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Rimini Street Celebrates the 10th Anniversary of its Corporate Foundation with a $100,000 RMNI LOVE Charitable Grant Giveaway

1. Rimini Street announces $100,000 grant giveaway for charity support. 2. Ten charities will receive $10,000 each, promoting community engagement. 3. Foundation celebrates ten years of global philanthropic efforts. 4. Initiative includes participation from cities worldwide where RMNI operates. 5. Company's giving program enhances brand reputation and community ties.

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FAQ

Why Bullish?

The charitable initiative could enhance community goodwill and strengthen RMNI's public image, potentially attracting more clients similar to successful past CSR initiatives.

How important is it?

This charitable program highlights RMNI's commitment to social responsibility, which could attract socially conscious clients.

Why Long Term?

Ongoing community engagement builds brand reputation over time, similar to previous charitable initiatives yielding client engagement.

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LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, the leading third-party support provider for Oracle, SAP and VMware software, today announced a $100,000 RMNI LOVE Charitable Grant Giveaway, commemorating the 10th anniversary of its self-funded philanthropic program, the Rimini Street Foundation. Registered charities in select cities across the globe, where a concentrated number of Rimini Street employees and clients are represented, are invited to apply for one of ten $10,000 grants, to be awarded throughout 2025 at various in-person gatherings. The Rimini Street Foundation: 10 Years of Giving and Growing Founded in 2015 and governed by employees representing the diverse culture of Rimini Street, the corporate foundation celebrates its milestone year, entering ten years of financial giving, in-kind donations and team volunteer events, funded 100% by the company. “The Rimini Street Foundation is a cornerstone of who we are as a company, reflecting our commitment to create equal opportunity for all,” said founder and committee chair of the Rimini Street Foundation, Janet Ravin. “Throughout the years, we’ve connected with so many wonderful organizations and new community friends, sharing hearts and building memories together in our combined efforts toward societal progress.” In 2022, the Foundation launched the first RMNI LOVE Grant Program in its hometown of Las Vegas. Honoring the company’s “Follow-the-Sun” model of client support, which ensures client cases are attended to by dedicated engineers until resolved, the program then moved to Tokyo (2023) and London (2024). Highlights of the 2022 Las Vegas ceremonies can be found here, the 2023 Tokyo event here and the 2024 London event here. Celebrating a Milestone Year with a $100,000 RMNI LOVE Grant Giveaway Now in its 10th year, the Rimini Street Foundation is announcing a special $100,000 grant giveaway, awarding ten charities with a $10,000 grant each. Government-certified charities in the following cities are invited to apply via the Rimini Street RMNI LOVE website: Denver, USA Houston, USA Kyoto, Japan Manila, Philippines Melbourne, Australia Paris, France São Paulo, Brazil Seoul, Korea Taipei, Taiwan Toronto, Canada “Selecting just ten cities out the many is difficult enough, even tougher when we have to choose from the vast number of organizations that apply for the grants each year. Each charity is so deserving, and their passion for good makes it a real challenge for our Global Steering Committee when reviewing RMNI LOVE Grant submissions,” said Emily Garczynski, core committee member of the Rimini Street Foundation. The program will accept nominations starting February 10, 2025, and will close submissions on March 9, 2025. Additional details and requirements can be found on the RMNI LOVE site, along with sections where charities can share their stories and impact on the community. “One of the best parts of the RMNI LOVE Grant Program is learning about the selfless, determined superheroes who are making a difference each and every day,” said Ravin. “We see you, we hear you and we appreciate you. Thank you from the depths of our RMNI hearts!” The Rimini Street Foundation has partnered with and supported 550 global charitable organizations to date. Learn more about Rimini Street’s award-winning philanthropic program, activities and impact at www.riministreet.com/foundation. About Rimini Street, Inc. Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn. 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 macro-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 grow our revenue, manage our cost of revenue and accurately forecast revenue; the expected impact of recent and anticipated future reductions in our workforce and associated reorganization costs; 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; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; 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, a failure by us to establish adequate tax reserves, or our ability to realize benefits from our net operating losses; 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 October 30, 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.

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