With 79% of respondents indicating
satisfaction with their current VMware software, most would
consider continuing to utilize their perpetually licensed software
if they could acquire support
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of
end-to-end enterprise software support and innovation solutions,
the leading third-party support provider for Oracle, SAP and VMware
software, today announced the findings of the report, “Insights and
Strategies on VMware: Navigating the Evolving Hypervisor Market.”
The Rimini Street-sponsored research was conducted in Q3 2024
amongst 110+ VMware customers, exploring how they are navigating
changes in pricing structure and new subscription bundling since
Broadcom’s acquisition of the hypervisor provider.
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the full release here:
https://www.businesswire.com/news/home/20241211557422/en/
New Survey of VMware Customers Reveals
Strong Desire to Maximize the Value of Perpetual Licenses (Graphic:
Business Wire)
The analysis of the data revealed that nearly all VMware
customers surveyed are proactively seeking paths to take control of
their VMware roadmap, focusing on opportunities to lower cost, buy
more time, and bring greater stability to the organization amidst
turbulent changes in the hypervisor market.
Customers Seek to Maximize Value of Current VMware Software
While Assessing Hypervisor Options
The majority of survey respondents (79%) stated their current
perpetually licensed VMware software meets their business needs.
With VMware customers being compelled to give up their perpetual
licenses and switch to a subscription model, along with changes in
how products are bundled, the resulting significant price increases
for many customers has led to organizations seeking alternative
hypervisors.
However, the survey results also indicate 99% of the respondents
would consider continuing to utilize current perpetually licensed
software if they could acquire support.
Given these dynamics, customers are motivated to seek VMware
alternatives over time. 96% of survey respondents stated they see
value in roadmap services to help assess VMware alternatives. In
fact, 98% of respondents are already using, planning to use or
considering alternatives for at least a part of their VMware
estate. With growing concerns around market uncertainty and
Broadcom policies, 92% of those surveyed anticipate additional
VMware price increases within the next 12-18 months.
“Giving up control over perpetual licenses due to forced vendor
subscription models is like turning in keys to your paid-off home
to rent the same house from a landlord. The results of this survey
highlight that while VMware customers are happy with their
software, they are concerned with price increases and changes in
licensing, and are seeking alternative strategies,” says Rodney
Kenyon, group vice president of Rimini Custom™. “With our
award-winning, industry-leading support, Rimini Street has helped
thousands of organizations around the world extend the life and
value of their current enterprise software releases, including
VMware. For organizations that prefer to maintain their existing
VMware environment rather than pursue an alternative solution,
third-party support offers a powerful option. We provide clients
with comprehensive support and optimization for their current
software while also helping them define and execute strategic
roadmap plans.”
Additional Survey Findings Identify AI and Cloud Hypervisor
Market Transformation
71% of respondents identify cloud-native solutions as the top
influence on the hypervisor market, with 70% of respondents citing
AI as a major impact. The hypervisor landscape is undergoing a
transformation, led by new cloud-native technologies, AI
innovations and new computing options. With notable changes coming
to market in the next few years, perpetual licensees have greater
incentive to keep running their systems longer as they explore new
solutions to meet their evolving needs.
In addition to support, Rimini Street provides expert guidance
and roadmap services to help VMware customers evaluate and
determine the best strategy to optimize costs and reduce
complexity.
Access the full, comprehensive report, “Insights and Strategies
on VMware: Navigating the Evolving Hypervisor Market,” here.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is
a global provider of end-to-end enterprise software support and
innovation solutions and the leading third-party support provider
for Oracle, SAP and VMware software. The Company offers a
comprehensive portfolio of unified solutions to run, manage,
support, customize, configure, connect, protect, monitor, and
optimize enterprise application, database, and technology software.
The Company has signed thousands of contracts with Fortune Global
100, Fortune 500, midmarket, public sector and government
organizations who selected Rimini Street as their trusted, proven
mission-critical enterprise software solutions provider and
achieved better operational outcomes, realized billions of US
dollars in savings and funded AI and other innovation
investments.
To learn more, please visit www.riministreet.com, and connect
with Rimini Street on X, Facebook, Instagram, and LinkedIn.
Forward-Looking Statements
Certain statements included in this communication are not
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our expectations of future events, future opportunities, global
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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
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impact on future period revenue and costs; changes in the business
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of any macro-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
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retention rates; the loss of one or more members of our management
team; our ability to attract and retain additional qualified
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achieve and maintain profitability; our plans to wind down the
offering of services for Oracle PeopleSoft products; the volatility
of our stock price and related compliance with stock exchange
requirements; our need and ability to raise equity or debt
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from operations to help fund increased investment in our growth
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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 October 30, 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.
© 2024 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
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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/20241211557422/en/
Janet Ravin VP, Global Communications Rimini Street, Inc. +1 702
285-3532 pr@riministreet.com
Rimini Street (NASDAQ:RMNI)
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