Rimini Street, a software support service provider, has merged with alternative investment firm GP Investments Acquisition Corp. (Nasdaq: GPIA) in a deal valuing the newly combined company at $837 million. Rimini Street will be traded publicly under the ticker symbol (Nasdaq: RMNI) as part of the deal.
Rimini Street provides a variety of support services for software, security, risk avoidance, technology, archiving, and account management. The Las Vegas-based company, founded in 2005, supports a range of Oracle (NYSE: ORCL) and SAP (NYSE: SAP) software including SAP Hana Database and Oracle Retail. Funds from the merger agreement will be used as additional growth capital to expand service offerings and capabilities.