This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210111005119\/en\/<\/a><\/p>\n Homeplus Co. Switches to Rimini Street Support for its Oracle Applications and Database Software (Photo: Business Wire)<\/p>\n<\/div>\n Help Extend the Life and ROI of Existing Software to Fund Business Initiatives<\/b><\/p>\n \nHomeplus Co. Ltd. was founded in 1997 and now has more than 140 branches and 25,000 employees in South Korea. The company operates its supermarket chain \u201cHomeplus Express,\u201d convenience store \u201c365 Plus\u201d and online shopping services for everything from groceries to clothes and appliances. In 2019, the company\u2019s CIO began to look for ways to optimize costs after reviewing the high costs of the organization\u2019s Oracle maintenance and support compared to the low quality of support received in return. Additionally, the company has heavily customized its Oracle EBS and Retail Warehouse Management applications, and needed a much higher level of support, including support for custom code, than what was being provided by the vendor. Homeplus Co. began self-supporting its Oracle system to save on costs but realized it needed technical support beyond its IT department\u2019s skill set. After doing a thorough review of their options, including returning to expensive vendor support, Homeplus ultimately switched to Rimini Street Support after confirming the high-quality support and expertise they would receive from their dedicated primary support engineer and the Rimini Street team\u2019s technical experts.\n<\/p>\n \n\u201cWe switched to Rimini Street to optimize our IT spend and receive a premium level of support and maintenance for our complete Oracle system,\u201d stated Homeplus Co. Ltd\u2019s chief information officer. \u201cThe retail industry is facing additional challenges due to the global pandemic, and Rimini Street\u2019s dedicated level of support allows us to divert our IT resources to implementing our hardware infrastructure modernization project as part of our current business transformation priorities.\u201d\n<\/p>\n Expert Engineers With Significant Oracle Software Experience <\/b><\/p>\n \nHomeplus Co., along with all Rimini Street clients, is assigned a Primary Support Engineer, backed by a team of functional and technical experts, who have an average of more than 15 years\u2019 experience in the client\u2019s software system. All clients also benefit from the Company\u2019s industry-leading service level agreements of 10-minute response times for critical Priority 1 cases and 15-minute response time for Priority 2 issues.\n<\/p>\n \n\u201cWe are pleased to partner with Homeplus Co. to enhance their digital competitiveness and enable them to step off the vendor\u2019s upgrade cycle to take control of their IT roadmap,\u201d said Hyungwook \u201cKevin\u201d Kim<\/a>, regional general manager, Korea, Rimini Street. \u201cWith third-party support from Rimini Street, nearly 200 leading retailers worldwide have significantly reduced their enterprise software support and related maintenance costs to address their near-term budget challenges and invest in digital transformation programs that drive competitive advantage and growth.\u201d\n<\/p>\n About Rimini Street, Inc.<\/b><\/p>\n \nRimini Street, Inc. (Nasdaq: RMNI) 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 3,700 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<\/a>, follow @riministreet <\/a>on Twitter and find Rimini Street on Facebook<\/a> and LinkedIn<\/a>.\n<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nCertain 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 \u201cmay,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201ccontinue,\u201d \u201cfuture,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201coutlook\u201d 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\u2019s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, 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 COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, 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 in the government inquiry 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; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street\u2019s management team; uncertainty as to the long-term value of Rimini Street\u2019s equity securities; and those discussed under the heading \u201cRisk Factors\u201d in Rimini Street\u2019s Quarterly Report on Form 10-Q filed on November 5, 2020, and as updated from time to time by Rimini Street\u2019s 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\u2019s 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\u2019s 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\u2019s assessments as of any date subsequent to the date of this communication.\n<\/p>\n \n\u00a9 2021 Rimini Street, Inc. All rights reserved. \u201cRimini Street\u201d 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.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210111005119\/en\/<\/a><\/span><\/p>\n \nMichelle McGlocklin KEYWORDS:<\/b> Nevada North America United States South Korea Asia Pacific Canada<\/p>\n INDUSTRY KEYWORDS:<\/b> Data Management Other Retail Technology Supermarket Food\/Beverage Other Technology Retail Software Networks Internet Hardware<\/p>\n![\"Homeplus](\"https:\/\/mms.businesswire.com\/media\/20210111005119\/en\/851041\/4\/CP20_419_PR_Bizwire-2400x750.jpg\")
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Rimini Street, Inc.
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+1 925 523-8414
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mmcglocklin@riministreet.com<\/a><\/p>\n
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