New Zealand market leader in renewable
energy achieves cost efficiency and operational stability with
Rimini Support™ and Rimini Watch™ for SAP, reinvests the savings
into AI/ML innovations for growth
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, today announced that Mercury NZ has selected
Rimini Support™ and Rimini Watch™ for SAP, as part of its strategic
move to achieve cost efficiencies and retain stability of its core
IT systems after its acquisition of the Trustpower retail
business.
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the full release here:
https://www.businesswire.com/news/home/20241008548617/en/
Mercury NZ Selects Rimini Street to
Provide Support and Monitoring Services for its SAP Systems
(Graphic: Business Wire)
Having achieved significant savings, the renewable energy
company is funding investment and continued modernization of its
platforms to meet growing consumer demands.
“Mercury is constantly looking to innovate, to make sure we are
offering products and services that our customers value in
modernizing the way we operate,” said Tim Aynsley, Mercury NZ’s
previous head of technology. “During this transition, Rimini Street
has given us the stability to be future-ready and focus on
innovation.”
Rimini Street Makes Mercury NZ’s Transition Away from SAP a
Smooth, Stable Journey
Mercury NZ has been an SAP shop for nearly 20 years, leveraging
its customized system for reporting, CRM, utility billing and more.
Today, they run SAP ECC6 on HANA database, and SAP Industry
Solutions Utilities (IS-U).
Prior to the acquisition of Trustpower, a decision that helped
cement its status as a leading retailer of both energy and
telecommunications utility products in New Zealand, Mercury NZ
contemplated a migration to S/4HANA. However, Mercury did not
progress with this due to the Trustpower acquisition and technology
decisions made as a result.
“With Rimini Street, we were provided with a viable alternative
to support our SAP systems, which has helped us to make savings in
the way we operate,” said Aynsley.
“Many SAP Utilities customers have concluded that the investment
needed to move to S/4HANA is better used to fund innovation around
strategic initiatives,” said Coy Wright, vice president of Energy,
Utilities & Mining at Rimini Street. “We’re seeing the
utilities industry as a whole move toward composable ERP
architectures using best-of-breed applications surrounding the SAP
core and we’re proud to support our clients on their journey to
deliver successful business outcomes.”
Mercury NZ Gains Peace of Mind and Business Momentum by
Partnering with Rimini Street
Mercury NZ credits Rimini Street with providing peace of mind
and assurance knowing its business continuity is in expert hands.
With Rimini Support™ for SAP, the organization sees the impact of
Rimini Street’s high-touch, highly responsive team of engineers who
not only deliver outstanding support, but also collaborate with
Mercury NZ’s other vendors to provide stability for their
mission-critical system.
“We replaced SAP’s Solution Manager (SolMan) with Rimini Watch™.
This allows us to monitor business processes, diagnose performance,
and mitigate issues proactively,” said Anita Grenside, practice
lead at Mercury NZ. “Our customers expect our services to be
available when they need them, and so that's just logical from a
competitive point of view that we can provide stable, resilient
services.”
Aynsley adds, “Rimini Street is a capable partner that, in our
experience, exceeds in delivering what they promise. They play a
key role in keeping the services that we provide to our consumers
as cost effective and innovative as possible.”
Learn more about Mercury NZ’s story of operational stability and
transformation in partnership with Rimini Street 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 VMware. and
many more 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 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/20241008548617/en/
Janet Ravin VP, Global Communications Rimini Street, Inc. +1 702
285-3532 pr@riministreet.com
Rimini Street (NASDAQ:RMNI)
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