• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Rimini Street Gets Equity Investment from Adams Street

    July 21, 2009 Alex Woodie

    Rimini Street, a third-party provider of software maintenance and support for JD Edwards and other enterprise software packages, last week announced that it has sold a portion of the rapidly growing company to Adams Street Partners, a private equity firm with nearly $20 billion under management. Rimini says it will use the money to expand in Europe, Latin America, and Asia.

    Las Vegas-based Rimini Street says business has been booming lately. While the global recession has punished enterprise software companies by putting the kibosh on new ERP projects, the gloomy financial outlook has actually been a boon for third-party maintenance firms like Rimini, which charge a fraction of what ERP vendors charge for tax and regulatory updates and basic support services.

    Rimini says its revenue quadrupled over the first six months of 2009 (a claim for which we can only take Rimini’s word, as the company is privately held and not required to disclose truthful financial figures). During that time, the company says it has expanded its workforce in the United States by almost 25 percent and opened its first offices overseas. It also began offering support for SAP software installations, in addition to previously supported Oracle products, including JD Edwards (World and EnterpriseOne), PeopleSoft Enterprise, and Siebel CRM.

    Now, to foster the type of growth overseas that it’s experienced in the U.S., Rimini is tapping the ample reserves of Adams Street to fund its international expansion. Adams Street is a private equity firm with headquarters in Chicago, Illinois; Menlo Park, California; London; and Singapore. The company has been investing in companies in a variety of ways (direct investments, secondary equity, and fund of funds) since 1972.

    Adams sees Rimini taking an even bigger piece of the third-party maintenance pie in the future, says Robin Murray, a partner with the firm. “Rimini Street is growing at an incredible pace and is the clear and dominant leader in the emerging third-party enterprise software support market,” Murray says in a statement. “We join the analyst community in believing that Rimini Street is leading the way in a new, multi-billion dollar market as enterprise software licensees look to maximize the return on their current software investments.”

    RELATED STORIES

    Rimini Street Says JD Edwards Support Business Quadrupled Last Year

    J.D. Edwards Shops Get New Maintenance Options

    Rimini Street Hires SAP Execs as TomorrowNow Expands Operations

    Rimini Street Offers JDE Support Services



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    Computer Keyes

    Fax Directly from your IBM i

    KeyesFax is a full function automated IBM i fax system. Spooled files are burst by fax number and auto transmitted with overlays.  It combines both a send and receive facsimile processing system with a complete image package.

    The fax software will edit, send, receive, display, print, and track fax documents or images using any standard IBM i without additional expensive hardware, software or subscriptions.

    Computer Keyes has been developing Software Solutions since 1978!

    www.computerkeyes.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    Profound Logic Software:  Tune in to Profound Logic TV for FREE educational videos and tips
    Maximum Availability:  *noMAX - Subscription edition now available (US & UK)
    COMMON:  Celebrate our 50th anniversary at annual conference, May 2 - 6, 2010, in Orlando

    IT Jungle Store Top Book Picks

    Easy Steps to Internet Programming for AS/400, iSeries, and System i: List Price, $49.95
    The iSeries Express Web Implementer's Guide: List Price, $49.95
    The System i RPG & RPG IV Tutorial and Lab Exercises: List Price, $59.95
    The System i Pocket RPG & RPG IV Guide: List Price, $69.95
    The iSeries Pocket Database Guide: List Price, $59.00
    The iSeries Pocket SQL Guide: List Price, $59.00
    The iSeries Pocket Query Guide: List Price, $49.00
    The iSeries Pocket WebFacing Primer: List Price, $39.00
    Migrating to WebSphere Express for iSeries: List Price, $49.00
    Getting Started With WebSphere Development Studio Client for iSeries: List Price, $89.00
    Getting Started with WebSphere Express for iSeries: List Price, $49.00
    Can the AS/400 Survive IBM?: List Price, $49.00
    Chip Wars: List Price, $29.95

    Pat Townsend Secure with New President Circumventing Two Limitations of CPYTOIMPF

    Leave a Reply Cancel reply

Volume 9, Number 28 -- July 21, 2009
THIS ISSUE SPONSORED BY:

looksoftware
Help/Systems
Maximum Availability
Linoma Software
Tri-Delta Resources

Table of Contents

  • IBM Kills Secure Perspectives Tool
  • Bicycle Seller Rolls with Electronic Vaulting Backup and DR from UCG
  • JDA Shares Plans for E3 Fulfillment Products
  • Quadrant Adds a Slew of Updates to Forms Software
  • Kisco Gives i OS Auditing Tool a Web Makeover
  • CCSS Adds Syslog Support to QMessage Monitor
  • i OS Security Vendors Tap nuBridges for Encryption and Tokenization
  • Rimini Street Gets Equity Investment from Adams Street
  • Zobrist Offers Search-Friendly URLs for WebSphere Commerce
  • AIG-Israel Taps Raz-Lee for i OS Security Tool

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • With Power11, Power Systems “Go To Eleven”
  • With Subscription Price, IBM i P20 And P30 Tiers Get Bigger Bundles
  • Izzi Buys CNX, Eyes Valence Port To System Z
  • IBM i Shops “Attacking” Security Concerns, Study Shows
  • IBM i PTF Guide, Volume 27, Number 26
  • Liam Allan Shares What’s Coming Next With Code For IBM i
  • From Stable To Scalable: Visual LANSA 16 Powers IBM i Growth – Launching July 8
  • VS Code Will Be The Heart Of The Modern IBM i Platform
  • The AS/400: A 37-Year-Old Dog That Loves To Learn New Tricks
  • IBM i PTF Guide, Volume 27, Number 25

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2025 IT Jungle