Rimini Street expands Australian presence
The company increased its client base in the region by 109% year-on-year during the September quarter and has grown its presence in Australia to accommodate this increased demand.
Rimini Street’s new Melbourne office has helped the company to increase its workforce in the region by 52%. Australia is the eighth-largest enterprise application software market in the world, according to Gartner estimates, with annual revenues of around $4.2 billion.
The company opened its Sydney headquarters in 2008 and has grown to support 88 organisations with operations in Australia and New Zealand, including 10 of the ASX Top 50.
“This year we’ve seen a spike in client demand not only from commercial entities but also government organisations across Australia and New Zealand,” commented Andrew Powell, managing director for Rimini Street APAC and Middle East.
“As the market matures and organisations become increasingly canny about their IT spend, we find that many CIOs are simply not willing to pay high vendor maintenance fees anymore. By switching to Rimini Street support, these businesses can save up to 90% of their total cost of maintenance and reinvest their savings in areas of strategic importance instead of continuing to spend needlessly on ongoing operations.”
Rimini Street was recently awarded nearly US$100 million ($131.3 million) in damages in a lawsuit filed by Oracle alleging copyright violation for the company’s now-abandoned practice of hosting Oracle software on its own servers and cloning the software.
Rimini Street has been a consistent thorn in the side to Oracle, which makes a substantial portion of its revenue from its own maintenance services.
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