RMNI - Rimini Street leadership move

Does anyone have RMNI on the radar?
The have just hired a new Chief Revenue Officer with prior executive experience at Cisco and HP.

1 Like

That is interesting 3bCat. What made you look at it and are you invested in it and why?

I just glanced at it but 120 million cash, 70 million debt, and 5 million in cashflow from last 10K. Profitable to which was surprising for such a small company. But it’s in Las Vegas, seems like an out of the way company. I would have expected a SAS company in Silicon Valley.

Thanks,
Andy

I have worked with the company for SW licensing deals. They are a potential lawsuit mine. Also, as software moves from on-prem to cloud and subscription model, the long-term model is very suspect.

1 Like

I did notice on their financials they had a line Item for lawsuits. Thanks

Andy

I think they have an interesting business, and seem to be ruffling the feathers of some big money; making them a “Disrupter.” Multi-national clients and CRO hire with a track record. It also seems like they could be under-valued.