Rimini Street Increases Investment in Australia and New Zealand, Opens New Melbourne Office

Company more than doubles Oracle and SAP clients signed;

Now servicing nearly 90 organizations in the region

LAS VEGAS–(BUSINESS WIRE)–Rimini
Street, Inc.
, the leading global provider of independent enterprise
software support services for SAP SE’s (NYSE:SAP) Business
Suite
, BusinessObjects
and HANA
Database
software and Oracle Corporation’s (NYSE:ORCL) Siebel,
PeopleSoft,
JD
Edwards
, E-Business
Suite
, Oracle
Database
, Oracle
Middleware
, Hyperion,
Oracle
Retail
, Oracle
Agile PLM
and Oracle
ATG Web Commerce
software, today announced its continued growth and
investment in Australia and New Zealand due to accelerated demand for
the Company’s premium-level enterprise software support for Oracle and
SAP licensees. The Company announced that its total signed clients in
the region as of the third quarter ending September 30, 2016 increased
by 109% year over year. To meet this growing client demand, the Company
also expanded its presence in the region with the opening of a new
office in Melbourne, and increased its workforce by 52% year over year
as of September 30, 2016. Australia is currently the eighth largest
enterprise application software market in the world, with annual
revenues estimated at $4.2 billion.1


Growing Pressures in the Region Further Stimulate Demand

CIOs and IT leaders in Australia and New Zealand face increasing
pressure from their organizations – on the one hand they are tasked with
maximizing the ROI across their IT landscape and maintaining what they
have to ensure it runs smoothly. On the other hand, these IT leaders are
asked to explore and implement digital transformation initiatives to
help their business grow and remain competitive. With industry analysts
citing that up to 89% of IT budgets are spent on ongoing operations,
this leaves little budget left over to implement the more strategic
programs that can make the biggest difference for an organization.

“SAP is a critical system for our company and it will continue to serve
our business well for many years,” said Tanya Whiteing, Acting CIO at
George Weston Foods Limited (GWF). “Engaging Rimini Street has enabled
GWF to substantially lower the ongoing cost of ownership for our
on-premises SAP applications. This will allow us to pass direct savings
to the business as well as to fund new innovation.”

Rimini Street Continues Growth and Investment in Australia and New
Zealand

In addition to the increase in the number of signed clients and global
headcount, Rimini Street also achieved a 78% revenue growth across all
its Oracle product lines for the 12-month period ending September 30,
2016, compared to the prior 12-month period, and an increase of 52% year
over year for its SAP product support revenue during the same period.

The Company opened its Sydney headquarters in 2008, and today supports a
total of 88 global organizations with operations in Australia and New
Zealand, including 10 of the ASX Top 50 companies. Clients in the region
who recently made the switch to Rimini Street support include Betfair
Pty Limited, ActewAGL, The New Zealand Refining Company, George Weston
Foods Limited, Murrin Murrin Operations Pty Ltd, and Viva Energy
Australia Pty Ltd.

“This year we’ve seen a spike in client demand not only from commercial
entities but also government organizations across Australia and New
Zealand,” said Andrew Powell, managing director, Rimini Street APAC and
Middle East. “As the market matures and organizations become
increasingly canny about their IT spend, we find that many CIOs are
simply not willing to pay high vendor maintenance fees anymore. By
switching to Rimini Street support, these businesses can save up to 90%
of their total cost of maintenance and reinvest their savings in areas
of strategic importance instead of continuing to spend needlessly on
ongoing operations.”

To learn more, follow @riministreet
on Twitter and find Rimini Street on Facebook
and LinkedIn.

About Rimini Street, Inc.

Rimini Street is the global leader in providing independent enterprise
software support services. The company has redefined enterprise support
services since 2005 with an innovative, award-winning program that
enables Oracle and SAP licensees to save up to 90 percent on total
support costs. Clients can remain on their current software release
without any required upgrades for a minimum of 15 years. Over 1,600
global, Fortune 500, midmarket, and public sector organizations from a
broad range of industries have selected Rimini Street as their trusted,
independent support provider. To learn more, please visit http://www.riministreet.com.

Forward-Looking Statements

This press release may contain forward-looking statements. The words
“believe,” “may,” “will,” “plan,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are subject
to risks and uncertainties, and are based on various assumptions. If the
risks materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. Rimini Street assumes no obligation to
update any forward-looking statements or information, which speak only
as of the date of this press release.

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 © 2016. All rights reserved.

1 Gartner Forecast: Enterprise Software Markets, Worldwide,
2012-2019, 2Q15 Update. Gartner, Inc.

Contacts

Rimini Street, Inc.
Michelle McGlocklin, +1 925-523-8414
mmcglocklin@riministreet.com