TMCnet News

Rimini Street Posts Revenue Results for Oracle E-Business Suite and Oracle Database Support [Professional Services Close - Up]
[October 02, 2014]

Rimini Street Posts Revenue Results for Oracle E-Business Suite and Oracle Database Support [Professional Services Close - Up]


(Professional Services Close - Up Via Acquire Media NewsEdge) Rimini Street, Inc. reported that combined revenue for its Oracle E-Business Suite (EBS) and Oracle Database and Middleware (Oracle Technology) product lines surged more than three-fold in the trailing 12 months, growing by 248 percent, and the number of signed clients for these services nearly doubled during the same period, to over 180, indicating increased adoption of Rimini Street independent support among global entities and helping to fuel the Company's substantial growth since Oracle OpenWorld 2013.



According to a release from the Company, it has continued to invest in the development of resources, processes and technical capabilities to successfully deliver support globally for its most complex Oracle clients. Recently, Rimini Street announced the formal expansion of its Oracle Technology support offering to include Oracle Middleware products. The Company supports Oracle Database and Middleware products stand-alone, without any required application support pairing.

As a result, the Company has experienced rapid growth and adoption worldwide for Oracle EBS and Oracle Technology. In the past 12 months, Rimini Street has nearly doubled its number of Oracle EBS and Oracle Technology clients, including a wide array of organizations from midmarket to very large, complex Fortune 500 multinationals, including, for example, one client who is operating more than 600 mission-critical Oracle database servers around the world.


"Choosing Rimini Street over Oracle to support our mission- critical EBS platform has enabled us to regain control over our upgrade timetable, provided superior support and liberated significant budget which we've reinvested into growth for the business," said Tom Grooms, CIO, The Valspar Corp. "My only regret is that I didn't move to Rimini Street years earlier." Since Rimini Street launched support nearly 10 years ago, the Company has experienced strong and steady demand for its independent support services among Oracle licensees worldwide, across every product line it supports. In the past 12 months, an increase in demand across Oracle product lines, indicate licensees are seeking and choosing to drive greater value from their annual software support dollars while foregoing ERP upgrades and costly migrations to new platforms, such as Oracle's Fusion Applications.

"The market has spoken and it clearly wants a choice of support providers and program options. Oracle and SAP licensees are increasingly seeking out more value-driven and responsive support that will successfully cover today's multi-vendor, hybrid deployment model," said Seth Ravin, Rimini Street CEO. "As the software industry continues to seek new ways to extract additional fees out of existing licensees, Rimini Street remains focused on helping its clients achieve their IT and business objectives by maximizing the return on their existing software investments and leveraging Rimini Street's award-winning support offerings." Rimini Street is an independent provider of enterprise software support services.

More information and complete details: www.riministreet.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

[ Back To TMCnet.com's Homepage ]