Welcome to our dedicated page for Rimini Street news (Ticker: RMNI), a resource for investors and traders seeking the latest updates and insights on Rimini Street stock.
Rimini Street, Inc. (Nasdaq: RMNI) regularly issues news about its role as a global provider of enterprise software support, managed services and Agentic AI ERP solutions. The RMNI news feed highlights how the company serves as a third-party support provider for Oracle, SAP and VMware software and how its offerings are applied in real client environments across industries and regions.
Investors and technology professionals following Rimini Street news can read about client engagements where organizations switch to Rimini Support™ for SAP ECC or Oracle ERP systems, adopt Rimini Connect™ interoperability solutions or engage Rimini Consult™ for ERP strategy and modernization projects. Recent releases describe work with companies such as SP Electricity North West, Tidewater and Silicon Labs, focusing on themes like cost savings, improved system stability, security, single sign-on capabilities and reduced technical debt.
RMNI news also covers the company’s Agentic AI ERP initiatives, including the launch of Rimini Agentic UX™, an AI-driven user engagement layer for ERP processes, and the publication of the white paper "The Rise of Agentic AI ERP." These announcements explain how Rimini Street positions Agentic AI ERP as a way to orchestrate business processes across composable ERP platforms without disruptive upgrades, and how clients are using these capabilities to accelerate innovation.
In addition, Rimini Street news releases report on quarterly financial and operating results, stock repurchase activity, investor conferences and investor day events, as well as legal and regulatory developments such as the settlement agreement with Oracle. For anyone tracking RMNI, the news stream offers insight into the company’s client wins, product developments, strategic partnerships and financial disclosures over time.
Rimini Street (NASDAQ: RMNI) has been selected by CHG Healthcare, the largest private healthcare staffing firm in the U.S., for JD Edwards support. This partnership extends CHG's IT capabilities, providing 24/7 global support and improving system availability to enhance patient care for 25 million individuals annually. Rimini's expert engineers offer quick response times and strategic advisory that align with CHG's technological roadmap, ensuring efficient operations and compliance with legal mandates.
Rimini Street, Inc. (Nasdaq: RMNI) announced a seven-year agreement with DPaschoal Group, Brazil's leading automotive service retail network, to support its SAP ECC 6.0 applications. This transition is part of DPaschoal's digital transformation strategy, allowing them to reallocate resources towards enhancing their digital portal for improved customer experience. DPaschoal aims to maximize its existing SAP investments without upgrading or replacing its ERP system. The partnership will provide dedicated engineering support and aligns with DPaschoal’s goals for business growth and innovation.
Rimini Street reported a record revenue of $95.6 million for Q3 2021, marking a 15.9% year-over-year growth. The gross margin increased to 65.1% compared to 61.2% last year. Active clients rose to 2,793, reflecting an 18.1% growth. Notably, international revenue surged by 31.4%. The company aims for billion-dollar revenue operations by 2026 and has a revenue guidance of $95.8 million to $96.8 million for Q4 2021. Despite these achievements, the net income decreased to $1.9 million from $3.6 million last year.
Rimini Street, Inc. has appointed Kevin Mease as its first Chief Product Officer, alongside Bill Carslay as Group Vice President and General Manager of Global Professional Services. These leadership changes aim to enhance the company's multi-product strategy and support its goal of achieving $1 billion in annual revenue by 2026. Mease will oversee the solutions portfolio, while Carslay focuses on professional services, expanding the infrastructure to meet client demands and optimize software investments, particularly in SAP and Oracle.
Rimini Street, Inc. (NASDAQ: RMNI) has promoted Emmanuel Richard to Senior Vice President and General Manager of North America Theatre, while Gala Lyne steps up to manage the North America - East region. This restructuring aims to enhance North American revenue growth and reach a target of $1 billion in annual global revenue by 2026. Richard will oversee marketing, sales, and client engagement, capitalizing on existing relationships and expanding the company’s market footprint.
Rimini Street, Inc. (Nasdaq: RMNI) has appointed Eric Helmer as its new Chief Technology Officer (CTO) and launched the Office of the Chief Technology Officer (OCTO). This initiative aims to enhance strategic IT, operational, and financial goals for clients through innovative software solutions. Helmer brings 25 years of experience in IT and has previously led Rimini Street’s Strategic Services Group. The OCTO will focus on maximizing clients' enterprise software investments and providing advisory services tailored to optimize business operations and drive growth.
Rimini Street, Inc. (NASDAQ: RMNI) announces that Philippine Airlines has opted for Rimini Street Support for its Oracle software, aiming to enhance operational capacity and accelerate recovery post-pandemic. The strategic shift is designed to tackle challenges in the aviation sector, enabling key digital projects like cargo system modernization and passenger analytics improvement. The airline aims to reallocate resources towards innovative transformations, ensuring resilience and a customer-centric approach amidst reduced air travel demand.
Rimini Street (Nasdaq: RMNI) announced that Mitsubishi Corporation Life Sciences has switched to its support for JD Edwards applications. This transition has significantly lowered maintenance costs, allowing Mitsubishi to allocate resources towards digital transformation over the next five to ten years. The company aims to enhance operational agility and support overseas expansion. Rimini Street provides premium software support, ensuring faster response times and better service quality than previous vendor support.
Rimini Street, Inc. (Nasdaq: RMNI), a leader in enterprise software support, announced investor meetings at upcoming technology conferences in November 2021. Executives Michael L. Perica and Dean Pohl will meet with stakeholders at the Craig-Hallum 12th Annual Alpha Select Conference, Benchmark Company Virtual Technology Conference, and Ladenburg Thalmann Virtual Technology Expo. Rimini Street provides third-party support for Oracle and SAP products, helping over 4,200 organizations reduce costs and improve business outcomes.
Rimini Street, Inc. (Nasdaq: RMNI), a leading provider of enterprise software support, will report its third quarter 2021 earnings on November 3, 2021, after market close. The company will hold a conference call and webcast at 5:00 p.m. Eastern to discuss the results and outlook. Rimini Street has supported over 4,200 organizations worldwide, offering responsive application management and support services aimed at helping clients reduce costs and achieve better outcomes.