February 25, 2017 12:05 AM ET

IT Services

Company Overview of Rimini Street, Inc.

Company Overview

Rimini Street, Inc. provides enterprise software support services. It offers enterprise software support services for Siebel, PeopleSoft, JD Edwards, Oracle E-Business Suite, Oracle Database, Hyperion, Oracle Retail, Oracle Fusion Middleware, SAP, and BusinessObjects software. The company provides support services program features, such as product support, security support, risk avoidance, technology support, innovation and roadmap, account management, and onboarding and archiving services, as well as global tax, legal, and regulatory update services. It serves global, Fortune 500, midmarket, and public sector organizations in various industries, such as financial services, healthcare, manuf...

3993 Howard Hughes Parkway

Suite 500

Las Vegas, NV 89169

United States

Founded in 2005

400 Employees

Phone:

702-839-9671

Fax:

702-973-7491

Key Executives for Rimini Street, Inc.

Founder, Chairman and Chief Executive Officer
Age: 49
President
Age: 51
Chief Financial Officer and Senior Vice President
Age: 57
Vice President of Global Strategy, Planning & Operations
Chief Information Officer, Senior Vice President, Secretary and Director
Age: 50
Compensation as of Fiscal Year 2016.

Rimini Street, Inc. Key Developments

Rimini Street, Inc. Appoints Thomas Sabol as Senior Vice President and Chief Financial Officer

Rimini Street, Inc. announced the appointment of Thomas Sabol as senior vice president and chief financial officer (CFO). Sabol will lead the global finance and accounting teams at Rimini Street, responsible for all financial aspects of the company both internally and externally including financial and management reporting, treasury, tax, and supporting the executive management team on strategic planning initiatives. Sabol replaces the Company’s previous CFO, Doug Zorn, who retired at the end of 2016. Sabol brings extensive public company financial and operational leadership experience at high-tech organizations to his new role at Rimini Street. Prior to his most recent work as a management consultant providing M&A, CFO support and strategic planning assistance to several companies, Sabol served as CFO for Comverse, Inc., now Xura, Inc.

Rimini Street, Inc. Announces Preliminary Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2016

Rimini Street, Inc. announced preliminary revenue results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's revenue increased 42% year over year to $47 million.c For the full year, revenue increased 36% year over year to $161 million. Deferred revenue for full fiscal year 2016 increased 53% year over year to $164 million.

NCI Building Systems Switches to Rimini Street for Support of Oracle E-Business Suite Products

Rimini Street, Inc. announced that NCI Building Systems switched to Rimini Street for support of its Oracle E-Business Suite systems. The switch to Rimini Street support in 2014 immediately saved NCI 50% on its annual maintenance fees and helped them avoid an expensive and disruptive forced upgrade to EBS R12. As a result, the company was able to invest its IT budget savings and freed up resources into the development of a new customer-facing eCommerce portal that has already contributed $120 million in revenue since 2014.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 31, 2016
--
Private Placement
June 28, 2016
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