Rimini Street partners with American Digital to deliver IT cost savings

LAS VEGAS - Rimini Street, Inc. (NASDAQ:RMNI), a $386 million market cap technology services provider whose stock has surged over 130% in the past year, announced a strategic partnership with American Digital to provide comprehensive enterprise software support solutions for organizations using Oracle, SAP, and VMware software running on HPE infrastructure. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics.

The alliance, announced Friday, aims to help North American clients maximize their existing systems while reducing total software maintenance costs by up to 90%, according to the companies. The partnership focuses on providing support and managed services for enterprise software without requiring clients to undergo costly upgrades or migrations. With a healthy gross profit margin of 61.5% and analysts forecasting profitability this year, InvestingPro data suggests Rimini Street is well-positioned to capitalize on this expansion.

The collaboration enables organizations to integrate modern technologies such as AI, workflow automation, and digital connectivity with their current applications and databases while maintaining security and legal compliance, based on the press release statement. For deeper insights into Rimini Street’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.

Tim Dickson, Chief Digital & Information Officer at Regal Rexnord, a manufacturer of sustainable energy products, cited the partnership’s "foundation of trust, responsiveness, and shared commitment to excellence" in helping the company extend the value of its data center investments.

Seth Ravin, CEO of Rimini Street, emphasized that organizations face increasing IT costs and vendor end-of-support dates for critical systems while simultaneously needing to implement innovations like AI. "Sinking costs into endless upgrades will leave organizations behind competitors and waste limited resources," Ravin stated.

Bob Panos, President of American Digital Corporation, noted that the partnership delivers "immediate, measurable cost savings while ensuring critical applications are fully covered with flexible, tailored solutions."

Rimini Street, a Russell 2000 company, provides third-party support for Oracle, SAP, and VMware software, while American Digital specializes in custom data center solutions based on HPE infrastructure. The partnership is already serving clients including Regal Rexnord, according to the announcement.

In other recent news, Rimini Street reported impressive financial results for the second quarter of 2025, significantly surpassing earnings expectations. The company’s earnings per share reached $0.32, far exceeding the forecast of $0.08, while revenue slightly outperformed projections at $104.1 million compared to the expected $103.08 million. Additionally, Rimini Street has been approved as a supplier on the United States General Services Administration’s Multiple Award Schedule. This approval allows government agencies to procure Rimini Street’s support and security services for Oracle, SAP, and VMware software at up to 50% less than vendor maintenance fees. In another development, Suntory has expanded its partnership with Rimini Street to develop a new mobile application for its wellness division. Suntory selected Rimini Consult to build "Comado," a gamified, points-based app for its wellness members. These recent developments highlight Rimini Street’s continued growth and expansion in various sectors.

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