Business in IndiaRimini Street, Inc., a global provider of enterprise software and services products and third-party support provider for Oracle and SAP software products, today announced that it has expanded its operations in the Asia-Pacific region. The launch of its new subsidiary, Rimini Street New Zealand Ltd., and the opening of its new office in Oakland to meet the growing demand of Rimini Street, a premium of ultra-support response in New Zealand. "The expansion of Rimini Street was announced at a gala event held at the Northern Oakland Club , Hosted the general managers of Rimini Street, its clients, local IT leaders and special guest of honor, Ambassador Scott F. Brown, US Ambassador to New Zealand. For the Asia-Pacific, Andrew Powell, and Romini Street senior corporate.
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Rimini Street Launches New Zealand Office, Leases Employees, Opens New Office in Auckland (Photo: Business Wire)
Increased demand for information technology (IT) optimization and business optimization (IT)
Rimini Street has launched its new subsidiary in response to the region's growing desire for software support solutions that can help optimize their IT spending and enable them to release significant funding for their business transformation initiatives. Rimini Street already supports nearly 50 customers with operations in New Zealand, including local brands James Pascoe, Spark, Mobile 2Degrees, New Zealand Refinery and the University of Auckland.
By moving to Rimini Street support from vendor support, these organizations have maintained up to 90 percent of the total cost of maintaining their SAP and Oracle software assets and are able to run their current versions of ERP without forced upgrades for a minimum of 15 years from the day the support is transferred . Rimini Street customers also benefit from the enterprise-class flexible enterprise support model, including industry-leading SLA for 15-minute response times for critical cases 1. Each customer is also assigned a PSE with an average of 15 years Experience in their special organizational software system, backed by a wider team of technical experts. By replacing their support on Rimini Street, organizations can regain control of their IT roadmap through a Business Roadmap strategy that provides greater flexibility and value than the vendor's roadmap, enabling IT managers to focus on creating value and providing a competitive edge for growth .
"Enterprises in New Zealand, both public and private, spend hundreds of millions of dollars each year on the support and maintenance of their annual corporate software, but still see a small return on this significant spending," said Andrew Powell, CEO of Asia Pacific and Rimini Street. With CIOs focusing directly on how we can help them dramatically reduce the total cost of ownership of their stable and mature organizational systems as part of a hybrid computing model and business roadmap, and as a result we are experiencing demand in the region. Of the supposed upgrade cycle dictated by the road map With our new operation in Oakland, we can better communicate with support organizations in New Zealand who want to significantly cut their support for support software and take back control of their IT roadmap. "
Region at risk of "falling behind" on innovation
A recent study by Monson Bourne, commissioned by Rimini Street, found that organizations in the ANZ region plan to spend at least the second amount on IT innovation in the world over the next 12 months and plan to increase their IT innovation expenditure by 6.31% -12 months post-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," Powell continued. "New Zealand's IT managers know that it's important to invest more in their IT budgets than day-to-day activities." With budgetary pressures between operating costs and the need to invest in innovation, IT managers need to reevaluate the value of existing support arrangements and explore better software support options To provide higher ROI Rimini Street allows administrators in New Zealand to open up significant savings and channel this funding to critical new initiatives. "
To download an e-book summary of the survey, "State of Innovation: Priorities and Challenges", click here.
On Rimini Street, Inc.
Rimini Street, Inc. (NYSE: RMNI) is a global provider of enterprise software and services products, and a leading third-party support provider for Oracle and SAP software products. The company has redefined enterprise enterprise support services since 2005 with an innovative award-winning program that allows license holders of IBM, Microsoft, Oracle, Salesforce, SAP and other enterprise software vendors to save up to 90% on total maintenance costs. Customers can stay on their current software version without any upgrades required for at least 15 years. Over 1,700 Fortune 500 in the world, midmarket, public sector and other organizations from a wide range of industries today rely on Rimini Street as their trusted supplier and third party support. To learn more, visit http://www.cialistreet.com/, follow @ On Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)
Certain statements included in this communication are not historical facts, but are forward-looking statements for the purpose of the provisions of the Safeguard Regulations under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually accompanied by words such as "May," " Forward, forward, forward, forward, forward, forward, forward, forward, forward or forward. Future events, future opportunities, global expansion and other growth initiatives, and our investments in these initiatives are based on different assumptions and current expectations And the actual results may be materially different.These risks and uncertainties include, but are not limited to, inclusion in the Russell 2000 Index, Future changes in the business environment in which Rimini Street operates, including inflation and interest and general economic, economic, regulatory and political conditions affecting Rimini Street's industry, negative developments in pending litigation or government investigation or any new litigation; The final amount and timing of all refunds from Oracle related to our litigation; Our need and ability to raise additional capital or debt financing on favorable terms; The terms and effect of the 13.00% series of preferred shares; Changes in taxes, laws and regulations; Competitive product and pricing activity; Difficulties in managing growth in profitability; The success of new products and services, including Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Cloud Cloud and Cloud Service products; Loss of one or more members of the management of Rimini Street; Uncertainty about the long-term value of Rimini Street securities; And those discussed under the heading "Risk Factors" in the quarterly report of Rimini Street on November 10, 2008, the disclosure of which corrects the disclosures under the heading "Risk Factors" in the annual report of Rimini Street on Form 10-K filed on March 15, 2018, Time by quarterly and future reports of Rimini Street on Form 10-Q, current reports on Form 8-K, and other reports by Rimini Street with the Securities Authority. In addition, forward-looking statements satisfy expectations, plans or forecasts of Rimini Street events and future events as of the date of this notice. Rimini Street predicts that the following events and developments will cause a change in Rimini Street estimates. However, while Rimini Street may choose to update these forward-looking statements at some point in the future, Rimini Street expressly disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representative of Rimini Street's estimates as of the date of publication of this notice.
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