Rimini Street Appoints Industry Veteran to Lead Growth and Expansion Across Greater China
October 13 2015 - 5:20PM
Business Wire
Company builds on 231% growth across APAC
region
Rimini Street, Inc., the leading independent provider of
enterprise software support services for SAP SE’s (NYSE:SAP)
Business Suite and BusinessObjects software and Oracle
Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards,
E-Business Suite, Oracle Database, Oracle Middleware, Hyperion,
Oracle Retail and Oracle Agile PLM software, today announced the
appointment of Frank Chou as general manager, Greater China. In
this newly created role, Chou is responsible for leading the growth
and expansion of Rimini Street’s service offerings across Greater
China, which includes China, Hong Kong and Taiwan. The region
represents one of the largest market opportunities for the
Company’s new class of enterprise software support services for
Oracle and SAP clients. The company is expanding operations in
Greater China due to strong local market demand as well as
continued fast-paced growth throughout the APAC region, including a
231% increase in APAC revenue in the 12-month period ending June
30, 2015, compared with the prior 12-month period.
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Frank Chou brings CIO and IT leadership
experience to Rimini Street as the company's newly appointed
general manager for Greater China. (Photo: Business Wire)
Chou Brings CIO and IT Leadership Experience to Rimini
Street
Prior to joining Rimini Street, Chou served as the CIO for China
National Chemical Corporation (ChemChina), where he led management
transformation and IT initiatives. During his time at ChemChina, he
was recognized and named as one of the Chinese Chief Information
Officer Union's “Top 100 CIOs of 2014.” Before this, Chou spent
over 20 years as a consultant with Accenture, culminating his
tenure there as the lead partner for the firm's Greater China
Energy/Natural Resources & Chemical practice.
“Dissatisfaction with the software vendor’s maintenance and
support is a common occurrence among CIOs and IT users in Greater
China,” said Chou. “The independent software maintenance and
support offered by Rimini Street creates new ’rules of the game’ by
bringing a more compelling and value-driven choice to CIOs in this
region. We have had enthusiastic response to our market entry here,
and look forward to continuing to deliver our award-winning
services and support to Oracle and SAP licensees across the Greater
China region.”
Expansion in Greater China to Build on Continuing APAC
Growth
The Company’s expansion into Greater China addresses one of the
largest ERP markets in the world. Rimini Street currently supports
67 global companies with operations in Greater China, including
ChemChina, Sympatex Holding GmbH, NCH Corporation, Tempel
Steel Company and Southco, Inc. The Company is building on robust
growth across the entire APAC region, with a 142% percent increase
in signed clients as of June 30, 2015, compared to a year ago.
Rimini Street (HK) Ltd. commenced operations in Hong Kong in July
2015, and Rimini Street will operate its Greater China headquarters
from Beijing as Rimini Street Software Technical Services (Beijing)
Ltd.
“We entered the Greater China market based on growing demand and
opportunity in the region, and are now expanding our local
infrastructure, operation and capabilities,” said Seth Ravin,
Rimini Street CEO. “As a CIO who personally embraced the value and
benefits of independent maintenance by selecting Rimini Street
support for his prior employer, and has deep IT industry and
regional experience, we believe Mr. Chou is uniquely qualified to
lead Rimini Street’s expansion and investment in Greater China. We
are very pleased to welcome Mr. Chou to our global executive
leadership team.”
To learn more, follow @riministreet on Twitter and find
Rimini Street on Facebook and LinkedIn.
About Rimini Street, Inc.
Rimini Street is the global leader in providing independent
enterprise software support services. The company has redefined
enterprise support services since 2005 with an innovative,
award-winning program that enables Oracle and SAP licensees to save
up to 90 percent on total support costs. Clients can remain on
their current software release without any required upgrades for at
least 15 years. Over 1,150 global, Fortune 500, midmarket, and
public sector organizations from a broad range of industries have
selected Rimini Street as their trusted, independent support
provider. To learn more, please visit
http://www.riministreet.com.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “plan,” “expect,” and similar expressions
are intended to identify forward-looking statements. These
forward-looking statements are subject to risks and uncertainties,
and are based on various assumptions. If the risks materialize or
our assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. Rimini Street assumes no obligation to update any
forward-looking statements or information, which speak only as of
the date of this press release.
Rimini Street and the Rimini Street logo are trademarks of
Rimini Street, Inc. All other company and product names may be
trademarks of their respective owners. Copyright © 2015. All rights
reserved.
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Rimini Street, Inc.Alma Park, +1
323-229-7282apark@riministreet.com