Wednesday, May 31, 2023

Rimini Street Announces the 2023 RMNI LOVE™ $50,000 Grant Program Winners

 Five Tokyo-based charities selected to each receive $10,000 grants from the Rimini Street Foundation to further their mission and impact


 


(BUSINESS WIRE)--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 winners of its second annual RMNI LOVE™ Grant Program, each receiving $10,000 to further their significant impact for their respective communities served. For 2023, Tokyo, Japan was selected as the host city of the program, with applications pouring in from a wide range of certified charities in the city and nearby regions.


The final winners of the program were 10s and 20s Pregnancy SOS, Empowerment Kanagawa, Family House, Food Bank Shibuya and Shine On! Kids.


How the Grant Winners Were Selected


The rigorous process of selecting the top five charities to receive the grant administered by the Rimini Street Foundation – the privately funded charitable program of Rimini Street, Inc. and its global subsidiaries – involved a three-tiered qualification, elimination and voting method. The first round of reviews was conducted by select team members from the Japan region, then by all of the regional Committee Members that represent the diverse cultures and backgrounds of Rimini Street colleagues, and finally by the Committee Chair, Committee Lead and Committee Secretary.


“The most difficult part of the RMNI LOVE program is the voting and selection process, as each charity is unique and deeply passionate in their mission to serve the community,” said Janet Ravin, committee chair, Rimini Street Foundation. “Each nomination received further opens our eyes and hearts to understand the vast spectrum of challenges our neighbors face and fuels our determination to ‘leave the world a better place than the way we found it.’”


Meet the 2023 RMNI LOVE Grant Winners


10s and 20s Pregnancy SOS – Established in 2016, this charity focuses on prevention of sexual assault and unwanted pregnancies and provides support and care for young expectant parents and infants. By offering free counseling and outreach for young teens between the age of 12 to early 20’s, which include body awareness education, contraception option education, and how to seek help if in a sexually abusive relationship or home situation, the charity can help stop the cycle of abuse often passed down to the newborn. Through collaborative work with welfare and administrative programs and health centers, 10s and 20s Pregnancy SOS helps young adults find a road to independence and healing. The $10,000 grant received will be allocated towards its outreach efforts, to make their services more accessible to the public and to ensure the growing number of families seeking their support receive the care they need to start again.


Empowerment Kanagawa – On a nearly 20-year mission to eliminate domestic violence, bullying, abuse, sexual violence and other forms of assaults whether physical or verbal, Empowerment Kanagawa is modeled after the Child Assault Prevention (CAP) program originating in the USA; the programs are aimed at partner abuse prevention for teenagers, young adults and adults with different abilities. To date, 9,500 workshops, conducted in person and online, have been offered and attended by 350,000 children and adults covering abuse prevention and counseling, human rights, as well as trainings for teachers, staff and childcare workers. The $10,000 grant will be used for its Domestic Violence Specialist Consultant Dispatch Program for teenagers in troubled relationships.


Family House – For families who must travel to Tokyo to receive life-saving or life-sustaining pediatric cancer or other medical treatments for their child, covering the cost of accommodations may be a great obstacle, one that could be a roadblock to their child receiving the care they need. To ensure this is never the case, Family House built safe, secure and sanitary facilities for children and their families to stay near the hospital during their treatment program for 1000 yen (roughly $7 by today’s currency exchange rates) per night, per person. To date, across their eight facilities offering 15 rooms, 225 families have used 2974 days of accommodations thanks to the generosity of donors and thousands of volunteers. The $10,000 grant will help support the cost of maintaining the facilities and operations and ensure families can remain focused on the recovery of their child during the most critical of times.


Food Bank Shibuya – Serving as a “gateway to help” in the community, Food Bank Shibuya is focused on addressing the root cause of food insecurity by offering counseling and connections to support organizations and programs that can help individuals and families find a path to independence. Each year, 700 households in the Shibuya region find solace in the aid offered by this food bank, which also provides another brilliant purpose – food rescue. Through the help of volunteers and donors, they are able to reduce the cost of operations, minimize waste and increase the wellness and welfare of families in need. The $10,000 grant will go towards expanding their counseling program, which will help identify chronic issues and appropriate long-term solutions.


Shine On! Kids – Through the entire lifecycle of a child’s pediatric cancer journey, from diagnosis, treatment, recovery and post-recovery, Shine On! Kids is by the children and their family’s side, ready and willing to help ease the emotional and physical burden however they can. One of the many extraordinary services they offer is their “Hospital Facility Dog” program which brings much appreciated animal therapy to the children, as well as to their caregivers and medical staff. Shine On! Kids was the first in Japan to introduce a full-time animal-assisted therapy facility, and its impact on the thousands of beneficiaries has resulted in happier, calmer patients, speedier time to recovery, and improvement in the quality of life for the individuals served. With the $10,000 grant, the organization plans to adopt, train and ready a new qualified service dog to expand their reach and invest in strengthening their ability to scale their organization locally.


Learn more about the Rimini Street Foundation and the nearly 450 charities supported to date at https://www.riministreet.com/foundation/, and enjoy highlights from the 2022 RMNI LOVE Grant Day Celebration hosted at the company headquarters in Las Vegas, Nevada, USA.


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 5,100 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)


Forward-Looking Statements


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 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’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability and manage our cost of revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle, and risks relating to retention rates; the loss of one or more members of our management team; our ability to attract and retain qualified employees and key personnel; challenges of managing growth profitably; 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; the impact of environmental, social and governance (ESG) matters; actions in response to any lingering impacts of the COVID-19 pandemic and its economic, operational and financial impacts on our business; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 3, 2023, and as updated from time to time by Rimini Street’s 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’s 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’s 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’s assessments as of any date subsequent to the date of this communication.


© 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.


 


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Contacts

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com