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Rimini Street named to Inc. Magazine's list of fastest-growing private companies for fourth ... [ITWeb]
(ITWeb Via Acquire Media NewsEdge) Rimini Street, the leading independent provider of enterprise software support for SAP AG's (NYSE: SAP) Business Suite (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fservices%2Fsupport-services%2Fsap&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Business+Suite&index=1&md5=7368e58af06399c14e37e23a22d17146) and BusinessObjects (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fservices%2Fsupport-services%2Fbusinessobjects&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=BusinessObjects&index=2&md5=6b9836c38fcf39f23182323882b461a6) software and Oracle's (NYSE: ORCL) Siebel (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fsiebel.htm&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Siebel&index=3&md5=f315d04e81d11e08983a0fccb2cfafc6), PeopleSoft (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fpeoplesoft.htm&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=PeopleSoft&index=4&md5=c3fa40bf9f891115ccfbeed092c9b06b), JD Edwards (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fjdedwards.htm&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=JD+Edwards&index=5&md5=6da5537ce5da4e3002ccc06dccd5404a), E-Business Suite (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Febs.php&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=E-Business+Suite&index=6&md5=4d4b5656697c1475681303b0e0cb45a2), Oracle Database (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Foracledb.php&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Oracle+Database&index=7&md5=b7965d938ed5307993f0b366ca5ebfae), Oracle Middleware (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fservices%2Fproducts-and-releases-supported%2Foracle-fusion-middleware&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Oracle+Middleware&index=8&md5=973c15c6f2f294e01514a7a3c70e1a82), Hyperion (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fhyperion.php&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Hyperion&index=9&md5=a2b00136ac30b360eba517a7cc524fd2) and Oracle Retail (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fservices%2Fsupport-services%2Foracle-retail&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Oracle+Retail&index=10&md5=8b907ce9a92881f6c0bbd7fc83589cfb) software, today announced that it was named to Inc. magazine's 2014 500|5000 list. This is the fourth consecutive year that Rimini Street has been named in the Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies, unveiled in the September 2014 issue of Inc.
Companies are ranked according to percentage revenue growth from 2010 to 2013. Rimini Street experienced 141% growth from 2010 to 2013, making it one of the fastest-growing companies in the US, and the only independent software support provider to make the list.
Growth fuelled by Oracle and SAP licensees seeking a better annual support value
Rimini Street has already signed more than 850 global clients, including 91 Fortune 500 and 16 Fortune Global 100 clients, and currently supports client operations in more than 70 countries.
"Rimini Street is proud to be recognised again as a 'fastest-growing private company,'" said Seth Ravin (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.riministreet.com%2Fcompany%2Fcorporate-governance%2Fsenior-management-team%2Fseth-ravin&esheet=50938438&newsitemid=20140909005309&lan=en-US&anchor=Seth+Ravin&index=11&md5=58ec30c01757a83b3c18f2a7df566580), Rimini Street CEO. "This is yet additional validation that companies around the world continue to benefit from Rimini Street's more relevant and innovative independent support model that provides a premium support service at up to 90% savings in total support costs."
Methodology
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by 31 March, 2010. They had to be US-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of 31 December, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100 000; the minimum for 2013 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000 (http://www.inc.com/5000).
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