Rimini Street, Inc. (NASDAQ:RMNI) is one of the undervalued technology penny stocks to buy now. On January 6, Rimini Street, Inc. (NASDAQ:RMNI) announced that SP Electricity North West has resolved long‑standing SAP system challenges by switching to Rimini Support and implementing its single sign-on solution. Rimini Street (RMNI) Gains Momentum With SP ENW and Tidewater ERP Wins Copyright: welcomia / 123RF Stock Photo The UK energy provider, serving over 5 million customers, cut overhead costs worth hun ...

Core Insights - Rimini Street, Inc. has expanded its partnership with Tidewater, the largest offshore service vessel fleet operator, enhancing its role as a third-party support provider for enterprise software solutions [1][9] Group 1: Partnership Expansion - The partnership began in Brazil, where Tidewater selected Rimini Street for support of its Oracle PeopleSoft ERP system, leading to further collaboration on SAP and tax software solutions [2][4] - Rimini Street's successful engagement in Brazil resulted in a global work award, facilitating a seamless implementation across Tidewater's worldwide operations [2][4] Group 2: Service Offerings - Tidewater expanded its portfolio with Rimini Street to include Rimini Connect™ and Rimini Consult™, addressing interoperability issues and providing tailored professional services [4][5] - Rimini Connect™ is utilized by Tidewater to ensure a disruption-free solution for security patch management, while Rimini Consult offers expertise for consolidating ERP systems [4][5] Group 3: Client Satisfaction - Tidewater's CIO, Lee Johnson, highlighted the effective communication and technical expertise provided by Rimini Street, resulting in cost savings and improved system performance [3][5] - The partnership has enabled Tidewater to automate tax reporting and unlock operational efficiencies, allowing the company to focus on high-value initiatives [6] Group 4: Strategic Value - Rimini Street is recognized as a trusted advisor and strategic partner, helping Tidewater navigate technical challenges and drive innovation [7] - The collaboration is aimed at creating value for Tidewater's business, with a focus on fast and lasting results [5][6]

Core Insights - Rimini Street, Inc. (NASDAQ:RMNI) is recognized as a promising investment in the AI sector, particularly following its recent partnership with the Korean Broadcasting System (KBS) [1][2] - The collaboration allows KBS to maintain its existing SAP ECC 6.0 system, avoiding an upgrade to S/4HANA, while also cutting annual software maintenance fees by 50% [2][3] - KBS plans to utilize Rimini Street's extensive organizational data, accumulated over 20 years, to enhance AI projects aimed at improving program time to market and operational efficiency [2][3] Company Overview - Rimini Street, Inc. specializes in AI-powered applications and services that enhance enterprise software support and automation for clients [3] - The company's AI applications are designed to identify issues, assign suitable engineers to cases, detect anomalies, and utilize historical data to expedite issue resolution [3] Strategic Partnership - The partnership with KBS is seen as a strategic move to support KBS's AI vision while leveraging existing systems rather than incurring costs for new upgrades [2][3] - KBS's IT director emphasized that the customized SAP ECC 6.0 system is a competitive differentiator, providing valuable data for AI initiatives [3]