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. (RMNI) provides enterprise software support services for Oracle, SAP, and other major platforms through its innovative subscription model. This news hub offers investors and IT professionals a centralized source for official announcements, financial updates, and strategic developments from the industry-leading support provider.
Track earnings releases, partnership announcements, service expansions, and operational milestones that demonstrate RMNI's position as a cost-effective alternative to traditional vendor support. Our curated collection enables efficient monitoring of the company's global growth and evolving service offerings in enterprise application management.
Discover updates on product enhancements, client success stories, and industry recognition that highlight Rimini Street's commitment to optimizing IT operations. The archive includes critical information for assessing the company's market trajectory while maintaining awareness of key developments in third-party software support solutions.
Bookmark this page for ongoing access to verified RMNI communications, including regulatory filings and leadership updates. Combine strategic insights with operational data through our comprehensive news aggregation tailored for enterprise software stakeholders.
Rimini Street (Nasdaq: RMNI), a provider of enterprise software support, announced that Malaysia's Sunway Group has chosen Rimini ONE™ for improved software support and cost optimization. Sunway aims to reallocate resources saved through Rimini Street's services towards AI and customer experience (CX) projects.
Sunway's CIO, Kevin Khoo, emphasized the cost savings and system support benefits from Rimini Street. Initially using JD Edwards for ERP across 13 businesses, Sunway faced high costs and downtime with software upgrades. Rimini Street offers expert support, including for customizations, at no extra charge and guarantees 15 additional years of stable ERP investment.
Since the partnership, Sunway has saved 50% on annual support fees and up to 90% on total support costs, allowing reinvestment into strategic tech projects, including AI. Rimini Street's dedicated support has enabled Sunway to focus on innovation and digital transformation.
Rimini Street (Nasdaq: RMNI) has announced the global launch of comprehensive support, security, and consulting services for VMware products. This offering includes Rimini Support™, Rimini Protect™, and Rimini Consult™ services. The new services are aimed at perpetually-licensed VMware users facing significant annual fee increases by VMware. Rimini Street's support guarantees a 10-minute response for critical issues and includes a primary support engineer with an average of 15 years of experience. Clients can also benefit from proactive security measures and expert consulting to optimize their current infrastructure.
Pacific Healthcare Group has selected Rimini Street for support of its on-premises Oracle environment, enabling the company to avoid costly cloud migrations and focus on strategic growth and digital innovation. Headquartered in Bangkok, Thailand, Pacific Healthcare Group supports over 50 brands in 20 countries, connecting with 600 million patients globally. By choosing Rimini Street, the company gains dedicated support, quick issue resolution, and an additional 15 years of product support, thus ensuring operational stability and freeing up resources for other projects.
Rimini Street, Inc. (Nasdaq: RMNI) has been awarded four 2024 Top Rated Awards by TrustRadius in categories like Implementation Services, Consulting and Advisory Services, IT Professional Services, and Managed IT Services. Rimini Street's exceptional customer reviews were the basis for winning these awards, showcasing their dedication to customer satisfaction.
Rimini Street, Inc. (Nasdaq: RMNI) announced its fiscal first quarter 2024 financial results, reporting a revenue increase, growth in Annualized Recurring Revenue, and Active Clients. However, the company saw a decrease in gross margin, operating income, net income, and Non-GAAP operating income. Rimini Street also refinanced its Original Credit Facility and made executive appointments. The Company did not provide guidance due to ongoing litigation with Oracle.
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