Company launches subsidiary in New Zealand, hires staff and opens new office in Auckland
LAS VEGAS-Sunday 18 November 2018 [ AETOS Wire ]
(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq:
RMNI), a global provider of enterprise software products and services,
and the leading third-party support provider for Oracle and SAP software
products, today announced that it has expanded its operations in the
Asia-Pacific region with the launch of its new subsidiary, Rimini Street
New Zealand Limited, and the opening of its new office in Auckland to
address the growing demand for Rimini Street’s premium, ultra-responsive
support services in New Zealand. Rimini Street’s expansion was
announced at a gala event held at The Northern Club in Auckland, where
clients, local IT leaders and the special guest of honor, Ambassador
Scott P. Brown, the U.S. Ambassador to New Zealand, were hosted by
Rimini Street’s general manager for Asia-Pacific, Andrew Powell, and
Rimini Street corporate senior executives.
Growing demand for IT optimization and a business-driven IT roadmap
Rimini
Street launched its new subsidiary in response to the region’s
increasing desire for software support solutions that can help optimize
their IT spend and enable them to liberate significant funding for their
business transformation initiatives. Rimini Street already supports
nearly 50 clients with operations in New Zealand, including local brands
James Pascoe, Spark, 2Degrees Mobile, Refining New Zealand and The
University of Auckland.
By
switching to Rimini Street support from the vendor’s support, these
organizations have saved up to 90 percent of the total cost of
maintenance of their SAP and Oracle software assets, and are able to run
their current ERP releases with no forced upgrades for a minimum of 15
years from the date they switched support. Rimini Street clients also
benefit from the Company’s flexible, premium-level enterprise software
support model, including its industry-leading Service Level Agreement
(SLA) of 15-minute response times for critical Priority 1 cases. In
addition, each client is assigned a Primary Support Engineer (PSE) with
an average of 15 years’ experience in their particular enterprise
software system, backed by a broader team of technical experts. By
switching their support to Rimini Street, organizations are able to take
back control of their IT roadmaps with a ”business-driven roadmap”
strategy that provides much more flexibility and value compared to the
vendor roadmap, allowing CIOs to focus on creating value and providing
competitive advantage for growth.
“Organizations
in New Zealand, both public and private, spend hundreds of millions of
dollars every year on their annual enterprise software support and
maintenance, yet see little return from this significant spend,” said Andrew Powell, general
manager, Asia-Pacific, Rimini Street. “Our conversations with CIOs are
squarely focused on how we can help them dramatically lower the total
cost of ownership of their stable, mature enterprise systems as part of a
hybrid computing model and business-driven roadmap, and as a result, we
are experiencing increased demand in the region. With Rimini Street,
organizations have the option to break free from the seemingly
never-ending upgrade cycle dictated by the vendor’s roadmap – an
expensive and disruptive path for companies to undertake just to stay
fully supported. With our new operation in Auckland, we are better able
to engage with and support organizations in New Zealand who want to
significantly cut their software support spend and take back control of
their IT roadmaps.”
Region at risk of “falling behind” on innovation
Recent
research from Vanson Bourne, commissioned by Rimini Street, found that
enterprises in the ANZ region plan to spend the second-least amount on
IT innovation in the world in the next 12 months, and they plan to
increase their IT innovation spend by just 6.31% in the 12 months
following the survey, well below the global average of 10.94%.
“New
Zealand is famous for innovation, but it is at risk of falling behind
the rest of the world,” continued Powell. “New Zealand CIOs know that
it’s important to spend their IT budgets on more than daily operations.
With budget pressures between operating costs and the need to invest in
innovation, CIOs need to reassess the value of existing support
arrangements and explore better software support options designed to
provide a greater ROI. Rimini Street enables CIOs in New Zealand to
unlock significant savings and redirect that funding into critical
innovation initiatives.”
To download an eBook summary of the survey, “The State of Innovation: Priorities and Challenges,” click here.
About Rimini Street, Inc.
Rimini
Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software
products and services, and the leading third-party support provider for
Oracle and SAP software products. The Company has redefined enterprise
software support services since 2005 with an innovative, award-winning
program that enables licensees of IBM, Microsoft, Oracle, Salesforce,
SAP and other enterprise software vendors to save up to 90 percent on
total maintenance costs. Clients can remain on their current software
release without any required upgrades for a minimum of 15 years. Over
1,700 global Fortune 500, midmarket, public sector and other
organizations from a broad range of industries currently rely on Rimini
Street as their trusted, third-party support 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, continued inclusion in the Russell 2000 Index in the future;
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; the final amount and
timing of any refunds from Oracle related to our litigation; our need
and ability to raise additional equity or debt financing on favorable
terms; the terms and impact of our 13.00% Series A Preferred Stock;
changes in taxes, laws and regulations; competitive product and pricing
activity; difficulties of managing growth profitably; the success of our
recently introduced products and services, including Rimini Street
Mobility, Rimini Street Analytics, Rimini Street Advanced Database
Security, and services for Salesforce Sales Cloud and Service Cloud
products; 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 Quarterly Report on 10-Q filed on November 8, 2018,
which disclosures amend and restate the disclosures appearing under the
heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K
filed on March 15, 2018, and as updated from time to time by Rimini
Street’s future 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.
©
2018 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.
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Contacts
Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
mmcglocklin@riministreet.com
