming earnings release. The company will report its fourth quarter and fiscal year 2024 financial results after market close on February 27, 2025.

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

Rimini Street (Nasdaq: RMNI) has announced the general availability of Rimini Protect™ Advanced Hypervisor Security (AHS), powered by Vali Cyber® AI/ML security technology. The solution is designed to protect VMware ESXi, Nutanix, and all Linux-based hypervisors against ransomware and security vulnerabilities.

The announcement comes amid rising ransomware attacks, with victim numbers increasing 43% from Q3 to Q4 2024 and 47% year-over-year. Ransomware payments have surged from $199,000 in early 2023 to $1.5 million in June 2024.

Key features of Rimini Protect AHS include AI/ML technology for runtime protection, Multi-Factor Authentication (MFA), and Process Control to prevent attacks from escaping designated environments. The solution is supported by Rimini Street's Global Security Services team, available 24/7/365.

Rimini Street (NASDAQ: RMNI), a leading third-party software support provider for Oracle, SAP, and VMware, has received multiple industry awards highlighting its service excellence and client satisfaction. The company won the Trust Radius 2025 Buyer's Choice Award based on customer reviews in capabilities, value, and customer relationship.

The company also secured a Silver Globee Award for Customer Service Department of the Year and a Gold Globee Award for Customer Service Executive of the Year, with Craig Mackereth recognized for improving client satisfaction and response rates. Rimini Street's AI-powered tools enable 23% faster issue resolution with sub-two-minute response averages.

Additionally, Rimini Street received a Gold Merit Award in the Consulting Category for Technology, particularly noted for its VMware support services launched in May 2024 in response to challenges arising from Broadcom's VMware acquisition.