Rimini Street Inc

Rimini Street has unveiled an Agentic AI ERP strategy aimed at modernizing legacy Oracle, SAP, and other enterprise systems without costly cloud migrations. The company says its addressable market has expanded from about $15 billion to $80 billion through broader software coverage and customized services. Excluding the winding-down PeopleSoft business, second-quarter revenue rose 10% year over year, annual recurring revenue increased 8%, and gross margin was nearly 61%. Rimini Street reaffirmed 4% to 6% revenue-growth guidance and 12.5% to 15.5% adjusted EBITDA margin guidance while continuing to repay debt.

Omani conglomerate Khimji Ramdas Group has selected Rimini Support for SAP, reducing its total SAP support costs by 80% and reinvesting the savings in AI-driven innovation. The company, one of Oman's largest privately held conglomerates with over 150 years of history, relies on SAP ECC 6 to support finance, supply chain, sales, and other critical operations across its diversified portfolio. Facing pressure to migrate to SAP S/4HANA, Khimji Ramdas sought a cost-effective path that would preserve its more than 700 custom codes and allow leadership to determine its IT roadmap on business priorities rather than vendor timelines. Since moving to Rimini Street, the company has experienced zero SAP downtime over four years and has been able to fund new initiatives including a Salesforce CRM program, expanded e-commerce capabilities, and development of an in-house large language model. Rimini Street also helped the group address a complex HR and payroll compliance challenge tied to Omani labor regulations, strengthening its compliance framework and helping avoid potential fines.

Rimini Street expects third quarter 2026 revenue in the range of $110 million to $112 million while reiterating its full-year 2026 outlook for revenue growth of 4% to 6% and adjusted EBITDA margins of 12.5% to 15.5%, consistent with its Rule of 20 guidance. The company reported second quarter revenue of $111.1 million, up 6.7% year-over-year, with gross margin of 60.9% and adjusted EBITDA of $10.5 million, or 9.5% of revenue. During the quarter, Rimini Street closed 14 new client transactions with over $1 million in total contract value, added 58 new logos, prepaid $10 million of debt to reduce outstanding debt to $48.4 million, and maintained a total cash balance of $123.4 million as of June 30, 2026. The company also launched Rimini Govern for AI, a new governance-as-a-service solution rounding out its end-to-end AI capabilities. Executives acknowledged some sales-force turnover and near-term cost balancing as they invest in go-to-market efforts and AI-led offerings.

Rimini Street has launched Rimini Govern for AI, a new managed service that provides centralized governance, security, and interoperability for enterprise AI agents. The service, available immediately, is delivered 24/7/365 through Rimini Street's Global Command Centers by expert AI engineers and helps organizations monitor agent activity, enforce security and compliance guardrails, measure ROI, and control operating costs. It includes root-cause analysis and remediation support, and can be fully operational in just weeks through a three-phase deployment of plan, implement, and operate. Rimini Govern for AI is part of the broader Rimini Govern suite of governance, risk, and compliance solutions, and together with Rimini Agentworks and Rimini Agentic UX, it forms an end-to-end set of services for designing, deploying, governing, and optimizing AI agent operations across mission-critical enterprise environments.

AUTOBACS SEVEN has marked a decade-long partnership with Rimini Street, using the support provider to stabilize its core SAP ECC and Oracle Database systems while freeing resources for innovation. The Japanese automotive aftermarket retailer, which operates roughly 1,300 domestic and 150 overseas stores, first switched to Rimini Support for SAP ECC 6 in 2016 and later expanded the engagement to include Oracle Database. The move delivered immediate 50% savings on annual support fees and up to 90% lower total cost of ownership, along with a 15-year guarantee on its SAP ECC 6 and Oracle Database environments. AUTOBACS SEVEN now plans to leverage Rimini Smart Path to fuel a planned doubling of its business, using the savings to attract AI specialists and fund new digital capabilities without disruptive system overhauls.

VIVERE Group, an Indonesian integrated interior and furnishing solutions provider, has selected Rimini Street to support its critical SAP ECC environment and accelerate business transformation. The company, whose core entity PT Gema Graham Sarana Tbk has been listed on the Indonesia Stock Exchange since 2002, runs SAP ECC 6 on IBM Db2 and faced the end of support for its ECC system along with a push to migrate to S/4HANA. After consulting Gartner and peers, VIVERE decided to allocate investments to innovation rather than a costly upgrade, choosing Rimini Street for immediate cost savings, expert SAP support, and the ability to modernize on top of existing systems. Head of IT Sutrisno Yao stated that Rimini Street gives the team confidence in their SAP environment while freeing internal resources to focus on process improvements and higher-value business needs. Rimini Street’s EVP and chief client officer Nancy Lyskawa noted that forward-thinking companies like VIVERE are choosing Rimini Street to create capacity for innovation.

Rimini Street announced a partnership with One New Zealand to manage and stabilize its Oracle software systems. One New Zealand, a major telecommunications company serving more than 2 million customers, chose Rimini Street based on a previous positive experience and the need to keep core systems secure while focusing on AI-driven transformation. Under the partnership, Rimini Street will provide dedicated engineering support, guaranteed fast response times, and cost savings of up to 90% compared to standard vendor support. A key win involved Rimini Street's interoperability solution allowing One New Zealand's CRM to run on modern browsers after Microsoft ended support for Internet Explorer 11, and the company also helped migrate One New Zealand's billing engine to new hardware without disruption.

One New Zealand has selected Rimini Street to support its critical Oracle systems, freeing up resources for AI-driven modernization. The telco, which serves 2 million customers across 99% of New Zealand, is using Rimini Support for Oracle to maintain its Siebel CRM, Oracle Database, and other applications without vendor-mandated upgrades. One NZ also deployed Rimini Connect for Browsers to resolve an Internet Explorer 11 end-of-support issue, enabling its CRM to run on modern browsers without code changes. CIO Adrian Albuquerque stated that the partnership has allowed his team to focus on new technologies, including a satellite service with SpaceX, and described Rimini Street as a co-innovation partner. Rimini Street guarantees up to 15-plus years of support and claims operational savings of up to 90% compared to traditional vendor support.