Company appoints new EMEA General Manager,
launches new French subsidiary, hires staff and opens new office in
Paris
Rimini Street, Inc., (Nasdaq: RMNI), a global provider of
enterprise software products and services, and the leading
third-party support provider for Oracle and SAP software products,
today announced the appointment of industry leader Marc Chesover as
general manager of Europe, the Middle East and Africa (EMEA). The
Company also announced the launch of its French subsidiary, hiring
of new staff and opening of its new office in Paris, France.
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Rimini Street Expands Investment and
Operations in Europe (Photo: Business Wire)
Enterprise Software Veteran Leads EMEA Operations
Rimini Street’s new general manager, Marc Chesover, will lead
the Company’s sales and service delivery operations across EMEA,
and the next phase of growth in the region. Chesover has over
twenty years of experience leading sales and operations in the
technology industry, and brings a proven track record conducting
operational and strategic leadership, driving revenue, and leading
customer engagement. Prior to joining Rimini Street, Chesover held
leadership positions at SAP, HCL Technologies, and PROS Holdings,
Inc. During his tenure at SAP, Chesover was the global vice
president of Mobility Sales & Solutions and a member of the
Platform & Solutions Group global leadership team.
Additionally, Chesover held management positions at Indus (acquired
by ABB) and MRO Software (acquired by IBM). Preceding his career in
the software industry, Chesover spent seven years working in field
operations within a UK government agency.
“The opportunity for Rimini Street’s premium level service we
believe is high across the region, as increasingly CIOs are
challenged with ‘doing more with less’ while at the same time being
asked to support their organizations growth through new digital
initiatives,” said Marc Chesover, general manager, Rimini Street
EMEA. “I have personally observed Rimini Street disrupt the status
quo in the enterprise software industry while expanding their
global footprint. I look forward to helping new and existing Rimini
Street EMEA clients optimize their current systems, expand their
capabilities and obtain significant benefit from our award-winning
client support.”
Launch of Operations in France
Rimini Street launched its new French subsidiary, Rimini Street
SAS, hired staff and opened its new office in Paris to meet the
growing demand for its premium, high-quality support and services
in France. Rimini Street already supports over 90 organizations
with operations in France, including local brands Bodet, CGG,
Eutelsat, Laboratoires Servier, Schiever and Vinci Energies.
According to a recent Gartner report, “Per surveyed CIOs,
France’s average IT budget growth rate is on par with EMEA’s at 1.4
percent, but less than the global average of 2.2 percent.”1
Furthermore, Gartner noted, “Based on the survey results, French
CIOs are directing proportionately less of their new/discretionary
spending to ERP. If we use a natural ecosystem analogy, survival of
the fittest here (that is, the most adaptable) is about focusing
energy toward new competitive capabilities by constantly making
existing capabilities more efficient.”2
In line with Gartner’s recommendations, Rimini Street enables
organizations to not only run their current ERP releases for a
minimum of 15 additional years, but also save up to 90 percent on
their total annual maintenance costs. CIOs are challenged with
demonstrating how the IT department can bring value to the business
overall and help progress the organizations’ digital transformation
initiatives. Rimini Street works with CIOs to help them obtain the
wider breadth of support services they need, take control of their
software roadmap and investment and strategically optimize cost
across their enterprise software portfolio.
“With Rimini Street support we get the whole package –
ultra-responsive service at a reasonable price, the ability to
upgrade if and when it makes sense for us, and a named experienced
engineer who is available 24x7,” said Julien Viala, director of IT
infrastructure, Vinci Energies. “The difference between what our
support used to look like and what we now have is night and
day.”
“We continue to see increasing demand for Rimini Street’s
unique, premium-level enterprise software support services across
the EMEA region, including France,” said Seth A. Ravin, Rimini
Street CEO. “We are pleased to have an experienced enterprise
software industry leader like Marc join the team and lead our next
phase of growth across EMEA. Additionally, our new French
subsidiary, staff and Paris office will better position us
logistically to sell to and service clients with operations in
France.”
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of
enterprise software support products and services, and the leading
third-party support provider for Oracle and SAP software products.
The company has redefined enterprise software support services
since 2005 with an innovative, award-winning program that enables
licensees of IBM, Microsoft, Oracle, SAP and other enterprise
software vendors to save up to 90 percent on total support costs.
Clients can remain on their current software release without any
required upgrades for a minimum of 15 years. Over 1,330 global
Fortune 500, midmarket, public sector and other organizations from
a broad range of industries currently rely on Rimini Street as
their trusted, third-party support provider. To learn more, please
visit http://www.riministreet.com, follow @riministreet on Twitter
and find Rimini Street on 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 “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 industry, future events, as well as
expected management, the estimated or anticipated future results
and benefits of Rimini Street following the transaction, including
the expected post-transaction ownership and cash and debt balances,
future opportunities, estimates of Rimini Street’s total
addressable market, and projections of customer savings. 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
litigation developments; inability to refinance existing debt on
favorable terms; changes in taxes, governmental laws, and
regulations; competitive product and pricing activity; difficulties
of managing growth profitably; the loss of one or more members of
GPIAC’s or Rimini Street’s management team; failure to realize the
anticipated benefits of the transaction, including difficulty in
integrating the businesses of GPIAC and Rimini Street; uncertainty
as to the long-term value of RMNI common stock; the inability to
realize the expected amount and timing of cost savings and
operating synergies; those discussed in GPIAC’s Annual Report on
Form 10-K for the year ended December 31, 2016 under the heading
“Risk Factors,” as updated from time to time by GPIAC’s Quarterly
Reports on Form 10-Q and other documents of GPIAC on file with the
Securities and Exchange Commission (“SEC”) or in the joint proxy
statement/prospectus filed with the SEC by GPIAC. There may be
additional risks that Rimini Street presently knows or that Rimini
Street currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. 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. 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.
© 2017 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.
1,2 Gartner, Inc., “2017 CIO Agenda: A France Perspective.”
February 9, 2017.
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version on businesswire.com: http://www.businesswire.com/news/home/20171018006654/en/
Rimini Street, Inc.Michelle McGlocklin, +1
925-264-6579mmcglocklin@riministreet.com
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