Valspar Picks Rimini Street for Support - Analyst Blog

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Leading paint and coatings maker The Valspar Corporation ( VAL ) has selected Rimini Street, Inc., a leading third-party provider of enterprise software support services, to handle its ERP software roadmap, Oracle E-Business Suite 11.5.10.

The support system will help Valspar generate savings by significantly reducing its annual support cost. It will also allow Valspar to reallocate resources from its total global IT budget toward strategic growth initiatives.

Valspar is focusing on implementing its Oracle E-Business Suite R11 with the flexibilities offered by Rimini Street to manage the cycles more efficiently. Thus, Valspar is avoiding spending money to upgrade to Oracle E-Business Suite R12.

Valspar focuses on expanding its business internationally and this partnership will benefit the company to deploy its resources and prioritize upgrades.

While Valspar continues to implement its dynamic global growth strategies, it has attained a more valued partnership with Rimini Street that lasts beyond break/fix software support. Apart from just providing support for customizations, interoperability, performance and interfaces at no additional costs at the support level, Rimini Street also offers strategic guidance and internal business consultation to Valspar.

Rimini Street also provides a premium-level service model with an assigned Primary Support Engineer (PSE) to its clients that can be availed all the time. This model chucks out the requirement for extra maintenance resources and headcount related with inefficient, burdensome vendor support processes and policies.

Headquartered in Las Vegas, Rimini Street is an independent maintenance and support provider for enterprise software. Their redefining, innovative enterprise support enables companies to run their existing Oracle and SAP applications for at least a decade, saving up to 50% on annual support fees. Rimini Street provides support to more than 660 organizations around the world including 75 of the Fortune 500 and 16 of the global 100.

The enterprise softwares for which Rimini Street extends their supports include SAP AG 's ( SAP ) Business Suite and Business Objects software and Oracle 's ( ORCL ) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software. Some partners of Rimini Street include Microsoft Corp. ( MSFT ), Quest International and Oracle Application Users Group (OAUG).

Valspar currently retains a Zacks Rank #4 (Sell).



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: MSFT , ORCL , PSE , SAP , VAL

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