OSG Corporation Extends Oracle EBS Support with Rimini Street Until 2029

In a significant move for enterprise software management, OSG Corporation, renowned as a leading global manufacturer of precision cutting tools, has announced the extension of its support contract with Rimini Street, a premier provider of third-party maintenance services for software such as Oracle, SAP, and VMware. This renewed partnership is set to last until 2029 and is aimed at accelerating OSG's growth and profitability goals.

Rimini Street, celebrated for its innovative Rimini Smart Path™ approach, promises substantial cost savings. The solution can reduce annual software support costs by as much as 50%, allowing companies to reinvest those savings into strategic initiatives and innovations while ensuring that critical business systems operate optimally over the long term. By adopting this strategy, OSG Corporation has successfully cut IT operational costs by 8%, freeing up resources for automation initiatives within its factories.

Takeshi Harada, the head of OSG’s Information Systems Department, expressed, "Following vendor roadmaps often forced us into continual upgrades for unnecessary features. With the Rimini Street contract, we regained control over our IT roadmap based on our business needs, significantly reducing our fixed costs for Oracle maintenance and operations, which accounted for 86% of our overall IT budget. This has enabled us to escape the cycle of upgrades and reduce total IT costs to 78%, securing funds and flexibility for new value creation."

Seth Ravin, CEO of Rimini Street, commented, "Currently, about 90% of IT budgets are exhausted on system maintenance, leaving only a meager 10% for innovation and growth. This is simply inadequate. Our mission at Rimini Street is to help companies like OSG reclaim critical resources, enabling them to invest in programs that promote further cost reduction, efficiency, and growth opportunities."

Instead of conforming to vendor roadmaps, OSG has prioritized "stability," "realism," and "innovation." Established in 1938, OSG has built a reputation for providing high quality and high-performance cutting tools. When they implemented Oracle E-Business Suite (EBS) in 2010, their goal was to create an integrated system to enhance efficiency across sales, order management, inventory, accounting, and production operations. However, the strong push for cloud migration and Oracle's roadmap conflicted with OSG’s long-term vision.

Harada further elaborated, "We considered migrating to the cloud, but ultimately decided against it. The current on-premises EBS is constructed on an architecture that would incur exorbitant costs to replicate equal availability in the cloud."

The decision to continue on-premises operations has not stifled OSG’s innovation. On the contrary, OSG is steadily advancing efficiency through a hybrid approach, where Rimini Street supports the stable operation of core systems while integrating new digital tools.

"Our objective is to enhance factory productivity by linking our existing customized systems with new digital tools. With Rimini Street’s support, we can achieve innovation that aligns with our requirements and timeline," Harada noted.

The long-term partnership with Rimini Street has proven beneficial for OSG, leading them to extend their contract until February 2029. This extension clearly indicates OSG’s recognition of the substantial value derived from their strategic partnership with Rimini Street.

Harada reflected, "The relationship with Rimini Street has remained unchanged since the outset of our contract. This is a rarity, and they continue to support us with the same level of care and attention as when we first contracted with them. We highly value their expertise and insightful advice."

Nobutaka Kubo, Chief Technology Officer at Rimini Street Japan, expressed, "We are truly honored that OSG has chosen us as a long-term partner. Our continuous trust and collaboration contribute to the success of OSG and reflect our shared principle that 'business needs come first, and technology is an enabler.' We are committed to assisting OSG in realizing its vision of leading the cutting tool industry."

For detailed insights into the innovations propelled by OSG and Rimini Street’s partnership, please visit Rimini Street’s website. The company offers a comprehensive portfolio supporting a variety of applications including SAP, Oracle, and VMware, focusing on delivering competitive advantages, profitability, and growth through high-speed and reliable support and managed services.

About Rimini Street

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000 company, is a global provider of end-to-end enterprise software support and innovation solutions, leading the industry in third-party maintenance services for Oracle, SAP, and VMware software products. With a comprehensive portfolio of integrated solutions designed for the execution, management, support, customization, configuration, and protection of enterprise applications, Rimini Street serves customers including Fortune Global 100 and Fortune 500 companies, mid-sized businesses, and public sector organizations, helping them achieve better operational results, realizing billions in cost savings, and redirecting funds for AI and other innovation investments.