By Freya Purnell
Independent software support provider Rimini Street has achieved increased third quarter revenues of $22.4 million, representing an increase of 42 per cent year over year.
In its preliminary results, the company has also reported its total number of signed support clients to date has increased 28 per cent to 890, including nearly 100 Fortune 500 and Fortune Global 100 clients.
Rimini Street provides support for SAP AG’s Business Suite and BusinessObjects software.
“Our performance for the fiscal third quarter set a new record in net revenues, exceeded our new client sales plan and included many notable achievements,” said Seth Ravin, CEO, Rimini Street.
“Rimini Street remains focused on ensuring our clients around the world get the maximum return on their existing SAP and Oracle investments with no required upgrades for a minimum of 15 years, enjoy premium support features and save up to 90 per cent on annual support costs.”
Among the company’s achievements during the third quarter was the signing of its largest client support contract, the signing of the first US state to switch to Rimini Street support, expanded EMEA and APAC coverage, and the delivery of more than 80,000 global tax, legal and regulatory updates across more than 70 countries.
