Street Wise Newsletter

It’s been a year of successes and record-setting growth for Rimini Street. More importantly, it’s also been a year of success for our clients, who are taking advantage of Rimini Street’s award-winning support to refocus budget dollars from ongoing maintenance to mission-critical business initiatives. This issue of Street Wise features inspiring stories of success from two of our clients, American Cancer Society and Valspar Corporation. We also recap the results of an extensive survey in which Oracle customers shared their plans and concerns about their strategic application roadmap for 2015 and beyond. I wish you the very best as you close out a strong 2014 and prepare for an even better 2015!

— David Rowe, SVP & CMO

 

Rimini Street Helps American Cancer Society Focus on Its Core Mission: Saving Lives

In addition to break/fix support and support for ACS's customizations to its Siebel system, Rimini Street provides guidance for all layers of the technology stack, and is providing a strategic technology roadmap to help make ACS's "Constituent Management System" accessible by mobile devices used by thousands of ACS field workers and volunteers. Says ACS CIO Jay Ferro: "Most importantly, when we save dollars on something like this, we know those dollars are going back to support our life-saving mission."

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Valspar Corporation CIO Tom Grooms Wins CIO of the Year

Our clients continue to be recognized for driving growth and innovation within their organizations with the help of Rimini Street. Recently, Valspar CIO Tom Grooms was named CIO of the Year for helping to accelerate the company’s growth and competitive edge in the industry by redirecting savings from switching support for its Oracle EBS 11.5.10 release from Oracle to Rimini Street. According to Grooms, “By partnering with Rimini Street, Valspar was able to reallocate a portion of its total global IT budget to growth initiatives with the stroke of a pen.”

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Global Survey Results Reveal Customer Concerns with Oracle’s Applications Strategy and Support Services Model

In late 2014, Rimini Street surveyed 139 Oracle application customers in a systematic effort to determine their views on a range of strategic issues. Key findings: only 5% of Oracle customers surveyed currently plan to use Fusion applications; only 35% are currently planning an upgrade; and more than 70% are dissatisfied with the cost of Oracle annual support and maintenance.

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Future-Proofing ERP, HCM and CRM Applications with Hybrid Cloud Adoption

The funds clients save with Rimini Street support can give them the budgetary boost to add innovative cloud and mobile apps and services to their organizations. This white paper explains how Rimini Street is the hybrid IT innovation enabler.

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Q3 Financial Results

In the third-quarter, Rimini Street once again reported record numbers in net revenues of $22.4M, up 42% year over year, and third-quarter deferred revenues of $58.1M. The Company has signed nearly 900 clients to date, including more than 100 Fortune 500 and Fortune Global 100 clients.

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