October 4, 2019
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has become a supplier for G-Cloud 11, the UK Government’s framework for public sector organizations to find and purchase Cloud-based services. The company is now a supplier under Lot 3: Cloud Support for third party support for Oracle Siebel, PeopleSoft, JDEdwards, Oracle E-Business Suite, Oracle Database, Hyperion, Oracle Fusion Middleware, Agile PLM, IBM DB2, Retail, SAP Applications, Sybase and HANA databases. This latest development follows on from its confirmation as a supplier for third-party support for the Technology Services 2 (TS2) Framework, under the Framework ID RM3804, Lot 3d Operational Services – Application and Data Management.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191003005173/en/
Rimini Street Named a Supplier for UK G-Cloud 11 Framework for Oracle and SAP Applications (Photo: Business Wire)
The G-Cloud 11 Framework
G-Cloud 11, Framework ID RM1557.11, is overseen by the Crown Commercial Service (CCS). CCS supports the UK public sector to achieve maximum commercial value when procuring common goods and services. In 2018/19, CCS helped the public sector to achieve commercial benefits worth £945m – supporting world-class public services that offer best value for taxpayers.
Under G-Cloud 11, suppliers provide cloud-based services covering three categories: Cloud Hosting (Lot 1), Cloud Software (Lot 2) and Cloud Support (Lot 3). Cloud support suppliers under Lot 3 provide services to help buyers set up and maintain their cloud services, including ongoing support, planning, quality assurance and performance testing, setup and migration, security services and training.
Ultra-Responsive, Premium Software Support Services for the UK Public Sector
Rimini Street has an established client base among UK public sector organizations ranging from central government departments to local authorities and public sector bodies. Switching to Rimini Street support from software vendor support can significantly reduce the proportion of IT budget that is spent on daily operating costs, enabling public sector organizations to reallocate much more of the IT budget for investments in innovation. Clients that switch to Rimini Street third-party support are also freed from the vendor-mandated roadmaps of expensive and recurring forced upgrades, migrations and vendor lock-in. With this shift, CIOs can take back control of their IT roadmap and investment strategy.
“Rimini Street has been serving the unique needs of UK government clients for years, and we are delighted to be named a supplier for UK G-Cloud 11,” said Mark Armstrong, general manager, Europe, Middle East & Africa, Rimini Street. “With the urgency to reduce IT operating costs and deliver innovation and digital transformation within a constrained budget, along with the challenges and uncertainties surrounding Brexit, Rimini Street can help UK Public Sector organizations drive significant cost savings, continue leveraging their stable and valuable existing Oracle and SAP applications without any forced, costly vendor-mandated upgrades or migrations for at least an additional 15 years, and use the savings to fund business transformation.”
About Crown Commercial Services
Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services. To find out more about CCS, visit: www.crowncommercial.gov.uk. Follow them on Twitter: @gov_procurement. LinkedIn: www.linkedin.com/company/2827044
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. Nearly 1,900 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)
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, 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 (including our pending appeal of the permanent injunction) 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 and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services, Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; 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 Form 10-Q filed on August 8, 2019, 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.
© 2019 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191003005173/en/