Company awarded Sustainability Certificate from Switch Data Center
LAS VEGAS-Wednesday 7 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 it has achieved its sustainability goal of
using 100 percent renewable energy at its data facility operating
within Switch’s Data Centers (NYSE:
SWCH). Because Switch is powered by 100 percent clean energy, Rimini
Street operations at Switch’s Data Centers result in zero greenhouse gas
emissions. To mark the achievement, Switch issued its proprietary
Sustainability Certificate to Rimini Street. The Company moved its
primary data to Switch’s Core Campus in Las Vegas, Nevada in 2015.
This
sustainability certificate recognizes that Switch retired over 280
geothermal and solar renewable energy credits between 2016 and 2017 on
behalf of Rimini Street, making the company’s energy consumption 100%
green at Switch’s data center facility. These renewable energy credits
comply with Greenpeace’s principles of locality, additionality, and
sustainability, and were generated by Nevada solar farms and geothermal
power plants. A Renewable Energy Credit (REC) is proof that 1
megawatt-hour (MWh) of electricity was generated from an eligible
renewable energy resource and delivered to the energy grid. Each REC is
independently tracked and verified. A REC represents the environmental
attributes of the power produce from eligible renewable projects and may
be sold separately from the electricity produced from the source.
“Migrating
our data centers to Switch has enabled Rimini Street to reduce our
carbon footprint and overall environmental impact,” said Steven Salaets,
senior vice president, Global Security & Compliance, and CIO at
Rimini Street. “We are honored to accept the Switch Sustainability
Certificate for 100 percent renewable energy, which reinforces our
commitment to conducting business responsibly. Rimini Street moved its
primary data to the Switch Data Center to assure our mission-critical
data is housed in one of the most secure, protected facilities in the
world.”
“Helping
environmentally conscious companies like Rimini Street achieve their own
sustainability goals of 100 percent renewable energy usage by being in
Switch’s 100 percent green energy powered data centers is a core value
of our company,” said Switch executive vice president of Strategy, Adam
Kramer. “Switch’s advanced power and cooling technologies, remarkable
power usage effectiveness ratings, and high-density rack configurations
allow customers such as Rimini Street to fit their IT equipment into a
smaller footprint while dramatically reducing their energy consumption.”
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
1,620 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 https://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 as to future events,
future opportunities and growth 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 litigation developments or in the
government inquiry; the final amount and timing of any refunds from
Oracle related to our litigation; our 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, including its common stock
and its Preferred Stock; and those discussed under the heading “Risk
Factors” in Rimini Street’s Quarterly Report on 10-Q filed on August 9,
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.
This document
was created by Rimini Street, Inc. (“Rimini Street”) and is not
sponsored by, endorsed by, or affiliated with Oracle Corporation, SAP SE
or any other party. Except as otherwise expressly provided in writing,
Rimini Street assumes no liability whatsoever and disclaims any express,
implied or statutory warranty relating to the information presented,
including, without limitation, any implied warranty of merchantability
or fitness for a particular purpose. Rimini Street shall not be liable
for any direct, indirect, consequential, punitive, special, or
incidental damages arising out of the use or inability to use the
information. Rimini Street makes no representations or warranties with
respect to the accuracy or completeness of the information provided by
third parties, and reserves the right to make changes to the
information, services or products, at any time.
Contacts
Rimini Street, Inc.
Michelle McGlocklin, +1 925-523-8414
mmcglocklin@riministreet.com
