Rimini Street, Inc.
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Rimini Street, Inc. - overview
Established
2005
Location
Las Vegas, NV, US
Primary Industry
Software
About
Based in the US, Rimini Street, Inc. specializes in enterprise software support and managed services, enhancing the longevity and value of critical business systems for clients utilizing SAP and other enterprise solutions. Rimini Street, Inc. is a software support and managed services provider formed in 2005 and headquartered in Las Vegas, US.
Founded by Janet Ravin, the company has undergone strategic advancements, including a merger with GP Investments Acquisition Corp. in October 2017 for USD 50 mn. This merger led to Rimini Street being publicly listed on the Nasdaq under the ticker "RMNI". As of August 2020, the company raised USD 27.
45 mn in a private placement, followed by an additional USD 60. 06 mn raised in March 2021. Rimini Street is a global leader in enterprise software support and managed services, focusing on extending the life and maximizing the value of mission-critical systems for businesses that utilize SAP and other enterprise software solutions. Their core offerings include comprehensive support solutions for enterprise applications, databases, and technology software, specifically targeting SAP ECC, S/4HANA, Oracle systems, VMware, Salesforce, and ServiceNow.
Rimini Street provides proactive support strategies, intelligent workflow automation, and managed services that cater to industries such as pharmaceuticals, manufacturing, and technology. The company serves a diverse client base, including over 5,900 contracts globally, enabling organizations to reduce support costs, avoid costly migrations, and gain a competitive advantage without the need for extensive system upgrades. The geographical markets for Rimini Street's offerings span North America, Europe, Asia-Pacific, and the Middle East, addressing the needs of both large enterprises and mid-sized organizations in various sectors. In 2024, Rimini Street reported a revenue of USD 428.
75 mn, with an EBITDA of USD -22. 30 mn. The company generates revenue through a subscription-based model, where clients pay for ongoing support and managed services for their enterprise software systems, ensuring high-quality maintenance and strategic guidance for their existing systems. Rimini Street emphasizes long-term relationships with clients, fostering continued partnerships that facilitate innovation and business growth.
Rimini Street plans to utilize its recent funding to expand its global market reach. The company is focused on launching new products designed to enhance service offerings, although specific release dates have not been disclosed. Its strategy includes penetrating new geographic regions, particularly targeting emerging markets in Asia and Europe. Recent funding efforts, including the USD 13.
90 mn raised, will support these expansion initiatives, ensuring the company can adapt to increasing demand and enhance its service capabilities.
Current Investors
Colbeck Capital Management, Adams Street Partners, GP Investments
Primary Industry
Software
Sub Industries
Application Integration Software, Systems Management Software
Website
www.riministreet.com
Verticals
Cloud Computing, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Rimini Street, Inc. - timeline of key events
Rimini Street, Inc. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 212,633,000 | 252,790,000 | 281,052,000 | 326,780,000 | 374,430,000 | 409,662,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 18.9% | 11.2% | 16.3% | 14.6% | 9.4% | - | - | - |
| EBITDA (USD) | (208,978) | (3,334,903) | 48,835,000 | 40,523,000 | 24,234,000 | 25,889,000 | 35,757,000 | 17,096,000 | - | - | - |
| Operating Income (USD) | (208,978) | (3,334,903) | 21,972,000 | 25,354,000 | 22,136,000 | 17,884,000 | 26,773,000 | 8,089,000 | - | - | - |
| Operating Margin | - | - | 10.3% | 10.0% | 7.9% | 5.5% | 7.2% | 2.0% | - | - | - |
| % EBITDA Margin | - | - | 23.0% | 16.0% | 8.6% | 7.9% | 9.5% | 4.2% | - | - | - |
| NET Income (USD) | (130,726) | (2,861,165) | (53,297,000) | (67,965,000) | 17,529,000 | 12,980,000 | 75,219,000 | (2,480,000) | - | - | - |
| % Net Margin | - | - | (25.1%) | (26.9%) | 6.2% | 4.0% | 20.1% | (0.6%) | - | - | - |
Rimini Street, Inc. - employee data
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