Rimini Street Partners With The Valspar Corporation to Enhance Global IT
Budget Efficiency and Effectiveness in Support of Company’s Top Corporate
Company Able to Reallocate Portion of Total Global IT Budget with Stroke of a
LAS VEGAS -- September 3, 2013
Rimini Street, Inc., the leading third-party maintenance and support provider
for enterprise software, including SAP AG’s (NYSE: SAP) Business Suite and
BusinessObjects software and Oracle Corporation’s (NYSE: ORCL) Siebel,
PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion
software, today announced that it has been select by The Valspar Corporation
(NYSE: VAL) to support the company’s Oracle E-Business Suite 11.5.10. Choosing
Rimini Street Support will enable Valspar to help generate significant savings
from its annual support costs and reallocate a portion of its total global IT
budget to focus on strategic growth initiatives. Like Valspar, many companies
with operations around the world have turned to Rimini Street to gain control
over their ERP software roadmap and significantly reduce total support costs,
enabling them to fund innovative projects that drive competitive edge, while
gaining improved, ultra-premium service features, including support for
customizations at no additional cost.
“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,”
said Tom Grooms, vice president and chief information officer of Valspar.
“Rimini Street’s total value proposition, the breadth and depth of all the
expertise it brings and the willingness to help us be successful,
significantly enhances our strategic capabilities as an IT function. Rimini
Street’s value is not incremental – it has a multiplier effect on our
Valspar Avoids Expensive Upgrade to Oracle E-Business Suite R12, Maximizes
Existing R11 Release to Support International Growth Strategy
Based in Minneapolis, Minn. with employees in more than 25 countries, Valspar
is among the leading international manufacturers of paints and coatings in the
world. For more than 200 years, the Fortune-ranked company has made its mark
by creating high-quality functional and decorative coatings for well-known
brands in a variety of industries. In recent years, the company has
experienced rapid growth, making strategic acquisitions and expanding
internationally to build on its global brand.
“Valspar’s current business objective is not to upgrade, but rather to
continue implementing EBS 11i as we continue to grow our business globally,”
added Grooms. “We find that we can manage our upgrade cycles more efficiently
through the flexibility offered by Rimini Street. This gives us a big
advantage in how we deploy our resources and prioritize our upgrades.”
Rimini Street Partnership Helps IT Department Drive Major Corporate Initiative
Valspar switched to Rimini Street from Oracle support in 2012, enabling the
company to significantly cut its annual support costs. As the company pursued
its dynamic global growth strategy, its relationship with Rimini Street
expanded beyond break/fix software support into a valued partnership, which
included strategic guidance and deeper business conversations. At the support
level, Rimini Street also helped drive significant reductions in related
support and maintenance costs by providing support for customizations,
interoperability, performance and interfaces at no additional fee.
Additionally, Rimini Street provides clients with a 24X7X365 premium-level
service model with an assigned Primary Support Engineer (PSE) that eliminates
the need for extra maintenance resources and headcount associated with
inefficient, burdensome vendor support processes and policies.
“Rimini Street is pleased to be a valued partner to Valspar as it continues to
implement its explosive international growth strategy and transform the
coatings industry, while expanding and standardizing its Oracle E-Business
Suite implementation around the world,” said Seth Ravin, CEO, Rimini Street.
“With more than 660 organizations around the world already switching their
support to Rimini Street, including 75 of the Fortune 500 and 16 of the global
100, Rimini Street will help our clients run their existing Oracle and SAP
applications for at least a decade, while saving up to 90 percent off their
total support costs. Rimini Street clients benefit from innovative,
premium-level support that also enables them to reallocate resources towards
initiatives that help with the bottom line.”
About The Valspar Corporation
The Valspar Corporation (NYSE: VAL) is a global leader in the paint and
coatings industry. Since 1806, Valspar has been dedicated to bringing
customers the latest innovations, the finest quality and the best customer
service in the coatings industry. For more information, visit
About Rimini Street, Inc.
Rimini Street is the leading third-party provider of enterprise software
support services. The company is redefining enterprise support services with
an innovative, award-winning program that enables Oracle and SAP licensees to
save up to 90 percent on total support costs over a decade, including saving
50 percent on annual support fees. Clients can remain on their current
software release without any required upgrades or migrations for at least 10
years. Hundreds of global, Fortune 500, midmarket, and public sector
organizations from virtually all industries have selected Rimini Street as
their trusted, independent support provider. To learn more, please
visitwww.riministreet.comor call within the USA 888-870-9692 or
internationally +1 702-839-9671.
Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc.
All other company and product names may be trademarks of their respective
owners. Copyright © 2013. All rights reserved.
Photos/Multimedia Gallery Available:
Rimini Street, Inc.
Alma Park, +1 323-229-7282
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