Rimini Street, Inc., a leading third party support and maintenance provider for PeopleSoft, announced results for its fiscal first quarter ended March 31, 2011. The company has recorded the highest quarterly revenue in its history – a growth of nearly 100 percent in year-over-year quarterly sales bookings compared to the first quarter of 2010. The Company’s fiscal first quarter results also include a record high sales bookings backlog of $238 million dollars and strong client renewal rates.
Rimini Street which was in news with the Oracle law suits, had earlier appointed industry veteran Sebastian Grady as its President and COO. The Company that charges only a quarter of Oracle’s maintenance contracts, has signed more than 400 total clients, including 38 of the Fortune 500 and 11 of the Global 100.
The Company currently supports client operations in more than 60 countries, with the capability of supporting clients in nearly 200 countries. The Company has approximately 180 employees in North America, Europe and the Asia-Pacific regions.
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