December 2, 2021

Maryland Heights Residents

Crazy About Home & Real Estate

Leading South Korean Furniture Manufacturer Empowered to Focus on IT Modernization Goals After Switching to Rimini Street Support

6 min read

LAS VEGAS–(Small business WIRE)–Rimini Road, Inc. (Nasdaq: RMNI), a global service provider of business software program items and expert services, the major 3rd-celebration support supplier for Oracle and SAP application products and a Salesforce associate, currently declared that ENEX, a leading furnishings producer in South Korea, has switched to Rimini Street Guidance for its mission-significant SAP process. As a outcome of switching guidance vendors, ENEX was ready to straight away cut down its once-a-year assistance service fees and redirect its internal IT staff to target on higher value organization initiatives, which include designs to update and modernize its IT infrastructure.

Switching to Ultra-Responsive Help and Upkeep Will help Travel Electronic Transformation

Founded in 1971, ENEX is a leading kitchen area and residence inside home furnishings maker in South Korea, with both of those an on-line and offline distribution network. ENEX is the initially major brand name to introduce a present day method to personalized kitchen layout.

ENEX switched to Rimini Street based mostly on the Company’s powerful popularity for giving extremely-responsive assist, which includes assistance for all customizations, and its large normal client pleasure rating of 4.9 out of 5. (in which 5. is “excellent”). ENEX also realized that by switching support suppliers the company would be in a position to cost-free up assets – time, funds and staff – that could be redirected toward future high-worth initiatives. In addition, ENEX is now capable to keep its main SAP programs for a bare minimum of 15 a long time from the time they made the switch, no extended requiring it to employ costly and disruptive release updates or updates just to remain entirely supported by the seller.

“With the extended COVID-19 crisis, the worth of optimizing our IT functions has increased,” mentioned Yeon-soo Kang, department supervisor, Information and facts Technology Office, ENEX. “Our SAP upkeep fees ended up having up the lion’s share of our IT price range, even although an SAP software upgrade was pointless. We switched to Rimini Street to aid us increase the financial investment in our important program and the business has proved to be a strong husband or wife we can rely on to assist our existing internally deployed systems, along with our upcoming planned cloud-based IT infrastructure and modernization assignments.”

Really Personalized Help from Qualified Engineers

As with all Rimini Avenue customers, ENEX was assigned a Most important Guidance Engineer who has an regular of 20 years’ working experience performing with the client’s business software program and backed by a crew of purposeful and complex professionals. ENEX also gains from Rimini Street’s industry-foremost provider level arrangement of 10-moment response periods for all crucial Precedence 1 situations, and 15-minute reaction times for Priority 2 instances.

“IT leaders in Korea are constantly challenged to deploy important initiatives to assistance their company remodel and improve, but are usually in a predicament hoping to determine out how to fund these vital enterprise initiatives when so a great deal of their IT finances is locked up in their ERP program,” claimed Hyungwook “Kevin” Kim, regional normal supervisor, Rimini Road Korea. “By picking Rimini Road Assistance, ENEX has been able to cost-free up precious sources, choose back again the command of their IT roadmap and strategy for potential IT modernization desires that are a lot more aligned with their businesses’ objectives to support reach aggressive edge and advancement.”

About Rimini Street, Inc.

Rimini Avenue, Inc. (Nasdaq: RMNI), a Russell 2000® Enterprise, is a world-wide provider of company application products and providers, the leading 3rd-get together aid company for Oracle and SAP software products and solutions and a Salesforce spouse. The Corporation provides premium, ultra-responsive and integrated application administration and guidance companies that help company software program licensees to preserve major charges, totally free up methods for innovation and achieve superior organization outcomes. To date, additional than 4,200 Fortune 500, Fortune Global 100, midmarket, public sector and other companies from a wide range of industries have relied on Rimini Avenue as their reliable application company application products and expert services supplier. To discover more, please take a look at http://www.riministreet.com, follow @riministreet on Twitter and obtain Rimini Avenue on Facebook and LinkedIn.

Ahead-On the lookout Statements

Sure statements bundled in this communication are not historical specifics but are ahead-hunting statements for functions of the safe and sound harbor provisions beneath The Private Securities Litigation Reform Act of 1995. Ahead-searching statements usually are accompanied by words and phrases such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other very similar text, phrases or expressions. These forward-seeking statements consist of, but are not confined to, statements regarding our expectations of future gatherings, future opportunities, world growth and other progress initiatives and our investments in this sort of initiatives. These statements are primarily based on various assumptions and on the recent anticipations of administration and are not predictions of genuine general performance, nor are these statements of historical points. These statements are topic to a selection of dangers and uncertainties concerning Rimini Street’s company, and actual benefits could differ materially. These risks and uncertainties consist of, but are not constrained to, the impression of our credit facility’s ongoing financial debt company obligations and economical covenants and operational covenants on our small business and connected desire level possibility, the duration of and operational and monetary impacts on our business enterprise of the COVID-19 pandemic and similar economic impression, as perfectly as the steps taken by governmental authorities, customers or some others in reaction to the COVID-19 pandemic catastrophic gatherings that disrupt our business enterprise or that of our latest and potential consumers, alterations in the enterprise natural environment in which Rimini Avenue operates, which includes inflation and fascination premiums, and general economic, financial, regulatory and political circumstances influencing the sector in which Rimini Avenue operates adverse developments in pending litigation or in the authorities inquiry or any new litigation our will need and capacity to raise further equity or personal debt financing on favorable phrases and our skill to produce money flows from operations to enable fund greater investment decision in our advancement initiatives the sufficiency of our hard cash and income equivalents to meet up with our liquidity requirements which includes beneath our new credit facility our potential to retain an powerful method of inside manage above fiscal reporting, and our ability to remediate determined substance weaknesses in our inside controls, which includes in relation to the accounting cure of our warrants variations in taxes, guidelines and laws competitive product or service and pricing action challenges of controlling progress profitably the shopper adoption of our not too long ago launched products and solutions and services, which includes our Software Administration Companies (AMS), Rimini Road State-of-the-art Databases Security, and products and services for Salesforce Profits Cloud and Services Cloud items, in addition to other items and companies we anticipate to introduce in the in the vicinity of long term the loss of one particular or additional customers of Rimini Street’s administration team uncertainty as to the prolonged-time period worth of Rimini Street’s equity securities and people talked about below the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 4, 2021, and as current from time to time by Rimini Street’s upcoming Once-a-year Stories on Sort 10-K, Quarterly Reviews on Form 10-Q, Recent Stories on Type 8-K, and other filings by Rimini Avenue with the Securities and Trade Commission. In addition, forward-seeking statements supply Rimini Street’s anticipations, plans or forecasts of upcoming functions and sights as of the date of this interaction. Rimini Road anticipates that subsequent activities and developments will trigger Rimini Street’s assessments to change. However, though Rimini Avenue may well elect to update these ahead-searching statements at some level in the future, Rimini Road specially disclaims any obligation to do so, other than as needed by regulation. These forward-hunting statements ought to not be relied upon as symbolizing Rimini Street’s assessments as of any date subsequent to the day of this communication.

© 2021 Rimini Avenue, Inc. All legal rights reserved. “Rimini Street” is a registered trademark of Rimini Road, Inc. in the United States and other nations, and Rimini Avenue, the Rimini Street emblem, and mixtures thereof, and other marks marked by TM are emblems of Rimini Road, Inc. All other emblems stay the residence of their respective homeowners, and unless of course in any other case specified, Rimini Avenue statements no affiliation, endorsement, or association with any this sort of trademark holder or other businesses referenced herein.

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