Rimini Street named to Inc. magazine's list of America's fastest-growing private companies for fifth consecutive year
Named to the Inc. 5000 with three-year sales growth of 160%.
Rimini Street, the leading independent provider of enterprise software support for SAP's (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation's (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail software, today announced that it was named to Inc. magazine's 2015 Inc. 5000 list for the fifth consecutive year. The Inc. 5000 list is an exclusive ranking of the nation's fastest-growing private companies and represents the most comprehensive look at the most important segment of the economy - America's independent entrepreneurs.
Companies are ranked according to percentage revenue growth from 2011 to 2014. Rimini Street experienced 160% growth during this time period, making it one of the fastest-growing companies in the United States.
38 consecutive quarters of growth, fuelled by market demand for premium service
Rimini Street now has more than 600 employees globally and has signed nearly 1 100 clients - including over 120 Fortune 500 and Global Fortune 100 organisations. The company has more than US$100 million in run-rate annual revenue with 38 fiscal quarters of consecutive growth. Rimini Street supports client operations in over 90 countries, with global operations in the United States, Canada, Brazil, UK, Germany, India, Israel, Australia, Japan and China.
"Rimini Street is proud to be recognised by Inc. magazine for the fifth consecutive year as a 'fastest-growing private company,'" said Seth Ravin, Rimini Street CEO. "Our growth rate continues to accelerate as more and more Oracle and SAP licensees around the world realise the benefits of a switch to Rimini Street's new class of premium service - a service that provides them with up to 90% savings in total support costs, no required upgrades for a minimum of 15 years, ultra-responsive service with less than five minute engineer response time 24x7x365 for urgent issues, and dedicated, named support resources assigned to their account."
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by 31 March 2011. They had to be US-based, privately held, for profit, and independent - not subsidiaries or divisions of other companies - as of 31 December 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100 000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.
Inc. and the Inc. 500|5000
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2 000 000 in 2010 to over 13 000 000 today. For more information, visit www.inc.com.
The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
Rimini Street is the global leader in providing independent enterprise software support services. The company has redefined enterprise support services since 2005 with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90% on total support costs. Clients can remain on their current software release without any required upgrades for at least 15 years. Over 1 000 global, Fortune 500, midmarket, and public sector organisations from a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com.
This press release may contain forward-looking statements. The words "believe", "may", "will", "estimate", "continue", "anticipate", "intend", "expect", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and are based on various assumptions. If the risks materialise or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Rimini Street assumes no obligation to update any forward-looking statements or information, which speak only as of the date of this press release.
Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright (c) 2015. All rights reserved.
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