Leading food manufacturer in Mexico optimizes costs and maximizes the lifespan and value of their mission-critical SAP system
LAS VEGAS-Tuesday 5 May 2020 [ AETOS Wire ]
(BUSINESS WIRE)-- Rimini Street, Inc.
(Nasdaq: RMNI), a global provider of enterprise software products and
services, the leading third-party support provider for Oracle and SAP
software products and a Salesforce partner, today announced that
Productos Chata, a leading regional food manufacturer based in Culiacán,
Sinaloa, Mexico, has switched from SAP to Rimini Street for support of
its SAP ECC 6.0 system. By switching to Rimini Street Support, Productos
Chata will receive the Company’s ultra-responsive, award-winning
support, and realize significant savings on its annual SAP maintenance
and support. With the savings achieved by switching to Rimini Street
Support, Chata will invest in global export growth and new strategic
business initiatives.
New IT Strategy Drives Decision to Reduce Vendor Reliance
Productos
Chata has been operating for more than 50 years, producing and
distributing its food products to thousands of corporate clients in
Mexico, in addition to receiving wholesale orders daily. The company
implemented its SAP system in 2006 to manage its global supply chain, HR
and finance processes. To support the company’s business initiatives,
Productos Chata was tasked with establishing a new IT strategy to
maximize value across their entire IT landscape. With this new mandate,
the company began exploring options to help optimize their IT
infrastructure and software spend, identifying a huge savings
opportunity in their SAP annual support.
“Technology
directors and IT leaders in Mexico are tasked with supporting their
organization’s growth strategies, improving efficiency and developing
and implementing digital transformation strategies, all while reducing
their overall IT costs,” said Eddy Verdugo, systems director, Productos
Chata.
“We
are pleased to welcome Productos Chata to our growing family of Mexican
clients at Rimini Street, and we look forward to working together in
the coming years as their trusted partner to support their
mission-critical software,” said Edenize Maron,
general manager, Latin America, Rimini Street. “Productos Chata
selected Rimini Street to help accomplish its strategic IT objectives by
reducing their SAP support and maintenance costs and helping them to
avoid an expensive, disruptive and unnecessary move now to S/4HANA. Now
Productos Chata can reinvest the savings into innovative manufacturing
technology and other initiatives that create a competitive advantage to
support their global growth.”
About Rimini Street, Inc.
Rimini
Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software
products and services, the leading third-party support provider for
Oracle and SAP software products and a Salesforce partner. The Company
offers premium, ultra-responsive and integrated application management
and support services that enable enterprise software licensees to save
significant costs, free up resources for innovation and achieve better
business outcomes. More than 2,000 global Fortune 500, midmarket, public
sector and other organizations from a broad range of industries rely on
Rimini Street as their trusted application enterprise software products
and services provider. To learn more, please visit http://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)
Forward-Looking Statements
Certain
statements included in this communication are not historical facts but
are forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such as
“may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,”
“estimate,” “predict,” “potential,” “seem,” “seek,” “continue,”
“future,” “will,” “expect,” “outlook” or other similar words, phrases or
expressions. These forward-looking statements include, but are not
limited to, statements regarding our expectations of future events,
future opportunities, global expansion and other growth initiatives and
our investments in such initiatives. These statements are based on
various assumptions and on the current expectations of management and
are not predictions of actual performance, nor are these statements of
historical facts. These statements are subject to a number of risks and
uncertainties regarding Rimini Street’s business, and actual results may
differ materially. These risks and uncertainties include, but are not
limited to, catastrophic events that disrupt our business, changes in
the business environment in which Rimini Street operates, including
inflation and interest rates, and general financial, economic,
regulatory and political conditions affecting the industry in which
Rimini Street operates; adverse developments in pending litigation or in
the government inquiry or any new litigation; our need and ability to
raise additional equity or debt financing on favorable terms and our
ability to generate cash flows from operations to help fund increased
investment in our growth initiatives; the sufficiency of our cash and
cash equivalents to meet our liquidity requirements; the terms and
impact of our outstanding 13.00% Series A Preferred Stock; changes in
taxes, laws and regulations; competitive product and pricing activity;
difficulties of managing growth profitably; the customer adoption of our
recently introduced products and services, including our Application
Management Services (AMS), Rimini Street Advanced Database Security, and
services for Salesforce Sales Cloud and Service Cloud products, in
addition to other products and services we expect to introduce in the
near future; the loss of one or more members of Rimini Street’s
management team; uncertainty as to the long-term value of Rimini
Street’s equity securities; and those discussed under the heading “Risk
Factors” in Rimini Street’s Annual Report on Form 10-K filed on March
16, 2020, and as updated from time to time by Rimini Street’s future
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K, and other filings by Rimini Street with the
Securities and Exchange Commission. In addition, forward-looking
statements provide Rimini Street’s expectations, plans or forecasts of
future events and views as of the date of this communication. Rimini
Street anticipates that subsequent events and developments will cause
Rimini Street’s assessments to change. However, while Rimini Street may
elect to update these forward-looking statements at some point in the
future, Rimini Street specifically disclaims any obligation to do so,
except as required by law. These forward-looking statements should not
be relied upon as representing Rimini Street’s assessments as of any
date subsequent to the date of this communication.
©
2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a
registered trademark of Rimini Street, Inc. in the United States and
other countries, and Rimini Street, the Rimini Street logo, and
combinations thereof, and other marks marked by TM are trademarks of
Rimini Street, Inc. All other trademarks remain the property of their
respective owners, and unless otherwise specified, Rimini Street claims
no affiliation, endorsement, or association with any such trademark
holder or other companies referenced herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005231/en/
Contacts
Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
mmcglocklin@riministreet.com
