Rimini Street’s professional services
delivers expert guidance and delivery in the strategic split of
santec operations
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of
end-to-end enterprise software support, products and services, the
leading third-party support provider for Oracle and SAP software,
and a Salesforce and AWS partner, today announced that santec has
selected Rimini Consult™ for SAP to provide professional services
and guidance for the strategic separation of the company into four
corporations.
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the full release here:
https://www.businesswire.com/news/home/20231213145234/en/
santec Leverages Rimini Consult™ to
Comprehensively Restructure its SAP Systems in Support of Major
Corporate Restructuring (Photo: Rimini Street)
As a Rimini Support™ for SAP client since 2018, the decision to
select Rimini Consult was a natural move for santec based on the
strong track record of delivering extraordinary support and
services year after year.
santec Selects Rimini Consult for SAP Based on Proven History
of Trust and Expert Delivery Coupled with Independent, Software
Vendor-Agnostic Partnership and Guidance
Based in Japan, santec is a global photonics company and a
leading manufacturer of tunable lasers, optical test and
measurement products, advanced optical components, and
biophotonics, with a heavy focus on supplying products to the
telecommunications industry.
The maturation of 5G, increasing cloud adoption, and the rise of
hybrid work have driven skyrocketing use of telecommunications
services, yielding significant growth for santec.
To enable greater agility and efficiency for the business,
santec executives made the strategic decision to split into four
separate corporate entities. With SAP deeply embedded into all
areas of the business, santec’s IT team was faced with the
challenge of reorganizing the deployment to support all four
businesses on a strict timeline. santec weighed their options on
who to partner with to complete this complex project: SAP or Rimini
Street.
“Splitting a company into separate businesses is a very
challenging process – and managing the IT systems through the
transition is one of the hardest parts. Based on our previous
experience, we knew that SAP’s professional services wouldn’t give
us the help we needed, potentially jeopardizing this crucially
important project,” said Shinya Hidaka, group manager, information
systems group, santec Holdings Corporation.
When engaged with Rimini Street to discuss their IT needs, the
contrast to SAP and other consulting providers became evident:
Rimini Street provides an independent, software vendor-agnostic,
comprehensive roadmap designed to benefit the client, and sees
their success through to completion every step of the way. And the
deep knowledge of their systems and organization as a long-time
software support provider enabled Rimini Street to get to work
immediately and efficiently.
“Not only did the Rimini Street team guide us through the
project, they also provided education and training on how to
navigate our SAP systems. This level of care is not common in the
consulting industry, and is greatly appreciated by the santec IT
team,” shared Hidaka.
Rimini Consult Remains Differentiated in Value and
Specialization of Services
Adopted by leading companies across the globe, Rimini Consult’s
suite of packaged and project-based professional services offers a
wide variety of solutions for clients’ enterprise software
customization, configuration, implementation, integration,
interoperability, migration, staff augmentation and other project
needs, delivered by experienced professionals.
Rimini Consult helps clients optimize, evolve, and transform
Oracle, SAP, and Salesforce systems with specialized projects,
including:
- Cloud and database migrations
- Interoperability and integration
- Security strategy and hardening
- Technology assessments
- Roadmap and strategy
- Observability and monitoring
- Bespoke/custom projects
- Staff and skills augmentation
Rimini Consult also provides specialized advisory services,
software resources planning, development services and technology
and application roadmap planning designed to help clients
successfully complete digital transformation and other innovation
initiatives.
“Rimini Street provides the industry’s best third-party support
services for SAP, Oracle, and Salesforce. We’ve taken those
capabilities further with our consulting services, leveraging the
same approach as our support services with highly specialized,
veteran engineering and service professionals to help customers
plan and execute even the most complex projects,” said Bill
Carslay, GVP, general manager, professional services, Rimini
Street. “Working hand in hand with our clients, we are proud to
help IT become a growth enabler and profit center for the
business.”
To learn more about santec’s extraordinary experience with
Rimini Consult, watch the feature video here.
Explore the full Rimini Street portfolio of ultra-responsive,
trusted and proven support, managed services, security,
integration, observability, professional services and Rimini ONE™
end-to-end outsourcing solutions for SAP, Oracle and Salesforce
applications to support competitive advantage, profitability and
growth.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is
a global provider of end-to-end enterprise software support,
products and services, the leading third-party support provider for
Oracle and SAP software and a Salesforce and AWS partner. The
Company has operations globally and offers a comprehensive family
of unified solutions to run, manage, support, customize, configure,
connect, protect, monitor, and optimize enterprise application,
database, and technology software, and enables clients to achieve
better business outcomes, significantly reduce costs and reallocate
resources for innovation. To date, over 5,300 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 enterprise software solutions provider. To learn more,
please visit riministreet.com, and connect with Rimini Street on
Twitter, Instagram, Facebook and LinkedIn. (IR-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 “anticipate,” “believe,” “continue,”
“could,” “currently,” “estimate,” “expect,” “future,” “intend,”
“may,” “might,” “outlook,” “plan,” “possible,” “potential,”
“predict,” “project,” “seem,” “seek,” “should,” “will,” “would” 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, adverse developments in and costs
associated with defending pending litigation or any new litigation,
including the disposition of pending motions to appeal and any new
claims; additional expenses to be incurred in order to comply with
injunctions against certain of our business practices and the
impact on future period revenue and costs; changes in the business
environment in which Rimini Street operates, including the impact
of any recessionary economic trends and changes in foreign exchange
rates, as well as general financial, economic, regulatory and
political conditions affecting the industry in which we operate and
the industries in which our clients operate; the evolution of the
enterprise software management and support landscape and our
ability to attract and retain clients and further penetrate our
client base; significant competition in the software support
services industry; customer adoption of our expanded portfolio of
products and services and products and services we expect to
introduce; our ability to sustain or achieve revenue growth or
profitability, manage our cost of revenue and accurately forecast
revenue; estimates of our total addressable market and expectations
of client savings relative to use of other providers; variability
of timing in our sales cycle; risks relating to retention rates,
including our ability to accurately predict retention rates; the
loss of one or more members of our management team; our ability to
attract and retain qualified employees and key personnel;
challenges of managing growth profitably; our need and ability to
raise additional equity or debt financing on favorable terms and
our ability to generate cash flows from operations to help fund
increased investment in our growth; the impact of environmental,
social and governance (ESG) matters; risks associated with global
operations; our ability to prevent unauthorized access to our
information technology systems and other cybersecurity threats,
protect the confidential information of our employees and clients
and comply with privacy regulations; our ability to maintain an
effective system of internal control over financial reporting; our
ability to maintain, protect and enhance our brand and intellectual
property; changes in laws and regulations, including changes in tax
laws or unfavorable outcomes of tax positions we take, or a failure
by us to establish adequate tax reserves; our credit facility’s
ongoing debt service obligations and financial and operational
covenants on our business and related interest rate risk, including
uncertainty from the transition to SOFR or other interest rate
benchmarks; the sufficiency of our cash and cash equivalents to
meet our liquidity requirements; the amount and timing of
repurchases, if any, under our stock repurchase program and our
ability to enhance stockholder value through such program;
uncertainty as to the long-term value of Rimini Street’s equity
securities; catastrophic events that disrupt our business or that
of our clients; and those discussed under the heading “Risk
Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on
November 1, 2023, and as updated from time to time by Rimini
Street’s future Annual Reports on Form 10-K, 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.
© 2023 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231213145234/en/
Janet Ravin VP, Global Communications Rimini Street, Inc. +1 702
285-3532 pr@riministreet.com
Rimini Street (NASDAQ:RMNI)
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