Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced it has achieved its sustainability goal of using 100 percent renewable energy at its data facility operating within Switchs Data Centers (NYSE: SWCH). Because Switch is powered by 100 percent clean energy, Rimini Street operations at Switchs Data Centers result in zero greenhouse gas emissions. To mark the achievement, Switch issued its proprietary Sustainability Certificate to Rimini Street. The Company moved its primary data to Switchs Core Campus in Las Vegas, Nevada in 2015.
This sustainability certificate recognizes that Switch retired over 280 geothermal and solar renewable energy credits between 2016 and 2017 on behalf of Rimini Street, making the companys energy consumption 100% green at Switchs data center facility. These renewable energy credits comply with Greenpeaces principles of locality, additionality, and sustainability, and were generated by Nevada solar farms and geothermal power plants. A Renewable Energy Credit (REC) is proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource and delivered to the energy grid. Each REC is independently tracked and verified. A REC represents the environmental attributes of the power produce from eligible renewable projects and may be sold separately from the electricity produced from the source.
Migrating our data centers to Switch has enabled Rimini Street to reduce our carbon footprint and overall environmental impact, said Steven Salaets, senior vice president, Global Security & Compliance, and CIO at Rimini Street. We are honored to accept the Switch Sustainability Certificate for 100 percent renewable energy, which reinforces our commitment to conducting business responsibly. Rimini Street moved its primary data to the Switch Data Center to assure our mission-critical data is housed in one of the most secure, protected facilities in the world.
Helping environmentally conscious companies like Rimini Street achieve their own sustainability goals of 100 percent renewable energy usage by being in Switchs 100 percent green energy powered data centers is a core value of our company, said Switch executive vice president of Strategy, Adam Kramer. Switchs advanced power and cooling technologies, remarkable power usage effectiveness ratings, and high-density rack configurations allow customers such as Rimini Street to fit their IT equipment into a smaller footprint while dramatically reducing their energy consumption.
About Rimini Street, Inc.
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Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products. The Company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, Salesforce, SAP and other enterprise software vendors to save up to 90 percent on total maintenance costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,620 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)
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 as to future events, future opportunities and growth 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 Streets business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, continued inclusion in the Russell 2000 Index in the future, 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 litigation developments or in the government inquiry; the final amount and timing of any refunds from Oracle related to our litigation; our ability to raise additional equity or debt financing on favorable terms; the terms and impact of our 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the success of our recently introduced products and services, including Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products; the loss of one or more members of Rimini Streets management team; uncertainty as to the long-term value of Rimini Streets equity securities, including its common stock and its Preferred Stock; and those discussed under the heading Risk Factors in Rimini Streets Quarterly Report on 10-Q filed on August 9, 2018, which disclosures amend and restate the disclosures appearing under the heading Risk Factors in Rimini Streets Annual Report on Form 10-K filed on March 15, 2018, and as updated from time to time by Rimini Streets future 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 Streets 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 Streets 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 Streets assessments as of any date subsequent to the date of this communication.
2018 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.
This document was created by Rimini Street, Inc. (Rimini Street) and is not sponsored by, endorsed by, or affiliated with Oracle Corporation, SAP SE or any other party. Except as otherwise expressly provided in writing, Rimini Street assumes no liability whatsoever and disclaims any express, implied or statutory warranty relating to the information presented, including, without limitation, any implied warranty of merchantability or fitness for a particular purpose. Rimini Street shall not be liable for any direct, indirect, consequential, punitive, special, or incidental damages arising out of the use or inability to use the information. Rimini Street makes no representations or warranties with respect to the accuracy or completeness of the information provided by third parties, and reserves the right to make changes to the information, services or products, at any time.
Rimini Street, Inc.
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