Rimini Street Expands Investment and Operations in Europe

Company appoints new EMEA General Manager, launches new French subsidiary, hires staff and opens new office in Paris

LAS VEGAS, October 18, 2017 – Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced the appointment of industry leader Marc Chesover as general manager of Europe, the Middle East and Africa (EMEA). The Company also announced the launch of its French subsidiary, hiring of new staff and opening of its new office in Paris, France.

Enterprise Software Veteran Leads EMEA Operations

Rimini Street’s new general manager, Marc Chesover, will lead the Company’s sales and service delivery operations across EMEA, and the next phase of growth in the region. Chesover has over twenty years of experience leading sales and operations in the technology industry, and brings a proven track record conducting operational and strategic leadership, driving revenue, and leading customer engagement. Prior to joining Rimini Street, Chesover held leadership positions at SAP, HCL Technologies, and PROS Holdings, Inc. During his tenure at SAP, Chesover was the global vice president of Mobility Sales & Solutions and a member of the Platform & Solutions Group global leadership team. Additionally, Chesover held management positions at Indus (acquired by ABB) and MRO Software (acquired by IBM). Preceding his career in the software industry, Chesover spent seven years working in field operations within a UK government agency.

“The opportunity for Rimini Street’s premium level service we believe is high across the region, as increasingly CIOs are challenged with doing more with less while at the same time being asked to support their organizations growth through new digital initiatives, said Marc Chesover, general manager, Rimini Street EMEA. I have personally observed Rimini Street disrupt the status quo in the enterprise software industry while expanding their global footprint. I look forward to helping new and existing Rimini Street EMEA clients optimize their current systems, expand their capabilities and obtain significant benefit from our award-winning client support.”

Launch of Operations in France

Rimini Street launched its new French subsidiary, Rimini Street SAS, hired staff and opened its new office in Paris to meet the growing demand for its premium, high-quality support and services in France. Rimini Street already supports over 90 organizations with operations in France, including local brands Bodet, CGG, Eutelsat, Laboratoires Servier, Schiever and Vinci Energies.

According to a recent Gartner report, “Per surveyed CIOs, France’s average IT budget growth rate is on par with EMEA’s at 1.4 percent, but less than the global average of 2.2 percent.”1 Furthermore, Gartner noted, “Based on the survey results, French CIOs are directing proportionately less of their new/discretionary spending to ERP. If we use a natural ecosystem analogy, survival of the fittest here (that is, the most adaptable) is about focusing energy toward new competitive capabilities by constantly making existing capabilities more efficient.”2

In line with Gartner’s recommendations, Rimini Street enables organizations to not only run their current ERP releases for a minimum of 15 additional years, but also save up to 90 percent on their total annual maintenance costs. CIOs are challenged with demonstrating how the IT department can bring value to the business overall and help progress the organizations’ digital transformation initiatives. Rimini Street works with CIOs to help them obtain the wider breadth of support services they need, take control of their software roadmap and investment and strategically optimize cost across their enterprise software portfolio.

“With Rimini Street support we get the whole package – ultra-responsive service at a reasonable price, the ability to upgrade if and when it makes sense for us, and a named experienced engineer who is available 24×7,” said Julien Viala, director of IT infrastructure, Vinci Energies. “The difference between what our support used to look like and what we now have is night and day.”

“We continue to see increasing demand for Rimini Street’s unique, premium-level enterprise software support services across the EMEA region, including France,” said Seth A. Ravin, Rimini Street CEO. “We are pleased to have an experienced enterprise software industry leader like Marc join the team and lead our next phase of growth across EMEA.  Additionally, our new French subsidiary, staff and Paris office will better position us logistically to sell to and service clients with operations in France.”

1,2 Gartner, Inc., “2017 CIO Agenda: A France Perspective.” February 9, 2017.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

Investor relations contact:

Dean Pohl

Rimini Street, Inc.

+1 925-523-7636 dpohl@riministreet.com
Media relations contact:

Janet Ravin

Rimini Street, Inc.

+1 702-285-3532 pr@riministreet.com