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Main » 2023 » December » 14 » santec Leverages Rimini Consultâ„¢ to Comprehensively Restructure its SAP Systems in Support of Major Corporate Restructuring
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santec Leverages Rimini Consultâ„¢ to Comprehensively Restructure its SAP Systems in Support of Major Corporate Restructuring

5 Years of Partnership and Progress: CLAS VEGAS - Wednesday, 13. December 2023 AETOSWire Print 


Rimini Street’s professional services delivers expert guidance and delivery in the strategic split of santec operations

(BUSINESS WIRE) -- 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 santec has selected Rimini Consult™ for SAP to provide professional services and guidance for the strategic separation of the company into four corporations.

As a Rimini Support™ for SAP client since 2018, the decision to select Rimini Consult was a natural move for santec based on the strong track record of delivering extraordinary support and services year after year.

santec Selects Rimini Consult for SAP Based on Proven History of Trust and Expert Delivery Coupled with Independent, Software Vendor-Agnostic Partnership and Guidance

Based in Japan, santec is a global photonics company and a leading manufacturer of tunable lasers, optical test and measurement products, advanced optical components, and biophotonics, with a heavy focus on supplying products to the telecommunications industry.

The maturation of 5G, increasing cloud adoption, and the rise of hybrid work have driven skyrocketing use of telecommunications services, yielding significant growth for santec.

To enable greater agility and efficiency for the business, santec executives made the strategic decision to split into four separate corporate entities. With SAP deeply embedded into all areas of the business, santec’s IT team was faced with the challenge of reorganizing the deployment to support all four businesses on a strict timeline. santec weighed their options on who to partner with to complete this complex project: SAP or Rimini Street.

“Splitting a company into separate businesses is a very challenging process – and managing the IT systems through the transition is one of the hardest parts. Based on our previous experience, we knew that SAP’s professional services wouldn’t give us the help we needed, potentially jeopardizing this crucially important project,” said Shinya Hidaka, group manager, information systems group, santec Holdings Corporation.

When engaged with Rimini Street to discuss their IT needs, the contrast to SAP and other consulting providers became evident: Rimini Street provides an independent, software vendor-agnostic, comprehensive roadmap designed to benefit the client, and sees their success through to completion every step of the way. And the deep knowledge of their systems and organization as a long-time software support provider enabled Rimini Street to get to work immediately and efficiently.

“Not only did the Rimini Street team guide us through the project, they also provided education and training on how to navigate our SAP systems. This level of care is not common in the consulting industry, and is greatly appreciated by the santec IT team,” shared Hidaka.

Rimini Consult Remains Differentiated in Value and Specialization of Services

Adopted by leading companies across the globe, Rimini Consult’s suite of packaged and project-based professional services offers a wide variety of solutions for clients’ enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation and other project needs, delivered by experienced professionals.

Rimini Consult helps clients optimize, evolve, and transform Oracle, SAP, and Salesforce systems with specialized projects, including:

Cloud and database migrations

Interoperability and integration

Security strategy and hardening

Technology assessments

Roadmap and strategy

Observability and monitoring

Bespoke/custom projects

Staff and skills augmentation

Rimini Consult also provides specialized advisory services, software resources planning, development services and technology and application roadmap planning designed to help clients successfully complete digital transformation and other innovation initiatives.

“Rimini Street provides the industry’s best third-party support services for SAP, Oracle, and Salesforce. We’ve taken those capabilities further with our consulting services, leveraging the same approach as our support services with highly specialized, veteran engineering and service professionals to help customers plan and execute even the most complex projects,” said Bill Carslay, GVP, general manager, professional services, Rimini Street. “Working hand in hand with our clients, we are proud to help IT become a growth enabler and profit center for the business.”

To learn more about santec’s extraordinary experience with Rimini Consult, watch the feature video here.

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 and Salesforce 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 5,300 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 qualified employees and 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; the impact of environmental, social and governance (ESG) matters; 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; 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 November 1, 2023, 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.

© 2023 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.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231213145234/en/


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Contacts
Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
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