Rimini Street appoints Greater China executive; posts growth in Q3

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Independent software support provider Rimini Street has appointed Frank Chou as general manager, Greater China, as the company seeks to expand its service offerings across the Asia-Pacific region.

Rimini Street is expanding operations in Greater China, which includes China, Hong Kong and Taiwan, due to strong local demand, as well as fast-paced growth throughout the APAC region, including a 231 per cent increase in APAC revenue in the year to end of June 2015, compared with the previous year, and a 142 per cent increase in signed clients across the region.

Chou joins Rimini Street from China National Chemical Corporation (ChemChina), where he served as CIO and led management transformation and IT initiatives. Prior to this, Chou was a consultant with Accenture for over 20 years, ending his tenure as the lead partner for the firm’s Greater China Energy/Natural Resources and 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.”

Rimini Street currently supports 67 global companies with operations in Greater China, including ChemChina, Sympatex Holding GmbH, NCH Corporation, Tempel Steel Company and Southco.

The company also announced its preliminary Q3 2015 results, reporting a 38 per cent increase in revenue for the third quarter to $30.8 million. Total signed clients as at 30 September also increased 31 per cent year over year to 1164.

“We continued to execute on our worldwide growth and expansion plan in FYQ3 2015, including making key global investments in top leadership talent, expansion of our service capabilities and staff, and launching new service offerings such as support for Oracle Agile PLM software,” said Seth Ravin, Rimini Street CEO. “We are also proud to lead the industry in our breadth of value-driven support services and our commitment to delivering an excellent client service experience for Oracle and SAP licensees worldwide.”

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