Rimini Street Formally Launches Rimini ONE™, an End-to-End Outsourcing Solution for Enterprise Applications, Databases and Technology Software

MANILA, PHILIPPINES – Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the formal launch of Rimini ONE™, its outsourcing service program designed to offer a comprehensive set of unified, integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise applications, databases and technology software.

“We developed Rimini ONE in response to clients requesting a fully outsourced solution for their enterprise software with the proven, industry-leading service commitments and guarantees, global capability of more than 800 staff engineers, and comprehensive offering only available from Rimini Street,” said Dave Rowe, chief product officer and EVP, global transformation at Rimini Street. “By unifying our unique support, product and service solutions into one comprehensive program that is easy to transition to, we are helping our clients simplify the complexity of managing mission-critical enterprise software, extend its life and value, and enable clients to accelerate the delivery of new innovations to drive competitive advantage and growth.”

End-to-End Outsourcing Solution from ONE Trusted Partner

With Rimini ONE, clients can fully outsource the support and management of their entire enterprise software stack to Rimini Street. Rimini ONE shifts full responsibility for the operation, support, security and integration of a client’s enterprise software to Rimini Street and frees up clients to focus more of their budget and resources on higher-value projects that deliver new innovations and accelerate business value.

Rimini ONE brings together Rimini Street’s expanded, full suite of support, products and services for SAP, Oracle E-Business Suite, PeopleSoft, Siebel, JD Edwards and other enterprise applications, proprietary and open-source databases and technology software such as middleware, integration, security, data warehouse/lakes, AI, reporting and analytics. 

“Today’s IT environment is at an inflection point in terms of complexity, becoming ever more

costly and resource-intensive to manage and support,” said Dion Hinchcliffe, vice president and

principal analyst at Constellation Research. “Organizations are finding that to survive, evolve,

and prosper, they require faster, better access to more integrated, complete enterprise IT

services at a scale that enables them to move rapidly.”

 Rimini ONE’s end-to-end, unified and integrated solutions immediately available include:

• Rimini Support™: Award-winning, mission-critical support for Oracle, SAP, proprietary and open-source databases and technology software — delivered 24/7/365 with a guaranteed 10-minute response time SLA for critical cases 

• Rimini Manage™: Managed services for application and database software delivered by highly skilled engineers, featuring unlimited service ticket requests and industry-leading SLAs that can resolve IT staffing/skill shortages and provide smoother system operations at predictable, fixed and optimized cost 

• Rimini Protect™: Innovative managed security solutions for applications, databases and technology infrastructure designed to proactively block unidentified threats and protect against newly identified threats faster than other security options – usually within minutes - without any required code changes to the software being protected 

• Rimini Connect™: Managed interoperability solutions for browsers, operating systems and email systems that can enable continued utilization of and integration with existing software and infrastructure without the need for expensive system and software upgrades and migrations 

• Rimini Watch™: Observability solutions that include monitoring and system health check solutions designed to monitor the performance and execution of thousands of processes 24/7/365 and identify potential issues before they happen, avoiding the possibility of system downtime and impact 

• Rimini Consult™: Professional services available for clients’ enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation and other project needs 

About Rimini Street, Inc. 

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,000 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 enterprise software solutions provider. To learn more, please visit http://www.riministreet.com, and connect with Rimini Street on Twitter, Facebook and LinkedIn. (IR-RMNI) 

© 2023 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

DTI-TRANSUNION AGREEMENT TO IMPROVE COMPETITIVENESS RANKING, PROMOTE MSME ACCESS TO FINANCE

The Department of Trade and Industry (DTI) and TransUnion Philippines signed a data sharing agreement on 29 January 2020 in which DTI will provide Publicly Available Data of business enterprises to TransUnion, the country’s largest credit bureau.

The data sharing agreement will allow TransUnion to develop a “firm bureau database” to expand distribution of its credit information to not only individuals but to firms as well. This criterion is measured by the World Bank in their Doing Business (DB) Report under its “depth of credit information index.”

“Today’s signing of the data-sharing agreement between DTI and TransUnion is part of the government’s continuing effort to improve our competitiveness ranking. This partnership signals greater collaboration between the government and the private sector in using data analytics to help us in policy making and program development,” DTI Secretary Ramon Lopez said.

Sec Lopez further said: “This initiative is hitting two birds with one stone. By working closely through information-sharing with TransUnion, we are confident that we will secure additional points under the Getting Credit Indicator. More importantly, the publicly available data we provide will be processed together with their rich database to be used in determining borrowers’ credit worthiness. In the end, this will contribute to increasing the bank’s efficiency in processing loan applications.”

Following the data protest filed by the Philippine government in 2018, the WB accepted the data correction request of the Philippine government when it confirmed that TransUnion is the largest credit bureau in the country with 8.47 million adult population in its database. This is 13.5% of the total adult population in the Philippines, exceeding the 5% WB threshold. The data correction request resulted in a 35-point increase in the Philippines’ score for Getting Credit and a significant +52 notches increase in the indicator ranking.

“At TransUnion, we use information to empower our lending partners in giving financial access to more consumers. In order to do this, we at TransUnion continually strive to bring in more extensive credit information from various sources into our database. The more diverse and extensive data that we have, the more efficient our business partners will be in making decisions to extend credit to both consumers and businesses,” said Ms. Pia Arellano, President and CEO of TransUnion Philippines.

The DB Report is an annual survey report released by the World Bank. In the DB 2020 report, the Philippines reached the Top 100 competitive countries when it recorded a +26-notch increase, which remains the highest recorded annual improvement of the country since 2010. From 124th place, the Philippines rose to 95th.

With the enactment of RA 11032, or the “Ease of Doing Business and Efficient Government Service Delivery Act,” DTI has turned over to the Anti Red Tape Authority (ARTA) the reform initiatives for the succeeding cycles

For more details and event updates, please check DTI Philippines’ official social media websites (@DTIPhilippines on Facebook, Instagram and Twitter).

DTI Confiscates Substandard Appliances in Batangas City Inspection

BATANGAS CITY – The Department of Trade and Industry (DTI) confiscated appliances from two supermarkets during an inspection last 27 January 2020. The appliances included light bulbs, rice cookers, electric kettles, and induction cookers that do not have Philippine Standard (PS) marks or Import Commodity Clearance (ICC) stickers for imported products.

“When buying electric products, consumers should always check for PS or ICC marks, even if they’re from known brands. The stickers certify that the products passed quality and safety standards set by the Philippine National Standards. Substandard products tend to break down sooner and may even cause fire,” said DTI Secretary Ramon Lopez.

DTI also issued Notices of Violation and gave the two establishments 48 hours to respond. If charged, they may be fined up to PHP 300,000 according to DTI Department Administrative Order No. 02 S, 2007.

In one supermarket, DTI seized all appliances under the brand "US Tradition" because they either did not have stickers, or the sticker information did not match the product when scanned by the ICC Verification System app by the DTI-Bureau of Product Standards.

The free app, available on Google Play and the App Store, can scan QR codes on the ICC stickers to reveal product information. Sec. Lopez encouraged the public to download the app and report fake ICC stickers to the 1-DTI (1-384) hotline.

Apart from pursuing erring retailers, Sec. Lopez directed the DTI to go after the distributors and manufacturers of substandard products. This way, they can be confiscated even before they land in stores.

Sec. Lopez was with House Committee on Trade and Industry Chair Weslie Gatchalian, DTI Undersecretary Ruth Castelo, and Department of Agriculture (DA) Assistant Secretary Kristine Evangelista to monitor the prices of basic goods and agriculture products in Batangas City after the Taal volcano eruption.

DTI Batangas declared a price freeze on 13 January, which set a price ceiling for basic necessities like bottled water, canned sardines, bread, instant coffee, and powdered milk. The team found that groceries mostly adhere to the price ceiling, with some products priced even lower than the set ceiling.

DTI, however, issued a Show Cause Order to a supermarket selling bottled water products above the price ceiling. They were given 48 hours to respond and adjust their prices. The management said that since they are part of a supermarket chain, the prices come from the head office. But they said they will lower the prices and inform their head office immediately. If charged with profiteering, establishments may incur a fine between PHP1,000 to PHP1,000,000, under Republic Act 7581 or The Price Act.

Meanwhile, prices of rice, chicken, and pork in wet markets also remained stable since the eruption. Both chicken and pork were priced at PHP 170 – PHP 180/kg. But according to the DA, since the farmgate prices of chicken and pork are PHP 80/kg and PHP 100/kg respectively, the retail prices should only be around PHP 140/kg for chicken and PHP 180/kg for pork.

Sec. Lopez said that since DTI has no authority over agriculture products, they can’t file charges against overpricing vendors. Instead, he suggested that DA set a Suggested Retail Price for these products, especially Chicken, so the DA can have a solid basis for filing charges.