LAS VEGAS & SEOUL, South Korea--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced it has been recognized in the Great Places to Work® 2022 KOREA Best Workplaces™ Awards by the global consulting company Great Place to Work® Institute (GPTW).
In addition to being named a KOREA Best Workplace™, Rimini Street also was recognized in the following categories: KOREA Best Workplaces in Technology™, KOREA Best Workplaces for Women™, and KOREA Best CEOs (Seth A. Ravin, CEO) – for a total of four distinguished awards.
“We are honored and humbled to be recognized as a best place to work in Korea. This recognition reflects our commitment to our extraordinary employees who deliver extraordinary solutions to our clients worldwide,” said Ravin. “Rimini Street believes that a workplace emphasizing diversity, inclusivity, equal opportunity and employee wellbeing leads to employee satisfaction, extraordinary client success and growth. It’s the reason we believe we can achieve our target of $1 billion in annual revenue by 2026.”
KOREA Best Workplaces™ is the global standard evaluation and awards system established in 2002. Utilizing the same criteria used in the USA’s Fortune 100 Best Companies to Work For®, certification takes place in 97 countries worldwide spanning the Americas, Europe, and Asia. It is the definitive global standard certification system to create a high-trust work experience for all employees.
GPTW performs a comprehensive evaluation of Trust Index (incorporating trust, respect, fairness, confidence, and camaraderie), Employee Engagement (employee and executive surveys), and Culture Audit (evaluating workplace and organizational culture) to identify and certify KOREA Best Workplaces™.
All Rimini Street Korea employees completed the employee survey, with the results yielding high marks in the Trust Index and Employee Engagement. During the evaluation, the Company earned the highest points possible across a host of employee engagement metrics for flexible workplace culture, fairness, camaraderie, and leadership effectiveness.
Ravin adds, “With International Women’s Day recently celebrated on March 8, this recognition is a timely reminder of how Rimini Street is focused on advancing women in technology and accelerating diversity at all levels in the workplace. At the end of the day, these awards are granted by our people – who are the most extraordinary in the world – so their acknowledgment of our strengths in these areas tells us we are fulfilling our purpose to ‘create a better world through equal opportunity for all.’”
Since the beginning of the global coronavirus pandemic, Rimini Street Korea has implemented work-from-home as the default condition for the safety of employees while offering flexible work hours and flex time (focused work hours). To strengthen work engagement and focus and foster positive working environments, the Company continuously offered a wide array of virtual employee welfare programs, showing its commitment to maintain an excellent workplace culture. With such a culture established and actively nurtured, Rimini Street colleagues – whether working remotely or in the office – benefit from innovative and productive work environments.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 4,400 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter, and find Rimini Street on Facebook and LinkedIn.
Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the continuance of the pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 2, 2022, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.
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