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Rimini Street stock soars after Oracle settlement agreement Investing.com -- Rimini Street Inc (NASDAQ:RMNI) stock surged 19% following the announcement of a settlement agreement with Oracle Corporation (NYSE:ORCL) that resolves longstanding litigation between the companies. The settlement, effective July 7, 2025, provides for the resolution and ultimate dismissal of the "Rimini II" case currently before the United States District Court for the District of Nevada. As part of the agreement, Oracle will return approximately $37.8 million to Rimini Street out of the $58.7 million in attorneys’ fees and costs that Rimini paid to Oracle in late 2024. The settlement requires Rimini Street to complete its previously announced wind-down of Oracle PeopleSoft software support services by July 31, 2028. The company had already decided to exit this business segment in July 2024, when it represented approximately $30 million in annual revenue. The agreement includes a "Litigation Standstill" provision preventing the parties from initiating new legal proceedings against each other during the wind-down period. Permanent injunctions from both the "Rimini I" and "Rimini II" cases will remain in effect, with the District Court retaining jurisdiction to enforce them. This settlement appears to end a contentious 15-year legal battle between the companies. The litigation primarily focused on Rimini Street’s methods of providing third-party support services to Oracle software licensees, certain actions involving Oracle copyright notices, and public statements made by Rimini. The companies are expected to jointly move for a stay of all pending proceedings in the Rimini II litigation by July 22, 2025. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in ORCL, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is ORCL one of them?

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The Crunch with Rebecca Wettemann and guest David Rowe of Rimini Street | LinkedIn

Join me for the next episode of The Crunch Tuesday, July 1 at 12 noon ET.

I'll be joined by Rimini Street's David Rowe for a discussion on enterprise software and driving innovation in uncertain times.
www.linkedin.com/events/73454...

#TheCrunch #EnterpriseSoftware #RiminiStreet #Valoir

ServiceNow, Rimini Street partner — Valoir Both ServiceNow and Rimini Street have made innovation and digital transformation without the need to replace legacy ERP systems a cornerstone of their value propositions. The partnership productizes ...

NEW RESEARCH: ServiceNow and RiminiStreet partner.

Read the full report: www.valoir.com/publishedres...

#ServiceNow #RiminiStreet #DigitalTransformation #AI #Valoir