LAS VEGAS - Thursday, 15. February 2024
Company’s self-funded charitable program invites certified charities in London to apply for one of five £10,000 grants
(BUSINESS
WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of
end-to-end enterprise software support, products and services, the
leading third-party support provider for Oracle and SAP software, and a
Salesforce and AWS partner, today announced that it has selected London
to host this year’s annual £50,000 RMNI LOVE Grant Program, Rimini
Street’s self-funded charitable program that provides financial
contributions, in-kind donations and employee volunteer hours to
non-profit organizations that align with the Foundation's mission to
“leave the world a better place than the way we found it.”
About the RMNI LOVE Grant Program
Rimini
Street launched the inaugural RMNI LOVE Grant Program in 2022 in its
hometown of Las Vegas, granting five local charities $10,000 each. In
2023, the program moved to Tokyo, where five charities from the region
were selected, each receiving the equivalent of $10,000 to further their
work in the community. In Las Vegas and Tokyo, representatives of the
charities were invited to share their stories at a Rimini Street-hosted
event with members of the community and Rimini Street colleagues in
attendance. Highlights of the 2022 Las Vegas celebration can be found
here, and the 2023 Tokyo event here.
Honoring the company’s
“Follow-the-Sun” model of client support, which allows for attention to
client cases by dedicated engineers until resolved, the RMNI LOVE Grant
Program set its sights towards the EMEA region for 2024.
"Selecting
London as the 2024 program host is a celebration of Rimini Street's
strong commitment and achievements in the UK and the wider EMEA region.
With a growing number of clients and our team of extraordinarily
talented individuals, we are delighted to collaborate with charities
that empower the communities and make a lasting difference,” said Janet
Ravin, VP of brand, content and communications at Rimini Street and
committee chair of the Rimini Foundation.
How to Apply for the RMNI LOVE Grant Program
Government-certified
charities in London and nearby regions are invited to apply for one of
five £10,000 grants via the Rimini Street RMNI LOVE website. Additional
details and requirements can be found on the page, along with sections
where charities can share their stories and impact on the community.
The
program will accept nominations starting February 15, 2024, and will
close submissions on March 31, 2024. All submissions will be reviewed,
vetted, and voted on by the Global Steering Committee of Rimini Street’s
charitable program, the Rimini Street Foundation, representing the
diverse culture and background of the Company’s workforce.
The
Rimini Street Foundation has partnered with and supported over 500
global charitable organizations. Learn more about Rimini Street’s
award-winning philanthropic program, activities, and impact at
www.riministreet.com/foundation.
About Rimini Street, Inc.
Rimini
Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global
provider of end-to-end enterprise software support, products and
services, the leading third-party support provider for Oracle and SAP
software and a Salesforce and AWS partner. The Company has operations
globally and offers a comprehensive family of unified solutions to run,
manage, support, customize, configure, connect, protect, monitor, and
optimize enterprise application, database, and technology software, and
enables clients to achieve better business outcomes, significantly
reduce costs and reallocate resources for innovation. To date, over
5,300 Fortune 500, Fortune Global 100, midmarket, public sector, and
other organizations from a broad range of industries have relied on
Rimini Street as their trusted enterprise software solutions provider.
To learn more, please visit riministreet.com, and connect with Rimini
Street on Twitter, Instagram, 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
“anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,”
“expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,”
“possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,”
“will,” “would” 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, adverse
developments in and costs associated with defending pending litigation
or any new litigation, including the disposition of pending motions to
appeal and any new claims; additional expenses to be incurred in order
to comply with injunctions against certain of our business practices and
the impact on future period revenue and costs; changes in the business
environment in which Rimini Street operates, including the impact of any
recessionary economic trends and changes in foreign exchange rates, as
well as general financial, economic, regulatory and political conditions
affecting the industry in which we operate and the industries in which
our clients operate; the evolution of the enterprise software management
and support landscape and our ability to attract and retain clients and
further penetrate our client base; significant competition in the
software support services industry; customer adoption of our expanded
portfolio of products and services and products and services we expect
to introduce; our ability to sustain or achieve revenue growth or
profitability, manage our cost of revenue and accurately forecast
revenue; estimates of our total addressable market and expectations of
client savings relative to use of other providers; variability of timing
in our sales cycle; risks relating to retention rates, including our
ability to accurately predict retention rates; the loss of one or more
members of our management team; our ability to attract and retain
qualified employees and key personnel; challenges of managing growth
profitably; 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; the impact
of environmental, social and governance (ESG) matters; risks associated
with global operations; our ability to prevent unauthorized access to
our information technology systems and other cybersecurity threats,
protect the confidential information of our employees and clients and
comply with privacy regulations; our ability to maintain an effective
system of internal control over financial reporting; our ability to
maintain, protect and enhance our brand and intellectual property;
changes in laws and regulations, including changes in tax laws or
unfavorable outcomes of tax positions we take, or a failure by us to
establish adequate tax reserves; our credit facility’s ongoing debt
service obligations and financial and operational covenants on our
business and related interest rate risk, including uncertainty from the
transition to SOFR or other interest rate benchmarks; the sufficiency of
our cash and cash equivalents to meet our liquidity requirements; the
amount and timing of repurchases, if any, under our stock repurchase
program and our ability to enhance stockholder value through such
program; uncertainty as to the long-term value of Rimini Street’s equity
securities; catastrophic events that disrupt our business or that of
our clients; and those discussed under the heading “Risk Factors” in
Rimini Street’s Quarterly Report on Form 10-Q filed on November 1, 2023,
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.
© 2024 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.
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Contacts
Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com
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