Rimini Street Expands Investment and Operations in Asia-Pacific

Company launches subsidiary in New Zealand, hires staff and opens
new office in Auckland

LAS VEGAS–(BUSINESS WIRE)–#RMNIRimini
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 that it
has expanded its operations in the Asia-Pacific region with the launch
of its new subsidiary, Rimini Street New Zealand Limited, and the
opening of its new office in Auckland to address the growing demand for
Rimini Street’s premium, ultra-responsive support services in New
Zealand. Rimini Street’s expansion was announced at a gala event held at
The Northern Club in Auckland, where clients, local IT leaders and the
special guest of honor, Ambassador Scott P. Brown, the U.S. Ambassador
to New Zealand, were hosted by Rimini Street’s general manager for
Asia-Pacific, Andrew Powell, and Rimini Street corporate senior
executives.


Growing demand for IT optimization and a business-driven IT roadmap

Rimini Street launched its new subsidiary in response to the region’s
increasing desire for software support solutions that can help optimize
their IT spend and enable them to liberate significant funding for their
business transformation initiatives. Rimini Street already supports
nearly 50 clients with operations in New Zealand, including local brands
James Pascoe, Spark, 2Degrees Mobile, Refining New Zealand and The
University of Auckland.

By switching to Rimini Street support from the vendor’s support, these
organizations have saved up to 90 percent of the total cost of
maintenance of their SAP and Oracle software assets, and are able to run
their current ERP releases with no forced upgrades for a minimum of 15
years from the date they switched support. Rimini Street clients also
benefit from the Company’s flexible, premium-level enterprise software
support model, including its industry-leading Service Level Agreement
(SLA) of 15-minute response times for critical Priority 1 cases. In
addition, each client is assigned a Primary Support Engineer (PSE) with
an average of 15 years’ experience in their particular enterprise
software system, backed by a broader team of technical experts. By
switching their support to Rimini Street, organizations are able to take
back control of their IT roadmaps with a ”business-driven roadmap”
strategy that provides much more flexibility and value compared to the
vendor roadmap, allowing CIOs to focus on creating value and providing
competitive advantage for growth.

“Organizations in New Zealand, both public and private, spend hundreds
of millions of dollars every year on their annual enterprise software
support and maintenance, yet see little return from this significant
spend,” said Andrew
Powell
, general manager, Asia-Pacific, Rimini Street. “Our
conversations with CIOs are squarely focused on how we can help them
dramatically lower the total cost of ownership of their stable, mature
enterprise systems as part of a hybrid computing model and
business-driven roadmap, and as a result, we are experiencing increased
demand in the region. With Rimini Street, organizations have the option
to break free from the seemingly never-ending upgrade cycle dictated by
the vendor’s roadmap – an expensive and disruptive path for companies to
undertake just to stay fully supported. With our new operation in
Auckland, we are better able to engage with and support organizations in
New Zealand who want to significantly cut their software support spend
and take back control of their IT roadmaps.”

Region at risk of “falling behind” on innovation

Recent research from Vanson Bourne, commissioned by Rimini Street, found
that enterprises in the ANZ region plan to spend the second-least amount
on IT innovation in the world in the next 12 months, and they plan to
increase their IT innovation spend by just 6.31% in the 12 months
following the survey, well below the global average of 10.94%.

“New Zealand is famous for innovation, but it is at risk of falling
behind the rest of the world,” continued Powell. “New Zealand CIOs know
that it’s important to spend their IT budgets on more than daily
operations. With budget pressures between operating costs and the need
to invest in innovation, CIOs need to reassess the value of existing
support arrangements and explore better software support options
designed to provide a greater ROI. Rimini Street enables CIOs in New
Zealand to unlock significant savings and redirect that funding into
critical innovation initiatives.”

To download an eBook summary of the survey, “The State of Innovation:
Priorities and Challenges,” click here.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise
software products and services, and the leading third-party support
provider for Oracle and SAP software products. The Company has redefined
enterprise software support services since 2005 with an innovative,
award-winning program that enables licensees of IBM, Microsoft, Oracle,
Salesforce, SAP and other enterprise software vendors to save up to 90
percent on total maintenance costs. Clients can remain on their current
software release without any required upgrades for a minimum of 15
years. Over 1,700 global Fortune 500, midmarket, public sector and other
organizations from a broad range of industries currently rely on Rimini
Street as their trusted, third-party support provider. To learn more,
please visit http://www.riministreet.com/,
follow @riministreet
on Twitter and find Rimini Street on Facebook
and LinkedIn.
(C-RMNI)

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 forward-looking statements include, but are not
limited to, statements regarding our expectations of future events,
future opportunities, global expansion and other growth initiatives and
our investments in such initiatives. These statements are based on
various assumptions and on the current expectations of management and
are not predictions of actual performance, nor are these statements of
historical facts. 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, continued inclusion in the Russell 2000 Index in the future;
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; the final amount and
timing of any refunds from Oracle related to our litigation; our need
and ability to raise additional equity or debt financing on favorable
terms; the terms and impact of our 13.00% Series A Preferred Stock;
changes in taxes, laws and regulations; competitive product and pricing
activity; difficulties of managing growth profitably; the success of our
recently introduced products and services, including Rimini Street
Mobility, Rimini Street Analytics, Rimini Street Advanced Database
Security, and services for Salesforce Sales Cloud and Service Cloud
products; 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 discussed under the heading “Risk Factors” in
Rimini Street’s Quarterly Report on 10-Q filed on November 8, 2018,
which disclosures amend and restate the disclosures appearing under the
heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K
filed on March 15, 2018, and as updated from time to time by Rimini
Street’s future Quarterly Reports on Form 10-Q, Current Reports on Form
8-K, and 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.

© 2018 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.

Contacts

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

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