Rimini Street, Inc. (NASDAQ: RMNI) announced a new third‑party support agreement with KleanNara, a leading South Korean paper‑manufacturing company, to provide maintenance for its SAP ECC 6 and Oracle Database systems. The partnership is designed to cut KleanNara’s vendor‑support costs by roughly 50 percent and to accelerate the Korean firm’s digital‑transformation agenda, which includes AI‑driven analytics and cloud expansion.
The deal follows Rimini Street’s recent expansion into the Asia‑Pacific market, adding a large, legacy‑ERP customer that operates a substantial SAP and Oracle footprint. By consolidating support under Rimini Street, KleanNara aims to free up capital and IT resources for new innovation projects such as an AI‑powered analytics platform and expanded cloud services. The contract also positions Rimini Street to deepen its presence in a high‑growth region where many enterprises are seeking cost‑effective alternatives to vendor‑managed support.
Rimini Street’s Q4 2025 earnings, released on February 19 2026, showed a revenue beat of $109.8 million versus analyst estimates of $105.48 million to $107.6 million, but an EPS miss of $0.01 versus expectations of $0.07 to $0.0782. The company’s revenue decline of 3.9 % in Q4 and 1.7 % for the full year was largely attributed to the wind‑down of its Oracle PeopleSoft support services. Despite the decline, Rimini Street’s net income swung to a $37.1 million profit for 2025 from a $36.3 million loss in 2024, reflecting a successful transition away from PeopleSoft and a focus on higher‑margin AI and subscription services.
The new KleanNara contract adds a significant long‑term revenue stream that helps offset the revenue impact of the PeopleSoft wind‑down. It also demonstrates Rimini Street’s ability to secure large, high‑value contracts in a competitive market, reinforcing its narrative of delivering substantial cost savings while enabling clients to invest in new technology. The partnership aligns with the company’s broader strategy to expand its third‑party support portfolio and to capitalize on the extended support window for SAP ECC 6, which is set to end mainstream support in 2027 but will receive extended support until 2030.
Rimini Street’s management highlighted the win as evidence of its “solid execution and continued accelerating sales growth, adjusted for the Oracle PeopleSoft support and services wind‑down.” The company reiterated its full‑year 2026 guidance for revenue growth of 4 % to 6 % and Adjusted EBITDA margins of 12.5 % to 15.5 %, signaling confidence in its AI‑ERP platform and the continued demand for cost‑effective third‑party support solutions.
The KleanNara agreement underscores the growing market opportunity for third‑party maintenance providers as enterprises seek to extend the life of legacy ERP systems while preparing for cloud and AI initiatives. Rimini Street’s ability to secure this contract in the Asia‑Pacific region demonstrates its expanding global footprint and positions it to capture additional opportunities in markets where SAP and Oracle remain entrenched.
The announcement is a material event that enhances Rimini Street’s revenue base, supports its strategic shift toward AI and subscription services, and strengthens its competitive position in a market poised for continued growth.
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