[By NBC-1TV H. J Yook]Rimini Street, Inc., the leading independent maintenance and support provider for enterprise software, including SAP AG’s (NYSE: SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail software, today announced its financial results for the fourth quarter and full year ended December 31, 2013.

"Our performance for the fiscal fourth quarter and full-year 2013 demonstrates increased demand and adoption of independent maintenance and support solutions,” said Seth Ravin, CEO, Rimini Street. “We provide for our clients a premium support model with guaranteed service levels, break/fix support and tax, legal and regulatory updates for their mission critical systems. Rimini Street is executing to its global business plan and remains singularly focused on delivering innovative service and value to its expanding client base around the world.”

“We had record fourth quarter and full-year net revenues on solid global business momentum,” said Ed Schaffer, CFO, Rimini Street. “Annualized subscription revenues grew 45.4% year-over-year to $74.8 million. We also made significant investments during the quarter and full year to expand our operations and capabilities globally.”