Rimini Street Appoints Software Industry Veteran Sebastian Grady President and COO

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ:ORCL) Siebel, PeopleSoft, JD Edwards and E-Business Suite software, and SAP AG (NYSE:SAP) software, today announced the appointment of Sebastian Grady, a 25-year veteran of the enterprise software industry, to the newly created position of president and COO.

“Sebastian is a proven leader who has delivered high growth through solid strategy and execution, and he also has considerable experience in selling and delivering enterprise software maintenance and services to organizations around the world”

As part of the Company’s business plan, Seth Ravin, Rimini Street’s president and CEO since the Company’s founding in 2005, created the new president and COO position in order to support the Company’s expanded leadership needs for the next phase of rapid global growth. The president and COO will be responsible for driving and executing Rimini Street’s global growth and operating plan.

Grady brings more than two decades of enterprise software sales, service and leadership experience to Rimini Street, with extensive experience in the enterprise software maintenance business. Most recently, Grady spent more than six years as president and COO of two leading enterprise software companies, Saba Software and Altus Corporation, where he was responsible for driving rapid revenue growth of 300 percent and 500 percent at each company, respectively. Grady provided global enterprise solutions for dozens of clients including Oracle, SAP, Cisco, GM, IBM and Symantec.

Prior to Saba and Altus, Grady held several executive positions at PeopleSoft Software, Inc., including vice president of global customer service, vice president of global support, and most recently vice president and general manager of the $600 million dollar Customer Sales Division which included global annual support sales and telesales operations. Under Grady’s direction, the Customer Sales Division became PeopleSoft’s largest and fastest-growing business unit.

“Sebastian is a proven leader who has delivered high growth through solid strategy and execution, and he also has considerable experience in selling and delivering enterprise software maintenance and services to organizations around the world,” said Seth Ravin, CEO, Rimini Street. “Sebastian will drive Rimini Street’s aggressive global growth plan and assure our clients continue enjoying the most innovative, responsive and value-driven enterprise software support services in the industry. With record 2010 results and the largest sales pipelines in the Company’s history, Rimini Street is well-positioned to continue achieving its global growth plan in 2011 and beyond.”

“Rimini Street has developed and delivered innovative, ultra-responsive enterprise software support solutions that have already been selected by more than 400 global, Fortune 500, midmarket and public sector organizations,” said Grady. “Rimini Street is now moving forward with its next phase of global growth that will include new and expanded service offerings. I am delighted to join the Company at this exciting time, and I look forward to building on our momentum to deliver strong company growth and continued world-class service to a fast-expanding global client base.”

About Rimini Street, Inc.

Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save at least 50 percent in annual support fees and save up to 90 percent in total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least ten years. Hundreds of global, Fortune 500, midmarket, and public sector organizations from virtually all industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com or call within the USA (888) 870-9692 or internationally +1 (702) 839-9671.