LAS VEGAS-Tuesday 5 May 2020 [ AETOS Wire ]
(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 Productos Chata, a leading regional food manufacturer based in Culiacán, Sinaloa, Mexico, has switched from SAP to Rimini Street for support of its SAP ECC 6.0 system. By switching to Rimini Street Support, Productos Chata will receive the Company’s ultra-responsive, award-winning support, and realize significant savings on its annual SAP maintenance and support. With the savings achieved by switching to Rimini Street Support, Chata will invest in global export growth and new strategic business initiatives.
New IT Strategy Drives Decision to Reduce Vendor Reliance
Productos Chata has been operating for more than 50 years, producing and distributing its food products to thousands of corporate clients in Mexico, in addition to receiving wholesale orders daily. The company implemented its SAP system in 2006 to manage its global supply chain, HR and finance processes. To support the company’s business initiatives, Productos Chata was tasked with establishing a new IT strategy to maximize value across their entire IT landscape. With this new mandate, the company began exploring options to help optimize their IT infrastructure and software spend, identifying a huge savings opportunity in their SAP annual support.
“Technology directors and IT leaders in Mexico are tasked with supporting their organization’s growth strategies, improving efficiency and developing and implementing digital transformation strategies, all while reducing their overall IT costs,” said Eddy Verdugo, systems director, Productos Chata.
“We are pleased to welcome Productos Chata to our growing family of Mexican clients at Rimini Street, and we look forward to working together in the coming years as their trusted partner to support their mission-critical software,” said Edenize Maron, general manager, Latin America, Rimini Street. “Productos Chata selected Rimini Street to help accomplish its strategic IT objectives by reducing their SAP support and maintenance costs and helping them to avoid an expensive, disruptive and unnecessary move now to S/4HANA. Now Productos Chata can reinvest the savings into innovative manufacturing technology and other initiatives that create a competitive advantage to support their global growth.”
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI) 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. More than 2,000 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)
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, catastrophic events that disrupt our business, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry 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; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 16, 2020, 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.
© 2020 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005231/en/