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Investing.com -- Rimini Street Inc (NASDAQ:RMNI) stock rose 3.2% after the enterprise software support provider announced it has been approved as a supplier on the United States General Services Administration’s (GSA) Multiple Award Schedule.
The GSA contract approval allows federal, state, local and tribal government agencies to more easily access Rimini Street’s support and security services for Oracle, SAP and VMware software. According to the company, these services are offered at up to a 50% discount compared to software vendors’ annual maintenance fees.
Rimini Street’s inclusion on the GSA expedites government agencies’ ability to switch from vendor support to the company’s comprehensive support services. The company claims to have helped clients save nearly $10 billion to date, which has been used for direct cost savings and funding new technology investments.
"Government agencies are on a mission to modernize IT, maximize labor productivity and reduce costs. Rimini Street has a strong track record of partnering with government agencies all over the world and across the U.S., including national security and military clients, to achieve this mission," said Seth Ravin, CEO of Rimini Street.
The company’s support services include coverage for application customizations at no additional charge and guaranteed full support for current software releases for up to 15 additional years from signing. Rimini Street also provides a guaranteed 10-minute engineer response time and four-hour resolution time for critical cases, available 24/7/365.
With over 1,000 global engineers, Rimini Street positions itself as an extension of clients’ IT teams, helping to protect system uptime and ensure optimal software performance.
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