LAS VEGAS--(BUSINESS WIRE)--Jul 18, 2023--
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that University of Auckland, New Zealand’s largest higher-learning institute, has expanded its use of Rimini Street’s portfolio of services to include Rimini Support™ for Oracle software, Rimini Manage™ and Rimini Protect™, joining the more than 100 clients already leveraging Rimini ONE™, the end-to-end, unified and integrated solution for enterprise applications, databases and technology software. This strategic decision has allowed the university to dedicate its IT team’s focus towards its upcoming ERP migration, a transformational project expected to take 10 years for completion across multiple phases, and greatly enhance the end user experience and capabilities for its growing number of students and staff.
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Rimini ONE™ enables University of Auckland to focus its IT workforce and budget toward planned migration to a next generation composable ERP platform designed to expand learning program capabilities. (Photo: Business Wire)
Rimini ONE Enables a Smart Path Forward
While University of Auckland’s core Oracle application was being expertly supported by Rimini Street, the complexity the university encountered of managing competing applications with a very limited number of IT staff, coupled with a shrinking pool of skilled engineers familiar with their current ERP investments, became the catalyst for the decision to review its technology roadmap strategy. Based on a cost and resource needs analysis, the university decided against upgrading its Oracle applications as the ROI was insufficient. Instead, the university elected to migrate to a next-generation, composable ERP platform.
As a trusted support provider with intimate knowledge of their technology landscape and years of proven success, Rimini Street was the university’s first choice when selecting a managed service provider to take on the day-to-day operation of its HR system – allowing the university to reallocate their IT team’s time and focus to the ERP migration project.
“The value of Rimini ONE isn’t just about enabling the move to a new system, but to build out a roadmap that is proactive and designed to last,” said Jo Batchelor, head of product engineering at University of Auckland. “It’s really empowering to have Rimini Street as a true and trusted partner, giving us greater confidence and capabilities as we go through this complex ERP migration journey.”
Rimini Protect Helps Safeguard Critical Data and the University’s Reputation
Based on Rimini Street’s analysis and Smart Path™ recommendations, the university performed an internal audit of its ERP platforms, learning the scope and amount of data in their HR and finance systems that they would need to protect.
“There is a huge amount of data in our HR, finance and campus solutions that we need to make sure is absolutely safe and secure. The extra layer of security that Rimini Protect provides us is a solution we cannot afford to be without,” said Batchelor.
“Rimini Street is proud to continue partnering with and delivering excellence for the University of Auckland, allowing them to positively impact the community by offering more robust learning programs that greatly benefit the next generation of professionals and members of society at affordable costs,” said Daniel Benad, global vice president and general manager of ANZ and Oceania, Rimini Street.
Explore the full Rimini Street portfolio of ultra-responsive, trusted and proven support, managed services, security, integration, observability, professional services and Rimini ONE™ outsourcing solutions for SAP, Oracle and Salesforce applications to support competitive advantage, profitability and growth.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,100 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted enterprise software solutions provider. To learn more, please visit http://www.riministreet.com, and connect with Rimini Street on Twitter, Facebook and LinkedIn. (IR-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, adverse developments in and costs associated with defending pending litigation or any new litigation; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability and manage our cost of revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle, and risks relating to retention rates; the loss of one or more members of our management team; our ability to attract and retain qualified employees and key personnel; challenges of managing growth profitably; 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; the impact of environmental, social and governance (ESG) matters; actions in response to any lingering impacts of the COVID-19 pandemic and its economic, operational and financial impacts on our business; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 3, 2023, 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.
© 2023 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/20230718523701/en/
CONTACT: Janet Ravin
VP, Global Communications
Rimini Street, Inc.
702-285-3532
pr@riministreet.com
KEYWORD: NEVADA AUSTRALIA/OCEANIA NEW ZEALAND UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY SECURITY SOFTWARE NETWORKS INTERNET HARDWARE UNIVERSITY DATA MANAGEMENT EDUCATION
SOURCE: Rimini Street, Inc.
Copyright Business Wire 2023.
PUB: 07/18/2023 09:00 AM/DISC: 07/18/2023 08:58 AM
http://www.businesswire.com/news/home/20230718523701/en
