Business Wire

Rimini Street Launches Rimini Protect™ Security Suite to Better Protect Organizations From Continuously Evolving Cybersecurity Threats

Share

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, has launched Rimini Protect™, a new suite of security solutions that is always on 24x7x365 and provides a more comprehensive layer of security that surrounds and protects enterprise IT infrastructure and applications. For years, Rimini Street has provided proven and proactive advanced “zero-day” security solutions for our clients’ enterprise software applications, middleware, and databases, and these solutions are now available with additional new offerings in the new Rimini Protect suite.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220727006028/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Rimini Street Launches Rimini Protect™ Security Suite to Better Protect Organizations From Continuously Evolving Cybersecurity Threats (Graphic: Business Wire)

Security Protection is a Top Priority

A data breach can harm organizations and their customers or constituents, in 2021 alone, there were 623 million ransomware attacks. The average cost of a data breach is $4.2 million and 25% of all data breaches are motivated by espionage or stealing commercial information. The downtime and remediation of a security breach may be monetarily costly, but often the reputational damage does more harm to an organization.

The bad actors who want to steal data and disrupt operations can attack from a myriad of vectors that target multiple system layers and components. In a world of continuously evolving cybersecurity threats, new vulnerabilities are identified regularly – and there are always the risks of unidentified vulnerabilities as well. Organizations must invest in security solutions that both prevent breaches and also provide “zero-day” protection against vulnerabilities before they can be exploited. The first time a vulnerability is exploited it is called a “zero-day” attack.

Some organizations still primarily rely on reports and patches from their software vendor for protection against attacks, but this strategy may have several shortcomings:

  • Dangerous limitations – do not address custom code, unsupported releases, or unknown vulnerabilities
  • Not timely – can take weeks, months, or even years to be delivered by a software vendor – and sometimes no patch is provided at all
  • Labor-intensive – may require a product or technology upgrade and might need to be regression tested before rolling into production
  • Ongoing risk – may not be adequate to sufficiently protect against an identified vulnerability

Rimini Street is Already a Trusted Partner for Security

Thousands of organizations trust Rimini Street with supporting their mission-critical applications and data, and many of those clients have already expanded their Rimini Street relationship to include our global, innovative security solutions. The Rimini Street security portfolio, available to clients for years, includes solutions for proactively protecting our clients’ Oracle and SAP applications, middleware, and databases.

Defense in Depth Protections Are Essential

In today’s digital-first economy, organizations should build and maintain multiple layers of security – including protecting the database layer where critical data is stored – as a part of a “Defense in Depth” cybersecurity strategy.

Now Rimini Protect enhances a “Defense in Depth” strategy with full-stack solutions to achieve zero-day security protection against the threat of known and unknown, unreported vulnerabilities. Rimini Protect holistically includes layered application and database security software and service solutions:

Rimini Street Advanced Application and Middleware Security, which protects against both known and unknown vulnerabilities using Java Runtime detection and remediation before attacks reach their intended target, including releases that are no longer fully supported by the vendor.

Rimini Street Advanced Database Security, a next-generation database security solution, helps protect databases from known and unknown vulnerabilities by continuously monitoring and analyzing shared memory.

Rimini Protect™ for SAP Applications is a fully managed service providing shields that remediate applications’ vulnerabilities at speed and scale without touching a line of code, protecting from even sophisticated attacks.

Global Security Services are delivered by Rimini Street expert security engineers who help organizations maintain the most complete and hardened cybersecurity posture possible in consideration of their particular circumstances. These services include security assessments, hardening and configuration guides, security roadmaps and security vulnerability analysis reports (SVARs).

Software Vendor Patching is Dated and Insufficient Protection

According to an Aberdeen Group market research report, “traditional patching is a process that never ends” because technology stacks continue to become more complex and the volume and frequency of vendor-supplied software patches are too overwhelming for IT staff to manage. In contrast, virtual patching “refers to establishing a policy enforcement point that is external to the resource being protected and designed to identify, intercept, and remediate exploits of vulnerabilities before they reach their target.”

“Enterprises that rely on dated software vendor patching models still find themselves vulnerable to attacks because patches address only known vulnerabilities. They do not protect against unknown vulnerabilities. Rimini Protect is one of the many innovative solutions from Rimini Street that help our clients take a smart path with their technology portfolio,” said Gabe Dimeglio, vice president and executive advisor, security at Rimini Street. “Rimini Protect goes well beyond typical software vendor patching to protect the entire environment of applications, middleware and databases using active security controls that monitor activities in real time to identify malicious actions and proactively block processes that attempt to exploit known and new zero-day vulnerabilities.”

Join Rimini Street CEO Seth Ravin and IT security experts on July 28, 2022, as they discuss the evolving and escalating cybersecurity threat environment and how each organization can take control of its own cybersecurity defense with Rimini Protect security solutions.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, nearly 4,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the continuance of the pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the headings “Risk Factors” and “Cautionary Note About Forward-Looking Statements” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 4, 2022, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2022 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Meredith Payette
Rimini Street, Inc.
+1 312-515-4756
pr@riministreet.com

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Forescout Joins CISA’s Joint Cyber Defense Collaborative9.8.2022 18:00:00 CEST | Press release

Forescout Technologies Inc., the global leader in automated cybersecurity, today announced it has joined the Joint Cyber Defense Collaborative (JCDC) to further support the U.S. government’s focus on the cybersecurity and resilience of its industrial control systems and operational technology (ICS/OT). Established by the Cybersecurity and Infrastructure Security Agency (CISA), JCDC connects cyber defenders to enable critical thinking and planning against cyberattacks. “It’s an honor to be included in the newly expanded JCDC-ICS to share Forescout’s leadership and deep expertise in ICS/OT security,” said Tim Jones, Forescout’s US Federal Government VP of Systems Engineering. “Having worked directly with CISA for years, I know this type of collaboration between industry leaders in cybersecurity is exactly what our nation needs to protect against cyberattacks that threaten critical infrastructure systems on which our daily lives depend.” Forescout’s cybersecurity solutions are used by man

Simplifying Software Security: Veracode Enhances Frictionless Experience for Developers9.8.2022 16:50:00 CEST | Press release

Black Hat (booth #2428) – Veracode, a leading global provider of application security testing solutions, today announced the enhancement of its Continuous Software Security Platform with substantial improvements to its integrated developer experience. New features include extended integrations to support software composition analysis (SCA), a software bill of materials (SBOM) Application Programming Interface (API), and additional language and framework support for static analysis, further enhancing developers’ ability to secure software in the environments where they work. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220809005141/en/ Fig. 1 Veracode “Beat the Heat” security flaw heat map, State of Software Security Report v12 (Graphic: Business Wire) Brian Roche, Chief Product Officer at Veracode, said, “Modern applications are mostly assembled, not written from scratch. Open-source code makes up a significant proportion

TNS Targets Global Growth with Strategic Acquisition of AGNITY Global9.8.2022 16:01:00 CEST | Press release

Transaction Network Services (TNS) has today announced the acquisition of AGNITY Global, a leading provider of intelligent business communication applications and infrastructure to organizations in the telecommunications and healthcare industry verticals. The move strategically enhances TNS’ Communications Market global capabilities through AGNITY’s established channel partnerships business model that spans more than 12 countries. It will also enable TNS’ existing customers to benefit from a broader portfolio of next generation solutions. Headquartered in Silicon Valley with development and support operations in Richardson, Texas and Noida, India, AGNITY powers the networks of many global Tier-1 service providers via its scalable, carrier-grade Communication Application Server (CAS). This network agnostic, multi-service software platform offers app components and open APIs that enable service providers to address network technology transition challenges as well as future-proofing their

Evolve Additive Solutions Hires Jeff Blank as COO to Lead the Engineering and Operation Teams9.8.2022 16:00:00 CEST | Press release

Today Evolve Additive Solutions (“EAS”), a global leader in the manufacturing of capital equipment and 3D printed production AM parts, announced the appointment Jeff Blank as the company’s Chief Operating Officer. More recently Mr. Blank was the Chief Operating Officer at NanoVox / Vadient Optics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220808005435/en/ Jeff Blank, COO, Evolve Additive Solutions (Photo: Business Wire) As an industry veteran, Jeff has a diverse engineering and business background with a master’s in mechanical engineering from Stanford University and MBA from the University of Portland. After spending two decades delivering printers for Tektronix and Xerox Corporation, Jeff moved to 3D Systems to run their worldwide engineering and product delivery organization. Jeff specializes in scaling reliable and cost-effective products from concept to commercial success, in hardware, software, and materials. In J

E2open and Shippeo Expand Partnership to Deliver Native Real-Time In-Transit Visibility in the Most Comprehensive Global Supply Chain Management Platform9.8.2022 15:15:00 CEST | Press release

E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, and Shippeo, a global leader in real-time multimodal transportation visibility, have expanded their partnership to provide clients with a new level of native real-time transportation visibility (RTTV) and supply chain execution management in a unified global platform. Building on the success of the companies’ strategic partnership announced in 2020, the newly expanded partnership unlocks additional value for clients by combining an unprecedented level of transportation visibility into e2open’s full range of supply chain planning and execution capabilities, for all modes and all geographies. Industry-first unified experience for the modern, connected supply chain Beyond simply alerting shippers to a transportation delay, the platform enables users to “peer” inside the truck or container to understand the specific goods being moved, how transportation performance

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom