An unknown buyer acquired unknown minority stake in Rimini Street, Inc. from Spice Private Equity AG.
October 07, 2021
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An unknown buyer acquired unknown minority stake in Rimini Street, Inc. (NasdaqGM:RMNI) from Spice Private Equity AG (SWX:SPCE) on October 8, 2021. This transaction is expected to generate net revenues of $13.9 million. The divestiture of all shares owned by Spice in Rimini have so far generated $32.1 million.
An unknown buyer completed the acquisition of unknown minority stake in Rimini Street, Inc. (NasdaqGM:RMNI) from Spice Private Equity AG (SWX:SPCE) on October 8, 2021.
Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support.
RIMINI STREET, INC. 
