LAS VEGAS - Monday, 04. November 2024 AETOSWire
Rimini
Protect™ Advanced Database Security Suite now provides greater
flexibility and enhanced security for Oracle, SAP, IBM, PostgreSQL and
more, including capabilities exclusive to Rimini Street amongst 3rd
party support providers
(BUSINESS WIRE) -- Rimini Street, Inc.
(Nasdaq: RMNI), a global provider of end-to-end enterprise software
support and innovation solutions, the leading third-party support
provider for Oracle, SAP and VMware software, today announced new and
expanded database security services and solutions to provide more
tailored, flexible and proactive coverage for all organizations, whether
currently supported by the vendor or out of vendor support.
Rimini
Protect™ Advanced Database Security Suite (ADSS) builds on Advanced
Database Security (ADS), a zero-day defense security solution that
addresses entire categories of weaknesses and associated
vulnerabilities.
ADSS currently includes:
Database Assessment
Database Discovery
Custom Rules
and is planned to include:
Security Rule Software Development Kit (SDK) in 2025
These
new ADSS modules are available individually or as a bundle via a
subscription model offered only by Rimini Street. The combined strength
of the solutions and services of ADSS helps mitigate risks by closely
monitoring and proactively protecting critical databases. With Rimini
Street, organizations gain greater control of their security posture at a
flexible cost. Additionally, clients can take advantage of the security
team’s expertise to maximize the benefits of these new modules with
Security Managed Services and Security Professional Services.
“As
the first to market the ADS solution technology in third-party support,
we have seen attempts to follow and imitate our unique, constantly
advancing approach,” said Gabe Dimeglio, group vice president and
general manager of Rimini Protect™. “As the proven global leader of
third-party support, we are held to a higher standard, which is why we
continue to invest in partnerships and develop in-house talent to
implement, operate and address enterprise database security challenges.”
Expansion
of Advanced Database Security (ADS) into Advanced Database Security
Suite (ADSS), including Exclusive Capabilities, Provides Vital Security
and Compliance Capabilities
The expanded capabilities allow clients to benefit from:
Database Assessment: Assists in monitoring environment and identifying
security and compliance issues more efficiently, with more than 7,000
security verifications, which includes audit settings, database
configuration checks and vulnerability scanning and compliance
benchmarks for common regulatory standards including HIPAA, PCI-DSS,
GDPR, SOX and others
Database Discovery: Identifies forgotten
databases, discovers and helps protect data across the entire database
footprint and ensures users have appropriate levels of access
Custom Rules: Allows for the creation of bespoke rules with specific
governance, risk management and compliance needs, such as custom
security policies for industry regulations or IT governance standards,
change control processes enhancement, logging of access to sensitive
data or escalated privileges for auditing and threshold alerts
Security Rule SDK: Will allow the Rimini Protect team to develop
security rules to further protect databases from evolving threats and
attacks, a Rimini Street exclusive amongst third-party support providers
Rimini
Street is also the only third-party support provider that offers
clients the ability to create these Custom Rules with specific
governance, risk management and compliance needs, and now offers the
ability to develop rules for specific situations with Security Managed
Services or Security Professional Services.
“The ability for
Rimini Street to create new Security Rules and Custom Rules is going to
be a true game changer for our clients’ database security. We will
utilize Rimini Street’s extensive database and security knowledge and
experience to create new Security Rules that proactively protect
commercial and Open-Source databases from threat actors, delivering
critical security and compliance capabilities not available elsewhere
the market. The use cases for Custom Rules are limited only by your
imagination. From financial transaction auditing or permissions change
alerting to the blocking of specific actions and/or changes to the
database or the database structure. This is a comprehensive solution
that brings relevant enforcement, compliance, auditing, and reporting
capabilities truly unique to the business’ needs,” said Dimeglio.
Advanced Database Security Provides a Foundation of Proactive Protection and Active Defense
The
Rimini Protect™ Advanced Database Security Suite complements and
enhances existing security strategies by securing databases against
active exploits, known and unknown, zero-day threats and
vulnerabilities, all without modification to vendor code or vendor
security patches.
Key ADSS advantages include:
Ease of
use: Offers easy deployment and configuring capabilities, so product
and security updates can be dynamically updated without restarting
database services
Detection: Provides granular database
monitoring and oversees multiple database attack surface points,
including the network, local host and intra-database
Protection: Prevents intrusion, data theft and other attacks on Database
Management Systems (DBMS), allows for termination and quarantining of
suspicious users from database access, and includes detailed audit
information and user activity for more responsive digital forensic and
incident response (DFIR)
For Ricoh Company, Ltd., a global leader
in image processing and digital transformation solutions, selecting
Rimini Street’s security services for its Oracle Database yielded
real-time, zero-day vulnerability protection without extensive downtime.
Keisuke
Hamanaka, deputy general manager of Process, IT and Data Management at
Ricoh, explained that since deciding to move off of Oracle, the
company’s priority was to maintain and secure its current systems. “We
made a comparative evaluation with other companies offering similar
services and concluded that Rimini Street is the only partner that can
support the Japanese market with the high-quality support and protection
we desire, at a price that aligns with our financial goals,” said
Hamanaka.
Rimini Protect Provides Peace of Mind for IT Leaders
Rimini Protect clients leverage the same industry-leading support process and SLAs for security-related cases, including:
10-minute guaranteed response time for P1 critical issues
Frequent cadence of update communications for every case
Root-cause analysis to help prevent future issues
A
client of both Rimini Protect for its Oracle databases and Rimini
Support™ for Oracle EBS services, Ricoh says Rimini Street has saved the
company hundreds of millions of yen in upgrade costs and staffs highly
skilled support engineers who can cover major ERP and database systems –
and protect them too. Hamanaka added, “In addition to the tangible
benefits of partnering with Rimini Street, these services give Ricoh
peace of mind knowing we have dependable security around the critical
data in our Oracle Databases that back up EBS.”
“With an
ever-changing threat landscape, we continue to innovate our approach to
address our clients’ varied database security concerns,” said Dimeglio.
“Whether to enhance and add to your defense strategy or to maximize the
value of existing systems, Rimini Street offers peace of mind and a
trusted partnership that has proven successful for top leaders,
sensitive government operations and high-security organizations across
the globe. We take great pride in what we do in protecting
mission-critical systems and the irreplaceable data that are always
under attack.”
Learn more about how to strengthen your
organization’s security posture through Rimini Protect™ Advanced
Database Security Suite here.
About Rimini Street, Inc.
Rimini
Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global
provider of end-to-end enterprise software support and innovation
solutions and the leading third-party support provider for Oracle, SAP
and VMware software. The Company offers a comprehensive portfolio of
unified solutions to run, manage, support, customize, configure,
connect, protect, monitor, and optimize enterprise application,
database, and technology software. The Company has signed thousands of
contracts with Fortune Global 100, Fortune 500, midmarket, public sector
and government organizations who selected Rimini Street as their
trusted, proven mission-critical enterprise software solutions provider
and achieved better operational outcomes, realized billions of US
dollars in savings and funded AI and other innovation investments.
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
“anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,”
“expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,”
“possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,”
“will,” “would” 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, adverse
developments in and costs associated with defending pending litigation
or any new litigation, including the disposition of pending motions to
appeal and any new claims; additional expenses to be incurred in order
to comply with injunctions against certain of our business practices and
the impact on future period revenue and costs; changes in the business
environment in which Rimini Street operates, including the impact of any
macro-economic trends and changes in foreign exchange rates, as well as
general financial, economic, regulatory and political conditions
affecting the industry in which we operate and the industries in which
our clients operate; the evolution of the enterprise software management
and support landscape and our ability to attract and retain clients and
further penetrate our client base; significant competition in the
software support services industry; customer adoption of our expanded
portfolio of products and services and products and services we expect
to introduce, as well as the anticipated timing of products and services
we expect to introduce in the future; our ability to grow our revenue,
manage our cost of revenue and accurately forecast revenue; the expected
impact of recent and anticipated future reductions in our workforce and
associated reorganization costs; estimates of our total addressable
market and expectations of client savings relative to use of other
providers; variability of timing in our sales cycle; risks relating to
retention rates, including our ability to accurately predict retention
rates; the loss of one or more members of our management team; our
ability to attract and retain additional qualified personnel, including
sales personnel, and retain key personnel; our business plan, our
ability to grow in the future and our ability to achieve and maintain
profitability; our plans to wind down the offering of services for
Oracle PeopleSoft products; the volatility of our stock price and
related compliance with stock exchange requirements; our need and
ability to raise 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; risks associated with global
operations; 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 regulations; our ability to maintain an effective system of
internal control over financial reporting; our ability to maintain,
protect and enhance our brand and intellectual property; changes in laws
and regulations, including changes in tax laws or unfavorable outcomes
of tax positions we take, a failure by us to establish adequate tax
reserves, or our ability to realize benefits from our net operating
losses; the impact of environmental, social and governance (ESG)
matters; 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 transition to SOFR or other
interest rate benchmarks; the sufficiency of our cash and cash
equivalents to meet our liquidity requirements; the amount and timing of
repurchases, if any, under our stock repurchase program and our ability
to enhance stockholder value through such program; uncertainty as to
the long-term value of Rimini Street’s equity securities; catastrophic
events that disrupt our business or that of our clients; and those
discussed under the heading “Risk Factors” in Rimini Street’s Quarterly
Report on Form 10-Q filed on October 30, 2024, 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.
©
2024 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.
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Contacts
Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com
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