Nasdaq Welcomes Rimini Street, Inc. (Nasdaq: RMNI) to the Nasdaq Stock Market
October 12 2017 - 3:17PM
Rimini Street, Inc. (Nasdaq:RMNI), a global provider of enterprise
software products and services, and the leading independent support
provider for Oracle and SAP software products, yesterday began
trading on The Nasdaq Stock Market under the “RMNI” ticker.
Rimini Street is the leading third-party support provider of
enterprise software support, based on the number of clients
supported. The Company has redefined enterprise support services,
replacing the vendors support model with an innovative,
award-winning program that enables licenses of IBM, Microsoft,
Oracle, SAP and other enterprise software vendors to save up to 90
percent on total support costs. The Company provides support for
1,330 organizations worldwide, including more than 85 of the
Fortune 500 and Global 100.
“Since 2005, we have passionately worked to re-invent the
industry’s outdated enterprise software support model by delivering
exceptional support at 50% of what the vendors charge, enabling
clients to unlock significant funds – and to date we have saved our
clients more than $2 billion,” said Seth A. Ravin, Rimini Street
CEO. “[Today] marks a significant milestone in our journey – moving
forward as a public company on Nasdaq better positions us to bring
additional value to our clients and further capitalize on the $160
billion global addressable market for software maintenance and
support.”
“Rimini Street was founded on the basis of disruption and
transformation,” said Nelson Griggs, President of the Nasdaq Stock
Exchange, “They have spent the last 12 years climbing to a
leadership position through a commitment to exceptional client
service and a focus on innovation that is manifested in their
proprietary knowledge, software tools and processes.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq.
Neither Nasdaq nor any of its affiliates makes any recommendation
to buy or sell any security or any representation about the
financial condition of any company. Statements regarding
Nasdaq-listed companies are not guarantees of future performance.
Actual results may differ materially from those expressed or
implied. Past performance is not indicative of future results.
Investors should undertake their own due diligence and carefully
evaluate companies before investing. ADVICE FROM A SECURITIES
PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
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Nasdaq enables customers to plan, optimize and execute their
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Nasdaq is home to approximately 3,900 total listings with a market
value of approximately $12 trillion. To learn more, visit:
http://business.nasdaq.com
MEDIA RELATIONS CONTACT:
- Stephanie Lowenthal
- (646) 441-5073
- Stephanie.Lowenthal@nasdaq.com
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- Emily Pan
- (646) 441-5120
- emily.pan@nasdaq.com
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