With 8% reduction in total IT operating costs achieved by choosing Rimini Street, Japanese manufacturer commits to a long-term partnership as part of its strategic plans to self-fund productivity-enhancing initiatives for growth
LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced that OSG Corporation, a global leader in the precision manufacturing of cutting tools, rolling dies, and machine parts, has extended its contract with Rimini Street to help accelerate its growth and profitability goals.
Following the Rimini Smart Path™, which starts with delivering deep savings by reducing annual software support fees by up to 50%, then keeping mission-critical systems running optimally into the future and reinvesting the significant savings into strategic initiatives and innovation, OSG achieved 8% reduction in total IT operating costs, freeing up resources to fund its factory automation initiatives.
“The vendor’s roadmap would have required us to keep upgrading for features we didn’t need,” said Go Harada, OSG’s head of IT strategy. “Signing with Rimini Street restored our ability to take control of our IT roadmap based on our business needs, and as a result, we achieved significant reduction in our fixed costs for Oracle maintenance and operation. These costs accounted for 86% of our total IT budget. With Rimini Street, we are no longer on the upgrade treadmill and were able to drive our total IT costs down to 78%, giving us the funds and flexibility to invest in creating new value.”
“Nearly 90% of today’s IT budgets are being used to ‘keep the lights on,’ leaving only 10% for innovation and growth. That is simply not enough,” said Seth Ravin, CEO of Rimini Street. “At Rimini Street, our mission is to help organizations like OSG gain back more of those critical resources needed for projects that deliver even greater savings, more efficiency and growth potential for the business.”
Choosing Stability, Pragmatism and Innovation Over the Vendor’s Roadmap
Since its founding in 1938, OSG has built its reputation on delivering high-quality, high-performance cutting tools. After selecting Oracle E-Business Suite (EBS) in 2010, OSG aimed to create a streamlined system to manage sales, order management, inventory, accounting, and production. However, OSG quickly realized that Oracle’s roadmap and push to the cloud conflicted with its own long-term IT vision.
“We considered migrating to the cloud, but decided against it,” Harada explained. “Our current EBS is built on an on-premises architecture and replicating that level of availability in the cloud would be extremely costly.”
OSG’s decision to stay on-premises isn’t hampering innovation. Instead, the company uses a hybrid approach, integrating new digital tools that enhance efficiency while Rimini Street maintains its core stability.
“Our goal is to connect our existing, customized systems to new digital tools in a way that increases factory productivity,” Harada noted. “Rimini Street makes it possible to deliver new innovations to support our business needs, on our terms and timeline.”
Cementing a Long-term Commitment Based on Unwavering Service Quality
After years of experiencing a growing list of benefits from working with Rimini Street, OSG recently extended its contract through February 2029 – a clear indication of the value they find in their strategic partnership. Harada shares, “Over the years, the relationship hasn’t changed and that’s rare. Rimini Street has treated us with the same level of care and attention as they did when we first signed on, and we value their expertise and guidance.”
“We are deeply humbled by OSG’s decision to select Rimini Street as its long-term partner,” said Nobutake Godo, Regional CTO of Rimini Street Japan. “The enduring commitment from both parties to each other’s and the region’s success is founded on the shared principal that business needs come first, technology second. We look forward to the years ahead, working together to strengthen and deliver on OSG’s vision to dominate the tool manufacturing industry.”
Learn more about OSG Corporation’s story of innovation in partnership with Rimini Street here.
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About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider, achieving better operational outcomes and realizing billions of US dollars in savings used to fund AI and other innovation investments.
To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.
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Contacts
Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com