SIFLEX Switches to Rimini Street Support for Its SAP Application
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that SIFLEX, a leading global printed circuit board (PCB) manufacturer headquartered in South Korea, has switched its SAP ERP support to Rimini Street from the vendor. By making the switch, SIFLEX was able to reduce its maintenance fees by 50% and can now maximize its current, stable and robust ERP ECC 5.0 system for a minimum of 15 years from the time the company transitioned to Rimini Street support. SIFLEX was also able to free up internal IT personnel to focus on more pressing initiatives within the organization.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180423006227/en/
Leading Korean manufacturer of printed circuit boards, SIFLEX, Switches to Rimini Street Support for its SAP Application (Photo: Business Wire)
Seeking Alternative to High Cost, Low Quality Vendor Support
To improve productivity and better optimize IT costs, SIFLEX began exploring options in two areas: finding alternatives to free up its IT staff to focus on more strategic, growth-related projects within the business, and exploring options for reducing the cost of its SAP ERP maintenance. In addition, SIFLEX was looking for a higher quality of service from what they had been receiving from the software vendor and wanted to reduce its dependency on SAP overall. After researching viable alternatives for both liberating its internal resources and reducing the cost of its SAP software support, SIFLEX identified third-party enterprise software support as a credible and strategic solution, and selected Rimini Street as the best option for its needs.
“There is a common predicament in Korea, where CIOs and IT leaders are tasked with the challenge to reduce overall cost across their IT landscape, and at the same time improve efficiency, support their organization’s growth strategy, and execute digital transformation projects,” said Tae-joon Park, manager of the Management Information Team at SIFLEX. “SIFLEX had the same predicament and when we evaluated our entire IT cost structure to find savings opportunities, the annual spend on our SAP maintenance stood out as a large proportion of our overall IT spend, yet we were receiving subpar service, far below our expectations in return. When we spoke to Rimini Street clients we realized that we would be in good company amongst other CIOs who had made the decision to switch, and who are reaping the benefits of that strategic decision – not only in terms of the cost savings, but in liberating their resources and budget to enable their digital transformation initiatives.”
Expert Engineers with an Average of 15 Years’ Experience
Rimini Street’s third-party support includes support for an organizations’ software customizations, which are not supported as part of SAP’s annual support program. According to Rimini Street data from nearly 2,000 clients signed to date, 85% of all critical Priority 1 cases are related to a company’s customization to the software. Traditional software vendor support explicitly excludes support for software customizations, forcing customers to self-support their own customizations or outsourcing this support to an external consultant – adding to the overall IT spend and draining internal resources.
When considering support alternatives, SIFLEX wanted immediate access to expert engineers who would quickly respond to any issues that arose and provide a timely resolution. As with all Rimini Street clients, SIFLEX was assigned a primary support engineer (PSE) with an average of 15 years’ experience with SAP software, and the company now enjoys a premium level of service compared to the call-center level support model provided by SAP. Rimini Street has nearly 450 PSE’s around the world, who provide support 24/7 365 days a year, and a guaranteed service level agreement of 15 minutes response time for all critical cases.
“The biggest service advantage we found moving to Rimini Street support was the fact that we could speak directly to our assigned support engineer. Previously when I would raise a support ticket with the software vendor, there was no clarity as to whom was actually handling our support request and our issues were never resolved to our satisfaction. However, with Rimini Street, their engineers collaborate with each other under the leadership of our PSE until the problem is solved. In the past, when I worked with SAP, I did not experience this collaborative, team-oriented approach. Rimini Street is the first company I have ever worked with where the entire organization strives to help its clients’ succeed,” continued Park.
“There is increasing pressure on CIOs from companies of all sizes, industries and regions to cut their overall IT cost, and concurrently invest significant budget into growth initiatives for their organization. In the manufacturing industry in particular, where there is fierce competition, companies have to maintain what is already a tight profit margin and adjust to new processes and faster manufacturing schedules,” said Hyungwook “Kevin” Kim, country manager, South Korea, Rimini Street. “By switching to Rimini Street’s award-winning support, SIFLEX was able to unlock significant resources in both time and money for IT transformation projects. As with all of our clients, SIFLEX receives Rimini Street’s market leading, ultra-responsive support for their mission-critical system for at least 15 years from the date they switched to Rimini Street.”
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products. The company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, SAP and other enterprise software vendors to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,560 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)
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 “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our first quarter and annual 2018 revenue guidance, industry, future events, future opportunities and growth initiatives, estimates of Rimini Street’s total addressable market, and projections of customer savings. 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, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse litigation developments or government inquiry; the final amount and timing of any refunds from Oracle related to our litigation; our ability to refinance existing debt on favorable terms; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of RMNI common stock; and those discussed in Rimini Street’s Annual Report on Form 10-K filed on March 15, 2018 under the heading “Risk Factors,” as updated from time to time by Rimini Street’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. There may be additional risks that Rimini Street presently knows or that Rimini Street currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. 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. 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.
© 2018 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.
Rimini Street, Inc.
Michelle McGlocklin, +1 925-523-8414
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Samsung Bioepis Announces Results of Additional One-Year Follow-Up Study Comparing Event-Free Survival of SB3 Trastuzumab Biosimilar Candidate to Reference Trastuzumab by ADCC Activity8.12.2018 14:10 | Pressemelding
Samsung Bioepis Co., Ltd. today announced the results of an additional one-year follow-up study comparing event-free survival (EFS) of SB3, a biosimilar candidate referencing HERCEPTIN® 1 (trastuzumab), to reference trastuzumab (TRZ) by antibody-dependent cell-mediated cytotoxicity (ADCC) activity. ADCC is a key mechanism of action for trastuzumab. The study results are being presented at the 2018 San Antonio Breast Cancer Symposium® (SABCS) which is being held December 4-8, 2018 in San Antonio, Texas. For the study, patients with HER2 positive early or locally advanced breast cancer were randomly assigned to receive SB3 or TRZ concurrently with chemotherapy. Patients then underwent surgery followed by treatment with SB3 or TRZ. Following completion of such therapy, 367 patients participated in a long-term follow-up study, 186 of whom were treated with SB3 and 181 of whom were treated with TRZ. Within the group of 181 patients who received TRZ, 126 patients who were exposed to at least
Harvest Health & Recreation, Inc. to hold Conference Call to Discuss Q3 2018 Results and Performance Outlook7.12.2018 19:00 | Pressemelding
Harvest Health & Recreation, Inc. (HARV: CSE) will hold its Third Quarter 2018 earnings conference call on: Tuesday, December 11, 2018 8:30 AM (Eastern Time) Participating on the call to review Harvest Health & Recreation’s Third Quarter 2018 financial and operating results will be Jason Vedadi, Executive Chairman, Steve White, Chief Executive Officer, and Steve Gutterman, President. Third quarter results are available at www.harvestinc.com/news. To participate in the conference call, please dial: US toll free +1-866-777-2509 Canada toll free +1-866-605-3852 UK toll free +44-080-823-89064 International dial in +1-412-317-5413 Registration is required; please dial in at least ten minutes prior to the scheduled start time. Webcast: https://services.choruscall.com/links/harv181211.html The conference call will be available for replay for 3 months at: https://services.choruscall.com/links/harv181211.html. About Harvest Health & Recreation, Inc. Harvest Health & Recreation, Inc. is one of t
David Hall Wows Industry with New Technology Solution for Space Exploration7.12.2018 14:01 | Pressemelding
David Hall is one of history’s rare technological visionaries with the imagination and technical wherewithal to recognize a problem, conceive a solution, and then build something that works. On December 6 at the U.S. Chamber of Commerce’s event, LAUNCH: Industry Taking Off, David Hall presented his world-changing solution to a longstanding problem: how to carry materials and people into space safely, reliably, and efficiently. The audience of industry, military, and policy representatives heard from Hall as well as keynote remarks from Secretary of the Air Force, Heather Wilson; NASA Administrator, Jim Bridenstine; Under Secretary of Defense for Research and Engineering, Michael Griffin; NOAA Deputy Administrator, Dr. Neil Jacobs; and Commerce Secretary, Wilbur Ross. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181207005226/en/ Velodyne Lidar, Inc. Founder and CEO David Hall (Photo: Business Wire) Hall’s proposal involves
Raj Subramaniam Named as FedEx Express President and CEO7.12.2018 14:00 | Pressemelding
FedEx Corp. (NYSE:FDX) announced today that David L. Cunningham, president and chief executive officer of FedEx Express, will retire effective December 31, 2018. Raj Subramaniam, currently executive vice president, chief marketing and communications officer of FedEx Corporation, will succeed Cunningham effective January 1, 2019. Cunningham began his FedEx career in 1982 in operations at the FedEx Express World Hub in Memphis, Tenn. Over his more than 36-year career, David held numerous leadership positions across the FedEx Express operating company in multiple regions, including chief operating officer and president - international, FedEx Express Asia Pacific chief financial officer, and regional president of the Asia Pacific region. Most recently as president and CEO of FedEx Express, David has been responsible for the leadership and direction of the FedEx Express group, which includes FedEx Express and TNT. Subramaniam has been with FedEx for more than 27 years and has held various e
CORRECTING and REPLACING The Dedica Anthology Completes Its Planned Refinancing7.12.2018 11:43 | Pressemelding
The first sentence of the release should read: Milan-based hotel group The Dedica Anthology is pleased to announce that it successfully completed its planned €337 million refinancing. (instead of Milan-based hotel group The Dedica Anthology is pleased to announce that today it successfully completed its planned €337 million refinancing). The corrected release reads: THE DEDICA ANTHOLOGY COMPLETES ITS PLANNED REFINANCING Milan-based hotel group The Dedica Anthology is pleased to announce that it successfully completed its planned €337 million refinancing. The lender is Blackstone Real Estate Debt Strategies, and the facilities will refinance legacy loans and provide additional capital for The Dedica Anthology – owned by global alternative investment firm Värde Partners – to invest significantly in its estate. London-based real estate specialist JLL advised Värde Partners on the transaction. Stephen Alden, CEO of The Dedica Anthology, commented: “We are delighted to have completed this c
The Dedica Anthology Completes Its Planned Refinancing7.12.2018 10:48 | Pressemelding
Milan-based hotel group The Dedica Anthology is pleased to announce that today it successfully completed its planned €337 million refinancing. The lender is Blackstone Real Estate Debt Strategies, and the facilities will refinance legacy loans and provide additional capital for The Dedica Anthology – owned by global alternative investment firm Värde Partners – to invest significantly in its estate. London-based real estate specialist JLL advised Värde Partners on the transaction. Stephen Alden, CEO of The Dedica Anthology, commented: “We are delighted to have completed this complex refinancing. Our own team, the board, our advisors and the lending group have worked hard in collaboration to achieve this excellent result. Our focus is now fully on building The Dedica Anthology brand, carrying out strategic renovation and restoration work on our distinctive properties, strengthening our team and growing our business.” Alessandro Grassivaro, CFO of The Dedica Anthology, added, “Dedica now