Street Wise Newsletter

As independent support continues to gain traction, ERP customers and free market choice are the big winners. The status quo — software vendor-mandated change for the sake of change — is being challenged by forward-looking enterprise software licensees, who today have many more options open to them than simply upgrading existing software on the vendor’s schedule.

Rimini Street continues to advocate for a different kind of change: support as if it was designed by the customer, not as if it was designed by the vendor. This year-end issue of Street Wise brings you a flavor of the real changes happening in the industry.

— David Rowe, CMO

     
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IT Jungle: ERP Upgrades: Love ‘Em or Leave ‘Em

In its second annual survey, Rimini Street helped shed light on Oracle licensees and their ERP roadmap strategies. IT Jungle’s article uses these findings to report on the lack of value Oracle licensees place on ERP software upgrades, and the IT landscape’s shift in spending from stable ERP systems to digitization, business transformation and other customer-facing IT innovations.

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IT World Canada: Survey Shows Oracle Users Shy Away from Cloud Because of High Costs

IT World Canada reports on a recent Rimini Street survey finding that Oracle licensees continue to leverage mature on-premise applications rather than migrate to Cloud/Fusion, and that CIOs are carefully assessing and selectively using cloud technologies to innovate around the edges of their existing software investments.

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Client Spotlight: Japanese Construction Giant Kumagai Gumi Avoids ERP Upgrades, Gains Savings for Strategic Investments

Independent support continues to gain traction in the Asia/Pacific marketplace. Satisfied with the functionality of its SAP R/3 system but challenged by rising annual maintenance costs, Kumagai Gumi turned to Rimini Street for help, and has reinvested savings into strategic initiatives to grow its core business.

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Oracle Independent Support Grows, Fueled by Strong Customer Demand

Rimini Street’s Oracle support product lines continue to grow, accelerated by a 57% increase in billings and fueled by strong demand from Oracle licensees. In particular, JD Edwards, Oracle Database, and Oracle Hyperion products led the way by more than doubling billings, and revenue from Rimini Street Support for Oracle Database tripled.

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Computer Weekly: How to Avoid Being Chained to an Enterprise Software License

A thoughtful Computer Weekly critique of spending on enterprise software licensing concludes that “CIOs will need to ringfence spending with their existing enterprise IT suppliers to liberate capital for other business initiatives.” The discussion includes Rimini Street President Sebastian Grady’s thoughts on the difficulties of funding forward-looking systems-of-engagement “Mode 2” projects while remaining stuck on an endless ERP upgrade treadmill.

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Preliminary Q3 Results

Once again, Rimini Street reported record quarterly revenue and its 39th consecutive quarter of growth. In addition, former CIO Frank Chou was appointed as general manager of Greater China to head up expansion in the region. More highlights from preliminary Q3 results include:

  • Net revenue of $30.8 million, up 38% year over year
  • Deferred revenue of $89.1 million, up 53% year over year
  • Billings of $28.6 million, up 48% year over year
  • Bookings backlog of $1.7 billion, up 19% year over year
  • 1,164 clients signed to date and nearly 640 employees worldwide
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Rimini Street Once Again Named “Hot 100” Company by JMP Securities

For the fourth time, Rimini Street was named a “Hot 100 Best Privately Held Software Company” by JMP Securities, in its annual listing of the leading innovative private companies in the software sector based on financial growth, product innovation, quality of leadership, customer traction, and market potential.

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Rimini Street Adds Support for Oracle Agile PLM Products

Rimini Street expanded its industry-leading independent support services with the launch of Rimini Street Support for Oracle Agile Product Lifecycle Management (PLM) products, and is already successfully providing support services to Oracle Agile licensees, including Bloom Energy.

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