Rimini Street Selects Tokyo for 2023 $50,000 RMNI LOVE Charitable Grant Program

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that the Company has selected Tokyo to host this year’s annual $50,000 RMNI LOVE Grant Program, Rimini Street’s self-funded charitable program that provides financial contributions and promotion assistance to charities and organizations that align with the Company’s values and mission.

About the RMNI LOVE Grant Program

Rimini Street launched the inaugural RMNI LOVE Grant Program in 2022 in its hometown of Las Vegas, by granting five local charities $10,000 each. The selected charities were invited to share their stories during a special reception held at the Company’s Las Vegas office, with members of the community and Rimini Street colleagues in attendance. Highlights of the event can be found here.

Honoring the Company’s “Follow-the-Sun” model of client support, which allows for cases to always be looked after by dedicated engineers until resolved, the RMNI LOVE Grant Program set its sights towards the APAC region for 2023.

“The Company selected Tokyo as the 2023 host of the program, recognizing and celebrating Rimini Street’s rich history and continued success in Japan. With hundreds of well-established clients and a growing team of extraordinary talent, we are excited to share our RMNI LOVE with the charities who empower the communities we live and work in,” said Yorio Wakisaka, Rimini Street’s general manager of Japan.

The RMNI LOVE Grant Program is part of Rimini Street’s annual RMNI LOVE Month Program, which takes place during the month of February. Colleagues are encouraged to share their gratitude for the core values of Rimini Street, known as the 4C’s – Company, Clients, Colleagues, and Community – by sending messages of appreciation via emails, comments on the Company’s internal communication platform, and social media.

How to Apply for the RMNI LOVE Grant Program

Government-certified charities located in Tokyo 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, 2023, and will close submissions on March 10, 2023. 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 nearly 450 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 enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, over 4,900 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 application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, and connect with Rimini Street on Twitter, 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 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, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of 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 discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and economic, operational and financial impacts on our business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the pandemic; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends, including inflation, rising interest rates and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates and the industries in which our clients operate; the evolution of the enterprise software management and support landscape facing our clients and prospects and our ability to attract and retain clients and further penetrate our client base; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; adverse developments in and costs associated with defending pending litigation or any new litigation; 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 initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; 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 reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; customer adoption of our products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified employees and key personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; 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 and data protection regulations; and those discussed under the headings “Risk Factors” and “Cautionary Note About Forward-Looking Statements” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 2, 2022, 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.

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