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Rimini Street Statement on U.S. Federal Court Ruling
LAS VEGAS--(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the
About this update from Rimini Street, Inc.
[{"type":"text","content":" LAS VEGAS--(BUSINESS WIRE)--\nRimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today issued the following statement in response to the July 24, 2023 Order issued by the U.S. Federal Court for the District of Nevada in the Oracle v. Rimini Street litigation (“Rimini II”):\n\n\nRimini Street and Oracle have been in litigation for more than 13 years. While the U.S Federal Courts confirmed long ago that third-party software support is legal, the Rimini II litigation is related to the manner in which Rimini Street provides support services for certain Oracle product lines. Rimini Street is not prohibited from providing support or services for any Oracle products.\n\n\nJust days before the jury trial was set to begin in the Rimini II litigation, Oracle withdrew all its claims against Rimini Street and its CEO, Seth A. Ravin, for monetary relief of any kind under any legal theory in the litigation. Rimini Street’s remaining counterclaims and Oracle’s remaining claims seeking only equitable relief were tried before the Court as a non-jury trial that started on November 29, 2022 and ended on December 15, 2022. The Court issued its Order on July 24, 2023.\n\n\nRimini Street Prevails in Trial on Many Significant Legal Points\n\n\nRimini Street is pleased that it prevailed in Court on many significant legal points, including the following:\n\n\n\nOracle brought infringement claims seeking injunctive relief as to five (5) products lines and failed as to four (4) of them.\n\n\n\nThe Court entered a declaratory judgment of non-infringement for EBS software.\n\n\n\nThe Court rejected Oracle’s argument that Oracle’s license agreements, or the Court’s prior orders, prevent Rimini Street from documenting its own “know how” and code in technical specifications used with multiple clients.\n\n\n\nThe Court held that the pertinent software licenses do not prohibit Oracle’s customers from hiring a third party like Rimini Street to perform updates or fixes to the same extent the Oracle customer could under the pertinent license.\n\n\n\nRimini Street Plans to Appeal and Has Successful History with Appeals\n\n\nIn addition to the key legal points where Rimini Street prevailed in Cou...