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) announced that ENEX, a premier furniture manufacturer in South Korea, has transitioned its support services for SAP systems to Rimini Street. This change has allowed ENEX to cut annual support costs significantly and focus its IT workforce on essential modernization initiatives. With Rimini Street's high customer satisfaction rating of 4.9 out of 5.0 and a commitment to maintaining core SAP applications for 15 years, ENEX aims to leverage this partnership for future IT enhancements.
Rimini Street (Nasdaq: RMNI) announced its engagement with Open Universities Australia to implement regulatory updates for new student data reporting, complying with the Australian Government's Tertiary Collection of Student Information regulations. This partnership builds on Rimini Street's support of OUA's PeopleSoft applications since 2017. The new regulations require near-real-time data reporting, and Rimini's tax, legal, and regulatory team will manage compliance across 26,000 jurisdictions worldwide, responding to increasing regulatory changes, demonstrated by a 40% rise in such changes in 2020.
Rimini Street (Nasdaq: RMNI) announced that Korean Air has extended its support agreement to cover its entire Oracle software portfolio, building on a successful partnership established in 2019. This strategic move allows Korean Air to reduce Oracle maintenance costs and enhance efficiency. The transition to Rimini Street's support enables the airline to redeploy resources towards critical infrastructure projects, with an emphasis on cloud migration, as seen in their AWS-hosted environment since April 2021. Rimini Street offers rapid response support, further solidifying their collaboration.
Summary not available.
Rimini Street, Inc. has announced the addition of two experienced executives, Jay Snyder and Katrinka McCallum, to its board of directors. Snyder, with nearly 30 years in technology, currently leads customer strategy at UiPath, while McCallum brings over 20 years of experience, most notably from Red Hat. This expansion aims to bolster Rimini Street's governance and support its goal of achieving $1 billion in annual revenue by 2026. The board will now consist of seven members, enhancing leadership as the company targets growth in enterprise software services.
Rimini Street, Inc. (NASDAQ: RMNI) has announced that Raju Gadiraju, managing director of Rimini Street India Operations, was recognized by Great Place to Work® India as one of the top 25 leaders during the COVID-19 pandemic. This honor reflects his exemplary leadership in navigating challenges and ensuring employee wellbeing. Under his guidance, the Rimini Street India team has continued to excel in service delivery. The organization is also actively hiring, further strengthening its presence in India.
Rimini Street, Inc. (Nasdaq: RMNI) announced that Origin Energy, a major Australian energy provider, has transitioned to Rimini Street Support for its Oracle software suite. This shift aims to significantly lower annual support costs and reduce the burden of vendor upgrades, thus allowing Origin Energy's team to focus on high-value projects. With a vast Oracle footprint, including over 100 database instances, this partnership is expected to enhance innovation while benefiting from Rimini Street’s prompt support services with response times averaging 10 to 15 minutes.
Rimini Street (Nasdaq: RMNI) has expanded its 24/7 support services to include leading open source database platforms such as MySQL, MariaDB, PostgreSQL, and MongoDB. The company, a leader in third-party support for Oracle and SAP, has a team of nearly 400 database engineers and serves over 1,400 clients globally, ensuring a guaranteed 10-minute response time for critical issues. With the rising popularity of open source databases, Rimini Street aims to simplify enterprise database management and enhance system performance, addressing support gaps found in traditional models.
Rimini Street (Nasdaq: RMNI) has won the Grand Prize for Best Customer Support from the Japan Institute of Information Technology. The award highlights the company's innovative support model, leveraging proprietary AI technologies that improve support resolution times by 23% and achieve a client satisfaction score of 4.9 out of 5.0. With a focus on maximizing enterprise software value, Rimini Street enables clients to redirect resources towards digital transformation initiatives. The recognition underscores Rimini Street's commitment to client service and operational excellence in Japan and globally.
Rimini Street, Inc. (Nasdaq: RMNI) announces its continued partnership with T-Mobile, the fastest 5G network provider in the U.S., leveraging Rimini Street Support for SAP software since 2018. T-Mobile has redirected resources to enhance customer service while reducing costs. The SAP platform, integral to T-Mobile's operations, has over 200 modules that drive efficiency. The collaboration highlights Rimini Street's ability to deliver tailored support, addressing T-Mobile’s complex needs while decreasing reliance on traditional vendor support.