Rimini Street Unveils Agentic AI ERP Strategy to Modernize Legacy Systems
Rimini Street (NASDAQ: RMNI) has announced its "Agentic AI ERP" strategy, expanding beyond third-party support to become a provider of AI-enabled modernization for organizations using existing ERP systems. This new strategy involves connecting AI agents and workflows to legacy Oracle, SAP, and other ERP systems, reducing the need for costly cloud migrations. The company aims to help clients achieve "self-funded innovation" by redirecting savings from software upgrades towards AI capabilities, projecting an expanded addressable market from $15 billion to $80 billion.
Rimini Street (RMNI) awards COO 150,000 options and 150,000 RSUs
Rimini Street, Inc. (RMNI) has granted its EVP & Chief Operating Officer, Keith Conan Costello, 150,000 Employee Stock Options with an exercise price of $4.96 per share and 150,000 Restricted Stock Units (RSUs). Both awards will vest in three equal annual installments on August 17, 2027, 2028, and 2029, contingent on his continued service. Following these grants, Costello holds 150,000 options and 150,000 RSUs directly, with no direct common stock holdings.
Rimini Street Appoints Keith Costello as Chief Operating Officer
Rimini Street (RMNI) has appointed veteran technology executive Keith C. Costello as Executive Vice President and Chief Operating Officer, effective August 17, 2026. Costello brings over 30 years of experience from companies like IBM and SAP, and his compensation includes a significant base salary, bonus eligibility, and equity awards. TipRanks' AI Analyst rates RMNI as "Neutral," citing financial quality concerns despite positive technicals and growth guidance.
Rimini Street targets AI governance gap as agent use grows
Rimini Street has launched "Rimini Govern for AI," a managed service designed to address the growing AI "control gap" in enterprises. The service aims to provide centralized governance, security, monitoring, and performance measurement for autonomous AI agents, mitigating risks like "shadow AI" and inconsistent controls. This move expands Rimini Street's focus beyond traditional software support into comprehensive AI agent operations.
Rimini Street Expands C-Suite Leadership for Growth with Appointment of Two Proven Industry Veterans as Chief Operating Officer and Chief Delivery Officer
Rimini Street, Inc. (Nasdaq: RMNI) has appointed Keith Costello as Chief Operating Officer (COO) and Alexander Guasch as Chief Delivery Officer (CDO) to bolster its C-suite leadership. Costello will be responsible for product strategy, professional services sales, and global business operations, leveraging his extensive experience from companies like DXC Technology, IBM, and SAP. Guasch, with over 30 years in IT service delivery, will oversee the end-to-end development and delivery of the company's products and services worldwide, focusing on operational excellence and client satisfaction. These appointments aim to accelerate revenue growth, increase profitability, and scale global operations for Rimini Street.
Keith Costello Appointed COO of Rimini Street with Comprehensive Compensation Package
Rimini Street, Inc. has announced the appointment of Keith C. Costello as Executive Vice President and Chief Operating Officer, effective August 17, 2026. Costello will receive a comprehensive compensation package, including a base salary of $460,000, incentive compensation, and equity awards. He brings over 30 years of experience in go-to-market, services, and customer success, with previous roles at DXC Technology and IBM.
Rimini Street names Keith Costello COO, Alexander Guasch CDO By Investing.com
Rimini Street, Inc. has announced the appointment of Keith Costello as Chief Operating Officer and Alexander Guasch as Chief Delivery Officer. Costello, with a background in enterprise software, will oversee product strategy and global business operations, while Guasch will be responsible for the development and delivery of the company's products and services worldwide. These appointments aim to scale the organization with experienced leadership.
Rimini Street appoints Keith C. Costello as chief operating officer By Investing.com
Rimini Street, Inc. (NASDAQ:RMNI) has appointed Keith C. Costello as executive vice president and chief operating officer, effective August 17, 2026. Costello brings over 30 years of experience in enterprise software and will receive an annual base salary of $460,000, along with equity awards. This appointment follows Rimini Street's recent mixed Q2 2026 financial results, where revenue exceeded expectations but earnings per share fell short.
Rimini Street appoints Keith C. Costello as EVP and Chief Operating Officer
Rimini Street (RMNI) has appointed Keith C. Costello as Executive Vice President and Chief Operating Officer, effective August 17, 2026. Costello brings over 30 years of experience in technology and services, with previous roles at DXC and IBM, and formerly served as Rimini Street's SVP, Global Client Engagement. The appointment was disclosed in an SEC filing.
Form 8K Rimini Street Inc For: 12 August By Investing.com
This article announces that Rimini Street Inc. filed a Form 8K on August 12. The brief report from Investing.com provides this key information and lists the stock symbol RMNI, noting a -1.56% change.
Rimini Street Expands C-Suite Leadership for Growth with Appointment of Two Proven Industry Veterans as Chief Operating Officer and Chief Delivery Officer
Rimini Street, Inc. (Nasdaq: RMNI) announced the appointment of Keith Costello as Chief Operating Officer (COO) and Alexander Guasch as Chief Delivery Officer (CDO) to bolster its C-suite leadership. Costello will oversee product strategy and professional services sales, while Guasch will be responsible for the end-to-end development and delivery of all company products and services. These appointments aim to strengthen execution, scale global operations, and accelerate revenue growth and profitability for the company.
Rimini Street names Keith Costello COO, Alexander Guasch CDO
Rimini Street, Inc. (NASDAQ:RMNI) has announced the appointment of Keith Costello as Chief Operating Officer and Alexander Guasch as Chief Delivery Officer. Costello will oversee product strategy, professional services sales, and global business operations, while Guasch will be responsible for the development and delivery of all company products, services, and solutions worldwide. These strategic hires aim to scale the organization with global operating experience and client-first leadership.
Rimini Street appoints Keith C. Costello as chief operating officer
Rimini Street, Inc. (NASDAQ:RMNI) has appointed Keith C. Costello as executive vice president and chief operating officer, effective August 17, 2026. Costello brings over 30 years of experience in enterprise software, SaaS, and global services, having held senior roles at DXC Technology, IBM, and others. His compensation package includes a base salary of $460,000, target annual incentive compensation, and significant equity awards, alongside severance provisions.
Oracle plays hardball with Rimini on third-party maintenance
Oracle has filed a new lawsuit against Rimini Street, a third-party maintenance provider, accusing it of "massive theft" of Oracle's software and support materials through an illegal business model. This lawsuit echoes Oracle's 2007 case against SAP's TomorrowNow, highlighting the ongoing battle over high annual maintenance fees in the software industry. The article suggests that CIOs, who are under immense pressure to cut costs, might react negatively to Oracle's aggressive stance on third-party maintenance.
Rimini Street (RMNI) awards 25,000 stock options to EVP & Chief Client Officer
Rimini Street, Inc. (RMNI) granted 25,000 Employee Stock Options to EVP & Chief Client Officer Nancy Lyskawa on August 7, 2026. The options have an exercise price of $5.05 per share and will vest in three equal annual installments, contingent on her continued service. Following this grant, Lyskawa directly holds 233,509 shares of common stock and the 25,000 new options.
Breaking Oracle's Lock, Then Installing a New One: The Stealthy Business of Rimini Street, Raking in $400 Million a Year from Third-Party Maintenance
Rimini Street generates over $400 million annually by providing third-party maintenance for Oracle and SAP legacy systems at half the cost of original vendors. The company, founded by Seth Ravin, waged a 15-year legal battle against Oracle, which ultimately affirmed its lawful competition. While Rimini Street "picks the lock" of expensive vendor maintenance, it creates its own "new lock" through service stickiness, managed services, security, and AI automation, making it difficult for clients to switch away.
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation
Khimji Ramdas Group, an Omani conglomerate, has partnered with Rimini Street to manage its SAP ECC 6 environment. This move has allowed them to significantly cut SAP support costs by 80%, protect over 700 customizations, and reallocate savings towards innovation such as AI, a new Salesforce CRM, and e-commerce capabilities. The group emphasizes the strategic decision to remain on SAP ECC, citing enhanced control over their IT roadmap and freedom from vendor-mandated migrations.
Rimini Street, Inc. (RMNI) stock price, news, quote and history
This article provides a detailed financial overview of Rimini Street, Inc. (RMNI), including its current stock price, recent performance, key financial metrics, and analyst insights. It covers the company's business activities in enterprise software support and managed services, alongside comparative data against the S&P 500. The information also includes earnings trends, valuation measures, and similar companies in the software application industry.
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation
Khimji Ramdas Group, a large Omani conglomerate, has partnered with Rimini Street for third-party support of its SAP ECC 6 environment. This move has allowed the group to reduce SAP support costs by 80%, reinvesting these savings into AI innovation and other strategic IT projects like a new Salesforce CRM and e-commerce capabilities. The partnership also ensures continued support for over 700 custom codes and helps address complex regulatory compliance challenges without forcing a migration to SAP S/4HANA.
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation
Khimji Ramdas Group, an Omani conglomerate, has partnered with Rimini Street for SAP support, aiming to cut costs, protect its extensive customizations, and fund new AI initiatives. This strategic move allows the group to avoid forced migration to SAP S/4HANA and reinvest significant savings into innovation while maintaining zero downtime for its highly customized SAP ECC 6 environment. The partnership has also helped Khimji Ramdas Group address complex regulatory compliance challenges and pursue new projects like Salesforce CRM and e-commerce enhancements.
Rimini Street, Inc. (RMNI) Stock Price, News, Quote & History
This article provides comprehensive financial data, news, quotes, and historical performance for Rimini Street, Inc. (RMNI). It includes current stock prices, key financial metrics, analyst ratings, and comparisons with similar companies in the software application industry. The company specializes in enterprise software support, managed services, and AI ERP solutions for Oracle and SAP products.
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation
Khimji Ramdas Group, a large Omani conglomerate, has partnered with Rimini Street for SAP support, allowing them to reduce SAP costs by 80%. This move has enabled them to protect over 700 custom codes within their SAP ECC 6 environment and reinvest savings into AI innovation, a new Salesforce CRM, and expanded e-commerce capabilities. The partnership provides greater control over their IT roadmap and avoids pressure to migrate to SAP S/4HANA.
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation
Khimji Ramdas Group, a large Omani conglomerate, has partnered with Rimini Street for SAP support, significantly reducing costs and enabling reinvestment into AI innovation and other projects. This move allows them to maintain their highly customized SAP ECC 6 environment with zero downtime and avoid a costly migration to SAP S/4HANA. Rimini Street's expertise also helped the group address complex HR and payroll compliance challenges related to Omani labor regulations.
Khimji Ramdas Group Chooses Rimini Street to Reduce SAP Support Costs, Protect 700+ Customizations and Reinvest Savings in Innovation
Khimji Ramdas Group, a large Omani conglomerate, has partnered with Rimini Street to support its highly customized SAP ECC 6 environment. This move has allowed the group to reduce SAP support costs by 80%, protect over 700 customizations, and reinvest the savings into AI-driven innovation and other strategic IT projects, such as a new Salesforce CRM program and expanded e-commerce capabilities. The partnership also helped Khimji Ramdas navigate complex HR and payroll compliance challenges related to Omani labor regulations, demonstrating Rimini Street's expertise beyond just cost savings.
RMNI|Rimini Street Inc|Price:4.830|Chg%:+0.020
This article provides a comprehensive stock analysis of Rimini Street Inc (RMNI) by TradingKey. It highlights the company's relatively healthy fundamentals, significant growth potential, and fair valuation within the Software & IT Services industry. The analysis also covers high institutional ownership, recent analyst "Buy" ratings with a target price of $6.40, and the stock's expected upward trend in the medium term, despite sideways trading activity.
Rimini Street Launches 'Rimini Govern for AI' to Manage Enterprise AI Agents
Rimini Street has introduced "Rimini Govern for AI," a new managed service designed to help organizations oversee and manage their artificial intelligence (AI) agents. This offering acts as a central control plane for AI agents, providing governance, compliance, security, and performance monitoring. It aims to accelerate AI adoption, reduce risks, improve visibility, and control costs, with 24x365 support from AI-specialized engineers.
Rimini Street, Inc. 2026: Revenue $111.08M, EPS $0.03— 10-Q Summary
Rimini Street, Inc. reported its 2026 quarterly results with revenues of $111.08M, showing modest year-over-year growth, but a significant decline in net income and diluted EPS. The company saw an increase in subscription revenue and active clients, expanded its AI-enabled ERP services, and began winding down Oracle PeopleSoft services as per settlement terms.
Rimini Street (NASDAQ:RMNI) Rating Increased to Buy at Wall Street Zen
Wall Street Zen has upgraded Rimini Street (NASDAQ:RMNI) from a "Hold" to a "Buy" rating, despite a broader analyst consensus remaining "Hold" with a $5.00 price target. The company reported revenue exceeding expectations but missed EPS forecasts, with significant declines in operating profit and net income. Insider sales have also been noted, with executives selling shares and no insider purchases reported in the last six months.
Rimini Street Launches Rimini Govern™ for AI to Deliver Comprehensive AI Agent Governance, Security & Interoperability as a Service
Rimini Street, Inc. announced the immediate availability of Rimini Govern™ for AI, a new service designed to provide comprehensive governance, security, and interoperability for AI agents. This managed service aims to help organizations accelerate AI agent deployment, reduce operational risk, and measure business value, addressing the growing "control gap" in enterprise AI adoption. It offers a three-phase deployment plan and is part of Rimini Street's broader suite of end-to-end Agentic AI solutions.
Rimini Street Reports Solid Q2 2026 Revenue Growth
Rimini Street (RMNI) reported solid Q2 2026 results with revenue up 6.7% year-on-year to $111.1 million and adjusted annualized recurring revenue up 8.1% to $401.1 million. The company maintained a 90% revenue retention rate with 3,132 active clients, and management highlighted continued growth momentum, debt reduction, and the launch of Rimini Govern for AI. Despite a dip in U.S. revenue and softened profitability metrics compared to the prior year, a "Hold" rating with a $5.00 price target was issued by analysts, while TipRanks’ AI Analyst, Spark, rated RMNI as "Neutral" due to balance-sheet weakness and historical volatility.
Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results
Rimini Street, Inc. announced its fiscal second quarter 2026 results, reporting revenue of $111.1 million, a 6.7% increase year over year, and adjusted revenue of $108.0 million, up 10.0%. The company highlighted strong demand for its core Rimini Support™ offering and increasing adoption of its broader enterprise software services portfolio. Rimini Street also provided a business outlook, expecting third-quarter 2026 revenue between $110 million and $112 million, and reiterated its full-year 2026 revenue growth target of 4% to 6%.
Rimini Street Inc (RMNI) (Q2 2026) Earnings Call Highlights: AI Innovation Drives Fourth Consecutive Quarter of Growth
Rimini Street Inc (RMNI) reported its fourth consecutive quarter of growth in Q2 2026, driven by strong AI solution adoption and 6.7% year-over-year revenue growth. Despite challenges like billings decline due to renewal timing and increased sales and marketing expenses impacting EBITDA, the company reiterated its Rule of 20 guidance. Rimini Street is leveraging AI internally for cost reduction and externally with new offerings like Rimini Govern for AI, seeing success in client adoption and an improved competitive environment.
Rimini Street, Inc. 2026 Q2 - Results - Earnings Call Presentation (NASDAQ:RMNI) 2026-07-31
This article announces the publication of Rimini Street, Inc.'s 2026 Q2 earnings call slide deck. The company reported EPS of $0.06, missing estimates by $0.00, and revenue of $111.08M, beating estimates by $4.29M, representing a 6.69% year-over-year increase.
Rimini Street, Inc. 2026 Q2 - Results - Earnings Call Presentation (NASDAQ:RMNI)
Rimini Street, Inc. (RMNI) published a slide deck in conjunction with their Q2 2026 earnings call. The company reported Q2 EPS of $0.06, missing estimates by $0.00, and revenue of $111.08 million, beating estimates by $4.29 million with a 6.69% year-over-year increase.
Rimini Street führt Rimini Govern™ for AI ein, um umfassende Governance, Sicherheit und Interoperabilität für KI-Agenten als Dienstleistung bereitzustellen
Rimini Street hat Rimini Govern™ for AI eingeführt, einen neuen Managed Service, der umfassende Governance, Sicherheit und Interoperabilität für KI-Agenten bietet. Dieser Dienst soll Unternehmen dabei unterstützen, KI-Agenten vertrauenswürdig und sicher einzusetzen, indem er Überwachung, Kontrolle und Messbarkeit über den gesamten Lebenszyklus der KI-Agenten hinweg gewährleistet. Rimini Govern for AI ist Teil der breiteren Rimini Street Govern™ Suite und zielt darauf ab, Lücken in der KI-Governance zu schließen und den ROI von KI-Investitionen zu maximieren.
Rimini Street Announces Fiscal Second Quarter 2026 Financial and Operating Results
Rimini Street, Inc. announced its fiscal second-quarter 2026 results, reporting $111.1 million in revenue, up 6.7% year-over-year, and Adjusted Revenue of $108.0 million, up 10.0%. The company highlighted growing demand for its core support offerings and increasing adoption of broader enterprise software services, attributing success to sales execution and innovation in Agentic AI ERP solutions. Rimini Street also reported progress in debt reduction and cash reserves, alongside strategic client agreements and the launch of Rimini Govern™ for AI.
Earnings call transcript: Rimini Street Q2 2026 revenue beats, EPS misses
Rimini Street reported mixed results for Q2 2026, with revenue of $111.1 million, exceeding analyst expectations, but adjusted EPS of $0.03, missing the forecast. The company highlighted strong demand for its core support and AI-related offerings, leading to increased recurring revenue and retention, despite a decline in billings attributed to renewal timing. Management reiterated its full-year 2026 guidance, emphasizing a focus on profitable growth, AI innovation, and strategic capital allocation, including debt reduction and potential share repurchases.
Rimini Street (RMNI) Releases Q2 2026 Earnings: Revenue Growth but Profitability Slumps
Rimini Street (RMNI) reported Q2 2026 revenue of $111.1 million, a 6.7% increase year-over-year and above analyst estimates, with gross profit also rising by 7.7%. However, profitability significantly declined, with operating profit down 84.5% to $6.4 million and net income dropping 92.1% to $2.4 million, leading to diluted EPS of $0.03. The article also highlights significant insider selling activity and mixed institutional investor sentiment, alongside recent government contract awards.
Rimini Street Launches Rimini Govern™ for AI to Deliver Comprehensive AI Agent Governance, Security & Interoperability as a Service
Rimini Street, Inc. has announced the immediate availability of Rimini Govern™ for AI, a new managed service designed to provide comprehensive governance, security, and interoperability for AI agents. This service aims to help organizations accelerate AI agent deployment, reduce operational risks, increase visibility, and control costs, ultimately measuring business value from AI investments. Delivered 24/7 by expert AI engineers, Rimini Govern for AI addresses the growing "control gap" in enterprise AI adoption by offering a centralized operational control plane for monitoring, securing, and scaling AI agent activities.
Rimini Street Launches Rimini Govern™ for AI to Deliver Comprehensive AI Agent Governance, Security & Interoperability as a Service
Rimini Street has announced the immediate availability of Rimini Govern™ for AI, a new service designed to provide comprehensive governance, security, and interoperability for AI agents. This offering aims to help organizations confidently deploy, manage, and scale AI agent operations by providing a centralized control plane for monitoring activity, ensuring compliance, and measuring ROI. The service addresses the growing "control gap" in enterprise AI adoption by offering expert-led deployment, implementation, and 24/7/365 operational support.
Rimini Street Inc (RMNI) Technical Analysis: Support, Resistance, Indicators & Moving Averages
This article provides a technical analysis of Rimini Street Inc (RMNI), focusing on its price momentum, support and resistance levels, and various technical indicators and moving averages. The current price momentum score is 4.11, indicating it ranks 330 out of 485 in its industry, and the stock is largely neutral based on combined technical signals. While indicators like MACD and STOCH lean towards "Buy," TRIX and Williams %R suggest "Sell" or "Overbought," and all moving averages (MA5 to MA200) show "Buy" signals.
Rimini Street Price Target Raised to $5.00/Share From $4.50 by TD Cowen
TD Cowen has increased its price target for Rimini Street to $5.00 per share, up from the previous $4.50. This adjustment indicates a positive outlook from the analyst firm regarding the company's future stock performance.
AUTOBACS SEVEN Celebrates 10-Year Partnership with Rimini Street
This article, published by GuruFocus, discusses Super Micro Computer Inc (SMCI) and its financial performance, market positioning, and valuation. It highlights SMCI's strong growth and profitability, its classification as undervalued by the GF Value™ at $89.34 compared to its current price of $27.80, and the positive sentiment from investment gurus. However, it also cautions investors about the company's low valuation rank.
RMNI|Rimini Street Inc|Price:4.680|Chg%:+0.270
Rimini Street Inc (RMNI) is performing well with high growth potential and is considered fairly valued in the Software & IT Services industry. Analysts have a "Buy" rating with a target price of $6.30, indicating an upside space of 42.86%. Despite strong fundamentals and stock performance, technical indicators suggest a sideways trading pattern, suitable for range-bound swing trading.
Rimini Street Inc (RMNI) Cash Flow
This article provides a detailed cash flow statement for Rimini Street Inc (RMNI) over several fiscal quarters and years, covering operating, investing, and financing activities. It presents key financial metrics such as net income, capital expenditures, and changes in working capital. The data is accompanied by FAQs defining different types of cash flow and RMNI's performance in each category.
Rimini Street Inc (RMNI) Institutional Confidence
Rimini Street Inc (RMNI) has an institutional shareholding score of 7.00, placing it 139th out of 486 in the Software & IT Services industry. The institutional shareholding proportion has increased by 9.82% quarter-over-quarter to 73.26%, with James Simons noted as the largest institutional shareholder. The article lists several institutional shareholders and their recent activity in RMNI shares.
Rimini Street (RMNI) to Announce Quarterly Earnings on Thursday
Rimini Street (RMNI) is scheduled to release its Q2 2026 earnings after market close on Thursday, July 30th, with analysts forecasting an EPS of $0.07 and revenue of $106.72 million. The company's previous quarter showed mixed results, missing EPS estimates but exceeding revenue expectations. Wall Street currently holds a "Hold" rating for RMNI, with a consensus price target of $4.50.
Rimini Street (RMNI) TD Cowen's 54th Annual Technology, Media & Telecom Conference summary
This summary provides insights into Rimini Street's presentation at TD Cowen's 54th Annual Technology, Media & Telecom Conference. Key points include the company's background in third-party software support, its focus on agentic AI and partnerships with companies like ServiceNow, and its recent financial performance which shows momentum in revenue and RPO growth after settling a major lawsuit. Rimini Street addresses a large global market by offering cost-effective alternatives to traditional software maintenance and vendor upgrades.
Rimini Street (RMNI) 21st Annual Needham Technology, Media, & Consumer Conference summary
Rimini Street (RMNI) presented at the 21st Annual Needham Technology, Media, & Consumer Conference, highlighting its strategic shift to Agentic AI ERP, which has expanded its addressable market from $15B to $80B. The company showcased over 20 Agentic AI UX solutions, reporting strong Q1 revenue of $106M and indicating positive financial momentum with a full-year guidance of 4-6% top-line growth. Rimini Street emphasizes enabling clients to modernize ERP systems with AI without forced vendor upgrades, serving over 3,100 clients, including many Fortune 500 companies.
Rimini Street (RMNI) Q4 2025 earnings summary
Rimini Street (RMNI) reported its Q4 2025 earnings, achieving $421.5M in revenue for FY 2025 with a 5.2% CAGR since 2020, despite winding down Oracle PeopleSoft support. The company launched next-generation Agentic AI ERP solutions, closed 19 new client transactions over $1M in TCV, and maintained high client satisfaction. For 2026, Rimini Street projects 4-6% revenue growth and improved adjusted EBITDA margins, driven by a strong pipeline and focus on AI-driven efficiencies.
