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November 27, 2015 9:50 PM ET

IT Services

Company Overview of Rimini Street, Inc.

Company Overview

Rimini Street, Inc. provides enterprise software maintenance and support services worldwide. Its services include issue resolution and software bug fixes; and tax, legal, and regulatory support services, as well as application customization support, performance and interoperability analysis, and a direct hotline. The company sells its solutions directly to various industries. Rimini Street, Inc. was founded in 2005 and is headquartered in Las Vegas, Nevada.

3993 Howard Hughes Parkway

Suite 780

Las Vegas, NV 89169

United States

Founded in 2005

400 Employees





Key Executives for Rimini Street, Inc.

Founder, Chairman and Chief Executive Officer
Age: 48
Age: 50
Chief Financial Officer and Senior Vice President
Age: 64
Vice President of Global Strategy, Planning & Operations
Chief Information Officer, Senior Vice President, Secretary and Director
Age: 49
Compensation as of Fiscal Year 2015.

Rimini Street, Inc. Key Developments

Federal Judge Found Rimini Street Infringed Oracle's Intellectual Property Rights in the Peoplesoft and Oracle Database Product Lines

A federal judge determined that Rimini Street and Seth Ravin infringed Oracle's intellectual property rights in the PeopleSoft and Oracle database product lines. After two weeks of trial, a federal jury found that Rimini also infringed Oracle intellectual property rights in the JD Edwards and Seibel product lines. That same jury awarded Oracle more than $50 million in damages for that infringement and violations of laws protecting computer systems. Oracle further intends to seek an injunction barring Rimini from continuing to operate its business based on massive infringement. This case certainly was not about an honest dispute over licensing terms, as Rimini pretends. It was about IP theft, pure and simple. Rimini and Seth Ravin got caught, and now they have to pay. Oracle will aggressively pursue its claims in the second lawsuit pending against Rimini for the infringement and other misconduct that occurred after the dates at issue in the first trial.

Rimini Street, Inc. Reports Preliminary Revenue Results for the Third Quarter Ended September 30, 2015

Rimini Street, Inc. reported preliminary revenue results for the third quarter ended September 30, 2015. Revenue for the third fiscal quarter of 2015 increased 38% year over year to $30.8 million. Deferred revenue as of September 30, 2015 increased 53% year over year to $89.1 million.

Rimini Street, Inc. Appoints Frank Chou as General Manager, Greater China

Rimini Street, Inc. announced the appointment of Frank Chou as general manager, Greater China. In this newly created role, Chou is responsible for leading the growth and expansion of company's service offerings across Greater China, which includes China, Hong Kong and Taiwan. Prior to joining Rimini Street, Chou served as the CIO for China National Chemical Corporation (ChemChina). Before this, Chou spent over 20 years as a consultant with Accenture.

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