Rimini Street has declared that ‘customers and free market choice are the winners’ a week after the third-party ERP support provider was ordered by a US court to pay Oracle $50 million in damages in a software maintenance case.
Rimini Street wants to shake up the local market for third-party ERP support, claiming that companies are overpaying for software maintenance, which company founder, Seth Ravin, says earns SAP and Oracle a 90 per cent gross margin.
Oracle has subpoenaed scores of Rimini Street customers in connection with its intellectual property suit against the third-party software maintenance provider, but at least one has no interest in complying with its demands.
Oracle's lawsuit against Rimini Street is not slowing the smaller company's momentum, as it logged its best-ever performance in the fourth quarter, according to an announcement Tuesday.
Oracle's ongoing lawsuit against Rimini Street has not deterred the latter company from announcing another addition to its lineup of lower-cost support options for Oracle's software.