Street Wise Newsletter

In Q2 2015, our clients continued to win awards for the positive change they’ve brought to their organizations through the cost savings and superior support we deliver. Rimini Street also recently surpassed the 1,000-client milestone and unveiled new security, risk avoidance and strategy roadmap services to deliver even more value.

Meanwhile, SAP customers are taking note of the results of a major survey revealing that the vast majority are not committed to SAP's "bet-the-company" S/4HANA initiative.

More client success and new value-add services - business as usual at Rimini Street!

— David Rowe, CMO

 

TT Electronics and Incitec Pivot CIOs Recognized for IT Achievements

Time and again, Rimini Street clients have been recognized with awards for driving positive change and innovation within their companies with the help of independent support. This year, TT Electronics CIO Ed Heffernan and team, and Incitec Pivot CIO Martin Janssen were lauded by the IT industry for their innovative use of technology to create real value for their businesses.

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Client Spotlight: Propex Comes Back to Rimini Street for SAP Support

ERP customers are exercising their right to select the maintenance provider of their choice, often in creative ways. Propex Operating Company moved from SAP support to Rimini Street Support in 2010, then returned to SAP support in 2013 to support a planned strategic SAP global rollout. Propex has now come back to Rimini Street for support of the company’s SAP ECC 6.0 instances in the U.S. and Germany.

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Client Spotlight: Company Gets More Bang for the Buck with Rimini Street

CIOs continue to seek high-value options to cut pricey ERP maintenance costs and drive funding of innovative solutions for the business. Incitec Pivot CIO Martin Janssen was recently profiled in IT News for doing just that for the leading explosives and fertilizer producer in Australia.

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Rimini Street Launches Next-Generation Support Program

The Company recently announced a major expansion of its existing support program with the addition of Security Support Services, Risk Avoidance Services and Innovation & Roadmap Services. This landmark announcement demonstrates Rimini Street’s continued aggressive investment in the development and delivery of the only complete suite of support services available today that ensures clients’ core enterprise software releases remain protected for at least 15 years with no required upgrades.

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Global Survey Reveals 85 Percent of SAP Customers Not Committed to New S/4HANA

Rimini Street recently conducted a global survey of 233 SAP Business Suite applications customers representing a variety of industries, company sizes and regions to better understand the implications of choices regarding S/4HANA and how they affect application strategies for 2015 and beyond. Among the results: the vast majority(85%) of SAP customers say they are not committed to S/4HANA, citing lack of a strong business case, unclear ROI, and the fact that S/4HANA is an early-stage product on an unproven platform.

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Analyst Perspective: Rimini Street Leading the Third-Party Support Market

Frustrated by lackluster support and the vendor tax that is annual maintenance fees, customers are flocking to Rimini Street not just for cost relief but also for more responsive and differentiated support. Nucleus Research finds that savings and benefits beyond simple maintenance cost savings are driving the move toward independent support provider Rimini Street.

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Q1 Financial Results - Rimini Street Blows Past 1,000 Client Milestone

For the first quarter of 2015, Rimini Street reported record highs in net revenues of $25.9M, up 40% year- over-year and deferred revenues of $86.8M, up 43% year-over-year. To date, the Company has signed more than 1,000 clients, with 66 new transactions signed in the fiscal first quarter.

  • Net revenues for the first fiscal quarter of 2015 increased 40% year-over-year to $25.9 million.
  • Deferred revenues as of March 31, 2015 increased 43% year-over-year to $86.8 million.
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