Domo signs strategic collaboration agreement with AWS for AI solutions
LAS VEGAS - Suntory, a global manufacturer of beverages and food products, has expanded its partnership with Rimini Street, Inc. (NASDAQ:RMNI), a $370 million market cap technology services provider with annual revenue of $427 million, to develop a new mobile application for its wellness division, according to a press release issued Wednesday.
The company selected Rimini Consult to build "Comado," a gamified, points-based mobile application for Suntory Wellness members, leveraging its existing Oracle systems. Suntory had previously engaged Rimini Street in 2021 for support services for its Oracle Database, Oracle Technology, and Hyperion products.
"With the great history of success on the support side of the relationship, we were confident they would be able to help us launch this strategic project without adding unnecessary cost or delay," said Takuro Yamashita, assistant manager at Suntory Systems Technology, the IT department for Suntory Group.
The project faced tight deadlines, with Suntory’s board requesting completion within four months while the company’s IT team was already committed to other priority initiatives. Rimini Street provided the technical expertise and resources needed to create new development and QA environments while maintaining a stable Oracle platform.
"Most consulting firms tell you their timeframe. Rimini Street asked us for ours," Yamashita noted in the statement.
Suntory’s decision to switch from Oracle’s vendor support to Rimini Street in 2021 reportedly resulted in cost savings of 50%. The company stated this allowed its IT team to shift focus from system maintenance to higher-value projects. This strategic shift appears to be paying off for Rimini Street, which maintains a healthy gross margin of 61.5% and has delivered an impressive 130% return to investors over the past year, according to InvestingPro data.Want deeper insights? InvestingPro analysis suggests RMNI is currently undervalued, with additional ProTips available covering growth prospects and financial health metrics.
The wellness application development is part of Suntory’s strategic expansion in the health industry, according to the press release. With analysts expecting net income growth this year and a return to profitability, as revealed by InvestingPro’s comprehensive analysis, Rimini Street appears well-positioned to capitalize on such strategic partnerships.
In other recent news, Rimini Street Inc. reported its financial results for the second quarter of 2025, surpassing earnings expectations with a significant surprise. The company’s earnings per share were reported at $0.32, dramatically exceeding the forecast of $0.08. Revenue also slightly beat projections, totaling $104.1 million compared to the anticipated $103.08 million. These results mark a positive development for Rimini Street, showcasing stronger-than-expected financial performance. Despite the impressive earnings results, the stock experienced a slight decline in aftermarket trading. Analysts had forecasted lower earnings, making this outcome noteworthy for investors. These recent developments highlight Rimini Street’s ability to exceed market expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.