Rimini Street, Inc. Announces Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 23, 2013 at 10:35 pm IST
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Rimini Street, Inc. announced revenue results for the fourth quarter and full year ended December 31, 2012. For the fourth quarter, the company also recorded $11.97 million in revenue, a nearly 30% increase on a year-over-year basis and a new company quarterly revenue record.
For the fiscal 2012, the company exceeded $43 million in revenue, a more than 30% increase on a year-over-year basis. Deferred revenue also increased more than 51% to nearly $44 million as of December 31, 2012, when compared on a year-over-year basis.
Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support.
RIMINI STREET, INC. 
