Rimini Street is an independent provider of enterprise software support for a wide range of SAP and Oracle products and databases. The company says it has more than 10 years of delivery experience and over 1,400 signed clients, including more than 130 Fortune 500 and Global 100 organizations. Rimini Street reports strong growth metrics: average annual revenue growth of 36% since 2010 (39% since 2012), an annual run-rate approaching $150 million as of fiscal Q1 ending March 31, 2016, and its 41st consecutive quarter of growth. In Q1 2016 the company reported employee count and total signed clients grew 36% and 31% year‑over‑year, respectively. Rimini Street highlights customer economics—clients can save up to 90% on total support costs, avoid required upgrades for at least 15 years, and the company says it has saved clients more than $1 billion in maintenance costs since inception. The company plans to use new capital to accelerate global growth and expand its product portfolio. Rimini Street is a Las Vegas-based enterprise software maintenance company that provides maintenance and support for enterprise applications. The company secured a $15 million funding round from Bridge Bank. Executives said the capital will be used to expand beyond the U.S. into international markets, specifically Brazil and the Asia Pacific region. The article identifies Bridge Bank as a Silicon Valley firm. The funding is presented as enabling the startup’s global expansion plans. The article does not disclose revenue, user metrics, or prior financings for Rimini Street.

Total raised

$140M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2016