December 07, 2016 11:48 PM 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: 65
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

BrightSource Energy Switches from Oracle to Rimini Street for Support of Four Oracle Product Lines

Rimini Street, Inc. announced that BrightSource Energy has switched to Rimini Street for support of its Oracle EBS, Database, Fusion Middleware and Agile PLM products. The savings from the switch to Rimini Street has enabled BrightSource Energy to fund a new hybrid IT landscape.

Court Orders Rimini Street to Stop Infringing on Oracle Copyright

Oracle announced that the U.S. District Court for the District of Nevada has issued two significant rulings in Oracle's litigation against Rimini Street and its CEO Seth Ravin. The first ruling is a permanent injunction barring Rimini Street from continuing to infringe Oracle's copyrights and other unlawful acts. The court previously determined that a permanent injunction was warranted, noting Rimini Street's 'callous disregard for Oracle's copyrights and computer systems when it engaged in the infringing conduct' and that 'Rimini's business model was built entirely on its infringement of Oracle's copyrighted software and its improper access and downloading of data from Oracle's website and computer systems. In its second ruling, the court awarded Oracle $27.7 million in prejudgment interest, with an additional amount of prejudgment interest to be awarded based on the date of the final judgment. This is in addition to the $50 million jury verdict and the $46.2 million in attorneys' fees and costs awarded to Oracle last month. Rimini Street announced that it will take responsibility for its past practices and pay a one-time fair market license fee of $35.6 million awarded to Oracle for 'innocently infringing' certain of its software copyrights. Rimini Street plans to pursue an appeal of the other aspects of the judgment, including the $88 million balance of the total $124 million awarded to Oracle, as well as the injunction. Rimini Street believes it has strong bases for its appeal, which is likely to continue for several more years before a final outcome.

Rimini Street, Inc. Reports Preliminary Revenue Results for the Third Quarter Ended September 30, 2016

Rimini Street, Inc. reported preliminary revenue results for the third quarter ended September 30, 2016. For the quarter, the company reported revenue of $41 million, up 32% year over year.

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