Rimini Street provides Brazilian retailer,
Americanas, with proven processes and tools and leading SLAs to
drive operational efficiencies across SAP ECC 6, S/4HANA and RISE
platforms, enabling competitive advantage and business results
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of
end-to-end enterprise software support, products and services, the
leading third-party support provider for Oracle and SAP software,
and a Salesforce and AWS partner, today announced that Americanas
Group has selected Rimini Street and its Rimini Manage™ for SAP
service to take over governance, management, control and operation
of the 95-year-old retailer's vast, complex and evolving SAP system
landscape that spans corporate, e-commerce and logistic platforms,
and more than 1,600 stores across Brazil.
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Americanas Selects Rimini Street to Run
and Manage its SAP Landscape and Build and Operate a New SAP Center
of Excellence (Graphic: Business Wire)
“Choosing Rimini Street’s premium services is part of our
strategy to seek partners who can strengthen our environments and
allow us to increase operational efficiency and robustness, with
continuous improvements. We count on Rimini Street to undertake
relevant activities and contribute to our strategic vision and
long-term planning. This aligns with Americanas’ execution
discipline, which is part of our DNA: with clear guidelines, we
have the capacity to implement quickly,” says Sérgio Barros, CTO of
Americanas. “Partnering with Rimini Street, we can shift the focus
of our internal IT team from day-to-day governance, management and
operation of our SAP systems to developing ways to engage our
customers through new and innovative shopping experiences.”
Partnered to Improve Competitive Advantage and
Efficiency
Americanas aims to meet the consumption demands of Brazilian
families in a simple, uncomplicated way. Its sales strategy
leverages an omni-channel sales model that includes an extensive
network of physical stores spread across more than 800 cities
across the country to the Americanas app, offering a unique and
convenient experience.
“One of the key reasons we sought out Rimini Street was to
strengthen our IT processes, and ensure we are not only following
best practices, but creating long-lasting solutions that help us
achieve our goals of improved operational, competitive and
financial results,” said Barros. “For example, instead of wasting
labor, time and cost addressing recurring issues again and again,
the expert engineers of Rimini Street help us identify the root
cause of recurring issues and fix them once - permanently and
efficiently.”
Rimini Street Builds and Operates a New SAP Center of
Excellence
The Americanas IT infrastructure is powered by a robust SAP ERP,
digital commerce, advertising and financial services platform. To
support their current and future operational needs, Americanas will
require extreme agility and robustness across its entire
mission-critical SAP landscape that cover SAP ECC 6, S/4HANA and
RISE platforms.
Rimini Street is helping Americanas meet these needs and ensure
high availability of SAP system functionality with a focused,
experienced Rimini Street team who is implementing and executing
new governance across the SAP landscape with the building and
operation of a new SAP Center of Excellence (SAP CoE). This
implements new oversight governance procedures, clearer operating
strategies, optimized processes, more efficient support tools,
tightened security, process monitoring, improved quality control
and a more aggressive focus on operating cost reduction.
“Today, more than ever, retailers and other organizations are
under pressure to rethink how their current IT infrastructure meets
their current and future needs for operational flexibility and IT
labor, time and cost optimization that will enable improved
competitive and operational results,” said Edenize Maron, group
vice president, Rimini Street, Latin America. "We are proud to
partner with the iconic Americanas and, as with all our clients,
Rimini Street's mission at Americanas is to be the specialized and
vendor-agnostic IT partner focused on improved system operation and
labor, time and cost optimization. We are achieving this mission by
building and operating a new SAP CoE to oversee the operation,
optimization and changes needed to help Americanas focus on its
customers current and future desires and achieve its competitive
and business improvement goals.”
Explore the full Rimini Street portfolio of ultra-responsive,
trusted and proven support, managed services, security,
integration, observability, professional services and Rimini ONE™
end-to-end outsourcing solutions for SAP, Oracle, Salesforce and
VMware applications to support competitive advantage, profitability
and growth.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is
a global provider of end-to-end enterprise software support,
products and services, the leading third-party support provider for
Oracle and SAP software and a Salesforce and AWS partner. The
Company has operations globally and offers a comprehensive family
of unified solutions to run, manage, support, customize, configure,
connect, protect, monitor, and optimize enterprise application,
database, and technology software, and enables clients to achieve
better business outcomes, significantly reduce costs and reallocate
resources for innovation. To date, over 5,500 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 enterprise software solutions provider. To learn more,
please visit riministreet.com, and connect with Rimini Street on
Twitter, Instagram, 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 “anticipate,” “believe,” “continue,”
“could,” “currently,” “estimate,” “expect,” “future,” “intend,”
“may,” “might,” “outlook,” “plan,” “possible,” “potential,”
“predict,” “project,” “seem,” “seek,” “should,” “will,” “would” 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, adverse developments in and costs
associated with defending pending litigation or any new litigation,
including the disposition of pending motions to appeal and any new
claims; additional expenses to be incurred in order to comply with
injunctions against certain of our business practices and the
impact on future period revenue and costs; changes in the business
environment in which Rimini Street operates, including the impact
of any recessionary economic trends and changes in foreign exchange
rates, as well as general financial, economic, regulatory and
political conditions affecting the industry in which we operate and
the industries in which our clients operate; the evolution of the
enterprise software management and support landscape and our
ability to attract and retain clients and further penetrate our
client base; significant competition in the software support
services industry; customer adoption of our expanded portfolio of
products and services and products and services we expect to
introduce; our ability to sustain or achieve revenue growth or
profitability, manage our cost of revenue and accurately forecast
revenue; estimates of our total addressable market and expectations
of client savings relative to use of other providers; variability
of timing in our sales cycle; risks relating to retention rates,
including our ability to accurately predict retention rates; the
loss of one or more members of our management team; our ability to
attract and retain additional qualified personnel, including sales
personnel, and retain key personnel; challenges of managing growth
profitably; 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;
risks associated with global operations; 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 regulations; our
ability to maintain an effective system of internal control over
financial reporting; our ability to maintain, protect and enhance
our brand and intellectual property; 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
tax reserves; the impact of environmental, social and governance
(ESG) matters; 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
transition to SOFR or other interest rate benchmarks; the
sufficiency of our cash and cash equivalents to meet our liquidity
requirements; the amount and timing of repurchases, if any, under
our stock repurchase program and our ability to enhance stockholder
value through such program; uncertainty as to the long-term value
of Rimini Street’s equity securities; catastrophic events that
disrupt our business or that of our clients; and those discussed
under the heading “Risk Factors” in Rimini Street’s Quarterly
Report on Form 10-Q filed on May 2, 2024, 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.
© 2024 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240607040838/en/
Janet Ravin VP, Global Communications Rimini Street, Inc. +1 702
285-3532 pr@riministreet.com
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