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 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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