12/10/2017 20:17:29

Nasdaq Welcomes Rimini Street, Inc. (Nasdaq: RMNI) to the Nasdaq Stock Market

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NEW YORK, Oct. 12, 2017 (GLOBE NEWSWIRE) -- 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“Since 2005, we have passionately worked to re-invent the industry’s outdated enterprise software support model by delivering exceptional support at 50% of what the vendors charge, enabling clients to unlock significant funds – and to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

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. 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

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