Clients running VMware choose
industry-leading support and services from Rimini Street, avoiding
costly price increases and buying the time and flexibility needed
to determine their future virtualization strategy
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 an AWS partner, announces the successful global adoption of its
VMware support, security and consulting services by clients
headquartered across four continents. Rimini Street’s VMware
clients are experiencing improved service levels and peace-of-mind
as they extend the life and value of their VMware perpetual
licenses.
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the full release here:
https://www.businesswire.com/news/home/20240918029471/en/
Rimini Street Support for VMware Selected
by Clients Across 4 Continents (Graphic: Business Wire)
VMware Forced Switch to Subscription Model Drives Price
Increases and Uncertainty
After acquiring VMware in November 2023, Broadcom instituted
several changes to VMware licensing which impacted customers,
including a sudden transition to a new subscription-based licensing
model which has forced the bundling of products that were not
previously selected, licensed or used by many VMware customers.
“Many organizations have perpetual licenses to use VMware
products but are now facing end of support deadlines and
significant annual fee increases,” said Dave Rowe, chief product
and marketing officer at Rimini Street. “Rimini Street gives VMware
customers the time they need to evaluate if they are going to
eventually accept their new licensing model and fees, or evaluate,
select, and implement a new virtualization platform. Selecting
Rimini Support™ for VMware buys organizations time to perform this
analysis and make and implement these critical infrastructure
decisions.”
Rimini Street’s VMware Client Base is Now Spread Across 4
Continents in 3 Short Months
Since launching its VMware services in May 2024, Rimini Street
celebrates the successful onboarding and support of VMware clients
in 4 continents across multiple industries.
In addition to avoiding significant price increases and buying
time to assess options, clients are selecting Rimini Street to
support their VMware software based on Rimini Street’s reputation
as the leading independent provider of enterprise software support
that is delivered by product experts, and has global coverage and
scalability, robust security offerings, a wide scope of supported
VMware products, and access to strategic technical roadmapping
services.
Alcatel-Lucent Enterprise, a leading provider of secure
networking and communication solutions enabling organizations and
industries to accelerate their operational efficiencies and
competitiveness, has selected Rimini Street to provide VMware
support and services. Since making the switch in July, multiple
high priority cases have been logged, with Rimini Street’s seasoned
engineers providing rapid, expert resolutions and garnering high
praise from the digital-age networking, communications and cloud
solutions provider.
"The Rimini Street VMware support experience is the best we've
ever had," said ALE's head of EMEA Technology, Jean-Pierre Roullin.
"We are impressed with both the quality of the support and the
depth of services we receive from Rimini Street. We highly
recommend business leaders seek them out for their VMware
needs."
For clients who have already experienced Rimini Street’s
industry-leading enterprise software support and services,
expanding their relationship to include more coverage of their IT
stack has been an easy decision.
“One of our long-time clients in the lottery and gaming industry
recently selected Rimini Support™ for VMware. They have been with
us since 2007, leveraging us for deep savings, and better, wider
scope of support for their various Oracle product lines,” said
Rodney Kenyon, group vice president of global professional services
at Rimini Street. “With cost efficiency and high-quality support
being priorities, the client’s new VP of IT was able to show both
immediate strategic and operational benefits to the organization,
making him the hero to the IT and finance departments.”
To learn more about Rimini Street’s VMware offering, click here.
To get connected for an immediate consultation with one of Rimini
Street’s VMware Enterprise Architects or other experts, simply
email vmware@riministreet.com.
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 an 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 5,600 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 X
(formerly known as 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 grow our revenue, manage our cost of
revenue and accurately forecast revenue; the expected impact of
recent and anticipated future reductions in our workforce and
associated reorganization costs; 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 additional qualified
personnel, including sales personnel, and retain key personnel; our
business plan, our ability to grow in the future and our ability to
achieve and maintain profitability; our plans to wind down the
offering of services for Oracle PeopleSoft products; our need and
ability to raise equity or debt financing on favorable terms and
our ability to generate cash flows from operations to help fund
increased investment in our growth initiatives; 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; the impact of environmental, social and governance (ESG)
matters; 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
July 31, 2024, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240918029471/en/
Janet Ravin VP, Global Communications Rimini Street, Inc. +1 702
285-3532 pr@riministreet.com
Rimini Street (NASDAQ:RMNI)
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