$4.090
-0.040 (-0.97%)Zum Schluss
RMNI-News
RMNI-Events
Rimini Street Helps Pyung Hwa Holdings Cut Maintenance Costs by 50%
Rimini Street, the Software Support and Agentic AI ERP Company, announced continued success in its long-standing relationship with Pyung Hwa Holdings. Through years of support for the company's SAP ECC 6 and Oracle Database environments, Rimini Street has helped Pyung Hwa Holdings, a supplier to major domestic automotive manufacturers and global OEM supply chains, cut annual maintenance costs by 50%, improve service responsiveness and avoid the cost, disruption and risk associated with unnecessary upgrades.
Rimini Street Announces Strategic Partnership with Datacom
Rimini Street "announced a strategic partnership with Datacom, one of Australasia's largest homegrown technology services and solutions providers. The reseller agreement will see Datacom offer Rimini Support for Oracle (ORCL) and SAP (SAP) software to its public and private sector customers across Australia and New Zealand. he partnership enables Datacom to offer a compelling value proposition: clients benefit from expert support services, significant savings on their enterprise software support of up to 90% of total costs and the ability to redirect IT budget and talent towards strategic initiatives such as digital transformation, cloud migration and AI-driven projects for greater competitive advantage and growth."
Rimini Street Reduces Debt by $25.9M and Repurchases 970,566 Shares
Rimini Street announced additional, recent capital return and balance sheet optimization actions during the fiscal third quarter through August 28: The Company prepaid $5M of its term loan and has reduced term loan debt by a total of $25.9M fiscal year-to-date, reducing the outstanding balance to $43.4M. The Company repurchased 970,566 shares of its common stock at an average price of $5.16 per share for an aggregate cost of approximately $5M.
Rimini Street Appoints New COO and CDO
Rimini Street (RMNI) announced the appointment of Keith Costello as chief operating officer, COO, and Alexander Guasch as chief delivery officer, CDO. Costello previously served as president, enterprise applications, technology, consulting and engineering services at DXC Technology (DXC). Guasch formerly served in senior executive roles at HPE (HPE) and has held leadership positions at Effectual and Optiv.
Rimini Street Q2 Revenue Reaches $111.1M, Exceeds Expectations
Reports Q2 revenue $111.1M, consensus $106.8M. "Second-quarter results and four consecutive quarters of improved growth metrics demonstrate strong demand for our core Rimini Support(TM) offering, increasing adoption of our broader enterprise software services portfolio and improving sales execution," said Seth Ravin, president and CEO, Rimini Street. "Real innovation is not about installing a software vendor's next '.ai' release - it is about reducing total operating costs, improving profitability and enhancing competitive advantage. We help organizations achieve these goals by avoiding the costs and risks of unnecessary ERP Software upgrades and migrations and instead economically deploying Rimini Street's innovative Agentic AI ERP solutions 'over the top' of existing ERP Software to deliver faster, better, cheaper and more agile ERP process execution - funded within the current IT budget."
Diese Seite dient nur der Recherche und ist keine Anlageberatung. Modelle können falsch liegen. Vergangene Wertentwicklung ist kein Indikator für die Zukunft.