Apologies to Bob Seger, but catching up with Rimini execs today they feel they have enough momentum from organic growth in third party maintenance revenues around Oracle applications - that they have decided against a possible acquisition bid for the SAP TomorrowNow unit. SAP, embroiled in a lawsuit with Oracle, has announced plans to divest that business unit.
Rimini revenues doubled compared to the same quarter last year and more than 39% quarter-over-quarter compared to the fourth quarter of 2007.
Rimini is capitalizing as more customers are saying the bigger enterprise software vendors are just too high-maintenance.
As I like to say just because you bought a Porsche you do not have to go back to the authorized dealer for all services. Indeed, Consumer Reports in its latest issue says Owners prefer Independents to dealers...
