Rimini Street Delivers Premium SAP Support to Solar Frontier
Japan-based company achieves significant savings that help drive
digital business initiatives
LAS VEGAS–(BUSINESS WIRE)–#riministreet—Rimini
Street, Inc., (Nasdaq: RMNI), a global provider of enterprise
software products and services, and the leading third-party support
provider for Oracle and SAP software products, today announced that
Solar Frontier K.K., a leading developer and distributor of residential
and industrial CIS (copper, indium and selenium) solar panels based in
Japan, has adopted Rimini Street for support of its SAP ERP applications.
Solar Frontier moved to Rimini Street third-party support to reduce
annual SAP vendor maintenance costs, achieve business efficiencies and
help drive investments in other critical areas of the business,
including data analysis and supply chain management.
Limited Value from Vendor Annual Support Drives Switch
Solar Frontier began using SAP ECC 6.0 in 2010 when parent company Showa
Shell Sekiyu completed its SAP implementation. With only a few
customizations and minimum add-ons, Solar FrontierÔÇÖs SAP application was
stable and mature, and the frequency of support usage was low. Yet,
vendor response to issues was slow, sometimes taking several weeks.
Solar Frontier determined that the level of service and response from
SAP was not commensurate with the annual maintenance costs paid. In
addition, the company sought to achieve greater organizational
efficiencies and cost savings by integrating and streamlining its
separately managed IT infrastructure and reducing the cost to manage its
applications. In looking at options to optimize the cost of maintaining
the various application software and IT services, Solar Frontier turned
to Rimini Street.
Rimini Street Premium Support Gains Attention
Soon after initial discussions with Rimini Street, Solar Frontier began
to develop significant interest in the CompanyÔÇÖs premium support
capabilities.
ÔÇ£At first, we only looked at the cost merits of Rimini Street, but we
soon came to understand that their support quality is much better
compared to SAP, based on discussions with various clients and industry
analysts,ÔÇØ said Yasuharu Takeuchi, department manager, IT Planning &
Promotion Department, Solar Frontier K.K. ÔÇ£My interest in Rimini Street
increased and I became convinced that there was no reason not to engage
in their services. In fact, I was impressed by the fact that there was a
company providing such services.ÔÇØ
As with all Rimini Street clients, Solar Frontier has a senior-level
Primary Support Engineer (PSE) with an average of 15 yearsÔÇÖ experience
assigned to them. Rimini Street PSEs provide 24/7/365 support for all
issues, including support for customizations, with a guaranteed response
time of 15 minutes or less for Priority 1 critical cases.
Savings Lead to New Investments to Prepare for the Future
Using the savings generated by switching to Rimini Street, Solar
Frontier will drive strategic initiatives and intends to expand a wide
range of systems that will help the company prepare for the future.
ÔÇ£The judgment criteria to achieve our goals in IT investment is whether
the costs ultimately contribute to the company's performance. Regularly
reviewing our spend to determine if the investments are meaningful is
important,ÔÇØ said Mitsuyoshi Sano, IT Planning & Promotion Department,
Solar Frontier K.K. ÔÇ£We rebuilt our data analysis and sales management
systems last year, which are mainly being used by the sales department
today. We are also improving the functionality of our peripheral systems
for management and other department users, with the goal to help improve
business performance overall.ÔÇØ
In addition, Solar Frontier will optimize IT investments to strengthen
supply chain-related systems, such as the management of inventory and
logistics.
ÔÇ£Nearly all Japanese companies are now promoting digital transformation
as part of their organization's growth strategy, with cost optimization
remaining a major business opportunity,ÔÇØ said Yorio Wakisaka, general
manager ÔÇô Japan, Nihon Rimini Street. ÔÇ£Solar Frontier has succeeded in
improving many areas of its business, including operational efficiencies
and strategic investments. By looking to its next level of cost reforms
to include integration of IT infrastructure along with support services
from Rimini Street, they are now able to deploy personnel to strategic
projects and have gained flexibility and cost advantages to enable the
future road map of their core systems. This benefit can be enjoyed by
many other companies as well.ÔÇØ
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise
software products and services, and the leading third-party support
provider for Oracle and SAP software products. The Company has redefined
enterprise software support services since 2005 with an innovative,
award-winning program that enables licensees of IBM, Microsoft, Oracle,
Salesforce, SAP and other enterprise software vendors to save up to 90
percent on total support costs. Clients can remain on their current
software release without any required upgrades for a minimum of 15
years. Over 1,580 global Fortune 500, midmarket, public sector and other
organizations from a broad range of industries currently rely on Rimini
Street as their trusted, third-party support provider. To learn more,
please visit https://www.riministreet.com/,
follow @riministreet
on Twitter and find Rimini Street on Facebook
and LinkedIn.
(C-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
ÔÇ£may,ÔÇØ ÔÇ£should,ÔÇØ ÔÇ£would,ÔÇØ ÔÇ£plan,ÔÇØ ÔÇ£intend,ÔÇØ ÔÇ£anticipate,ÔÇØ ÔÇ£believe,ÔÇØ
ÔÇ£estimate,ÔÇØ ÔÇ£predict,ÔÇØ ÔÇ£potential,ÔÇØ ÔÇ£seem,ÔÇØ ÔÇ£seek,ÔÇØ ÔÇ£continue,ÔÇØ
ÔÇ£future,ÔÇØ ÔÇ£will,ÔÇØ ÔÇ£expect,ÔÇØ ÔÇ£outlookÔÇØ or other similar words, phrases or
expressions. These forward-looking statements include, but are not
limited to, statements regarding our second quarter and annual 2018
revenue guidance, industry, future events, future opportunities and
growth initiatives, hiring plans, estimates of Rimini StreetÔÇÖs total
addressable market, and projections of customer savings. 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 StreetÔÇÖs business, and actual results may differ materially.
These risks and uncertainties include, but are not limited to, 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 litigation developments or government
inquiry; the final amount and timing of any refunds from Oracle related
to our litigation; our ability to refinance existing debt on favorable
terms; changes in taxes, laws and regulations; competitive product and
pricing activity; difficulties of managing growth profitably; the
success of our recently introduced products and services, including
Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced
Database Security, and services for Salesforce Sales Cloud and Service
Cloud products; the loss of one or more members of Rimini StreetÔÇÖs
management team; uncertainty as to the long-term value of RMNI common
stock; and those discussed under the heading ÔÇ£Risk FactorsÔÇØ in Rimini
StreetÔÇÖs Annual Report on Form 10-K filed on March 15, 2018, as updated
from time to time by Rimini StreetÔÇÖs Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K, and other filings by Rimini Street with the
Securities and Exchange Commission. There may be additional risks that
Rimini Street presently knows or that Rimini Street currently believes
are immaterial that could also cause actual results to differ from those
contained in the forward-looking statements. In addition,
forward-looking statements provide Rimini StreetÔÇÖs 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 StreetÔÇÖs 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 StreetÔÇÖs
assessments as of any date subsequent to the date of this communication.
┬® 2018 Rimini Street, Inc. All rights reserved. ÔÇ£Rimini StreetÔÇØ 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.
Contacts
Rimini Street, Inc.
Michelle McGlocklin, +1 925-523-8414
[email protected]