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Key people at Rimini Street.
Rimini Street provides third-party enterprise software support and managed services, offering an independent alternative to traditional vendor maintenance. It delivers comprehensive support for critical business applications, including daily operations, proactive maintenance, and strategic guidance, optimizing IT investments and extending software system lifespans.
Seth Ravin founded the company in 2005. His insight: businesses needed more flexible, cost-effective, responsive support for enterprise software, distinct from expensive, vendor-mandated programs. Ravin established Rimini Street to empower organizations with greater control over their IT budgets and strategic technology roadmaps.
Rimini Street serves a global clientele using complex enterprise software. Its vision enables clients to reallocate capital and resources from traditional vendor support toward innovation and strategic growth. The company aims to be a strategic partner, fostering agility and efficiency within customer IT environments.
Rimini Street is a publicly traded enterprise software support company (NASDAQ: RMNI) founded in 2005 to provide third-party support alternatives for major vendors like Oracle, SAP, IBM, Microsoft, Salesforce, and VMware, enabling clients to save up to 90% on maintenance costs without mandatory upgrades.[1][2][4][5] It serves over 5,300 Fortune 500, Fortune Global 100, midmarket, public sector, and government organizations in more than 150 countries, offering Rimini ONE—an integrated suite covering support (Rimini Support), management (Rimini Manage), security (Rimini Protect), connectivity (Rimini Connect), observability (Rimini Watch), consulting (Rimini Consult), and custom expansions.[2][4][5] The company solves the problem of vendor lock-in by delivering premium, ultra-responsive support for at least 15 years, including customizations at no extra cost, freeing up billions in savings—nearly $8 billion to date—for business transformation and AI-driven innovation like Agentic AI ERPs via its Rimini Smart Path™ process.[1][4][5]
Rimini Street was founded in September 2005 by Seth A. Ravin, its current CEO and chairman, who launched the company from Las Vegas, Nevada, with a mission to disrupt the enterprise software support industry dominated by vendors like Oracle and SAP.[1][2][3][5] Ravin, drawing from his experience designing the industry's first extended support programs for Fortune 500 clients wanting to extend mature software lifespans without upgrades, aimed to offer innovative services at over 50% savings with superior quality.[3][5] Early traction came from pioneering "firsts" like guaranteed SLAs, customization support, and long-term commitments, quickly attracting global clients and evolving into a comprehensive provider; by its 15th anniversary in 2020, it had served thousands and launched the employee-funded Rimini Street Foundation in 2015 to give back through donations and volunteering.[1][5]
Rimini Street rides the wave of vendor independence in enterprise IT, capitalizing on rising costs and complexities of ERP upgrades amid the Agentic AI era, where organizations seek to modernize legacy stacks without disruption.[4][5] Its timing aligns with market forces like escalating vendor fees, customization needs, and digital transformation demands, empowering CIOs and CFOs of large enterprises to redirect savings toward innovation—e.g., AI ERPs—while extending software lifespans.[1][4] By championing third-party support (pioneered by Rimini), it influences the ecosystem through cost efficiencies, fostering competition that pressures vendors and accelerates client agility in a multi-cloud, AI-driven landscape.[6]
Rimini Street is poised to expand its AI ERP vision via Rimini Smart Path™, targeting more midmarket and government clients amid growing anti-vendor-lock-in sentiment and AI adoption pressures.[4] Trends like Agentic AI, cybersecurity threats, and economic scrutiny on IT spend will propel demand for its cost-effective, integrated services, potentially scaling client base beyond 5,300 while maintaining profitability.[5] Its influence may evolve from support disruptor to full-stack transformation enabler, redefining enterprise software as a choice-driven market that funds innovation without vendor constraints—echoing its founding mission to deliver extraordinary value worldwide.[1][4]
Key people at Rimini Street.
