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Rimini Street Boosts Investment in Latin America

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Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLM software, has announced its continued strong growth trajectory and investment in the Latin American region due to fast-growing demand for Rimini Street’s premium-level ERP software support for Oracle and SAP licensees.

The Company announced that it has increased its total signed clients in Latin America by 189% year over year in the second quarter ending June 30, 2016, and that it has made numerous strategic hires in the region to meet demand in this fast-growing market. Rimini Street’s best in class support model is a welcome solution to organizations who are interested in growing, expanding and innovating their business in the region despite a difficult economic climate.

Rimini Street also announced that it has increased its recurring Oracle and SAP revenue in Latin America by 57%1 year over year in the second quarter ending June 30, 2016. Today, Rimini Street supports more than 100 global clients with operations in Latin America including well-known local Brazilian companies Atento, Embraer S.A., GRSA, Grupo Rodobens, Infoglobo, MRS Logística S.A. and Tecnisa S.A.

To meet fast-growing demand in the region, Rimini Street has increased its local investment by adding several local senior executives and staff, including highly experienced delivery and support engineers. During the 12 month period ending in June 30, 2016, Rimini Street’s headcount in the region grew 229% year over year compared to the prior 12 month period.

The Latin American economy continues to struggle in 2016 with lower global demand for exports such as oil and gas, mining, and agriculture impacting the entire region. This has had a ripple effect in all areas of business including IT infrastructure costs, with many companies citing a 20 – 30% decrease in their overall IT budgets for 2016. In 2017, this budget line item is expected to decrease another 15%. With these substantial budget challenges, many organizations only have budget to sustain their current IT infrastructure, with insufficient budget left over to fund strategic initiatives.

In Brazil specifically, the country is navigating its worst recession in 25 years. Rimini Street’s unique value proposition – the combination of unsurpassed quality support coupled with substantial savings on annual support costs – has addressed a real economic need. In addition to saving clients up to 90% on their support and maintenance costs, clients are able to run their current software release for a minimum of 15 years, avoiding expensive and unnecessary upgrades to their stable ERP system.

“Brazil’s economy is expected to shrink a further 3.5% this year and organizations are struggling to stay viable in this contracting market, actively seeking solutions for cost reduction while maintaining their competitive edge,” said Edenize Maron, general manager, Rimini Street Latin America. “With a 189% increase in our signed Oracle and SAP clients, it is clear that Rimini Street’s offering is an enormous benefit to Oracle and SAP software licensees in this challenging market – we are helping CIOs realign their IT budgets and unlock extra funds that can be reinvested back into their business. Furthermore, we are aggressively hiring and investing in the best, most experienced on-boarding, support, and delivery talent in our industry to help ensure our client’s success with their switch to Rimini Street independent support.”

Clients in the region who recently made the switch to Rimini Street support include leading Brazil media group Infoglobo.

Infoglobo moved the support of its SAP R/3 4.7 system to Rimini Street in November 2015, and then transitioned to SAP ECC 6.0 while under Rimini Street support. As experienced by all clients who switch to Rimini Street, Infoglobo realized immediate savings that the company can reallocate to more strategic areas of its business.

“Infoglobo has great expectations for our new partnership with Rimini Street. Rimini Street is delivering a more flexible, premium quality service with faster response times, and we get a personalized service approach from our primary support engineer,” said Alexandre Donner, CIO, Infoglobo.

“We are excited to explore new IT investment options now made possible through the significant savings we achieved by switching to Rimini Street support – this includes looking into updating our vast digital infrastructure.”

Atento, the largest provider of customer relationship management and business process outsourcing services in Latin America and Spain, engaged Rimini Street support for its SAP ECC 6.0 platform.

“Atento achieved its leadership position through a dedicated focus on providing superior client service and having a highly engaged employee base, and our SAP system is a critical component of our business operations across 14 countries. However, we did not see the business benefit of an expensive re-platforming to SAP S/4HANA, and wanted to implement a support strategy that would allow Atento to reliably run our current ECC 6.0 system for a minimum of 15 years. We selected a support partner in Rimini Street who could help us maximize our current SAP investment, and at the same time allow us to free up funds to put back into client service initiatives where it really counts,” said Rogerio Ribeiro, CIO, Atento.

Rimini Street Support for Dynamic, Complex Latin American Tax and Regulatory Laws

Licensees in Latin America must manage dynamic, complex tax and regulatory laws that are difficult for both global and local organizations to comply with and keep current with updates to their systems. The process is labour intensive and complex, often requiring thousands of labor hours. In fact, according to the World Bank, corporate tax compliance in Brazil is 14 times lengthier in process than the United States, and longer than any other country in the world2.

In Brazil, Rimini Street provides critical ongoing support for evolving trade and tax regulation under the Sistema Público de Escrituração Digital (SPED) and legal books/taxation compliance – all at no additional cost to clients. Rimini Street has delivered to its clients all complex SPED updates including Nota Fiscal Eletrônica (NFe), Digital Accounting Bookkeeping (ECD), Digital Tax Booking (EFD), Accounting Tax Booking (ECF), Notas Técnicas, Social Security Contributions, SPED Social HR (eSOCIAL), EFD Block-K and EFD Reinf.

To ensure timely and accurate updates, Rimini Street’s dedicated team works directly with government organizations and thousands of additional sources in a patent-pending process to identify, analyze and deliver update capabilities for nearly 200 countries. Globally, the Company has delivered more than 115,000 updates to date, provided by a range of support, development and tax, legal and regulatory (TLR) research professionals in the market.

In addition to delivering the most comprehensive, timely TLR updates to clients around the world, each client is assigned a named, Primary Support Engineer (PSE), and benefits from ultra-responsive 24x7x365 support with response times of 15 minutes or less for Priority 1 cases. Clients also receive support for their own system add-ons and customizations, which are all provided at no additional cost as part of Rimini Street’s global award-winning support. The Company’s superior service model and seasoned engineers have won numerous awards for delivering excellence in customer service.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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ipNX, NCC to Drive Inclusive Digital Growth Across Nigeria

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By Aduragbemi Omiyale

A leading Information and Communications Technology (ICT) company, ipNX Nigeria, is joining forces with the Nigerian Communications Commission (NCC) to accelerate broadband penetration and drive inclusive digital growth across the country.

Recently, an executive delegation of the organisation paid a visit to the chairman of the regulatory agency, Mr Idris Olorunimbe.

“We are pleased to engage with the new chairman of the NCC and show our support as he takes on this important role.

“Strong leadership and a clear policy direction are essential to unlocking the full potential of Nigeria’s digital economy.

“At ipNX, we remain committed to working closely with the commission and other stakeholders to expand broadband access, enhance connectivity in educational institutions, and ultimately bridge the digital divide.

“This collaboration will empower millions of Nigerians and further position the country as a leader in Africa’s technological evolution,” the Managing Director of ipNX Nigeria, Mr Ejovi Aror, said at the visit.

In his remarks, Mr Olorunnimbe thanked the firm for the show of support, reiterating the commission’s commitment to fostering an enabling environment for private sector participation in achieving universal broadband access across Nigeria.

This collaboration is expected to advance Nigeria’s transformation agenda in technology and help boost the federal government’s broadband agenda for the country.

ipNX Nigeria has said it remains at the forefront of delivering cutting-edge broadband and ICT solutions, and this engagement underscores its unwavering dedication to supporting national development through technology-driven initiatives.

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MTN Nigeria to Offload 60% Stake in MoMo PSB, YDFS for N95.5bn

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By Adedapo Adesanya

MTN Nigeria is restructuring its fintech business by bringing in its parent company, MTN Group, as a major investor to help cushion against losses that have plagued the units.

Yesterday, MTN Nigeria announced that its parent firm, based in South Africa, will acquire a 60 per cent stake in MoMo Payment Service Bank Limited (MoMo PSB) and Y’ello Digital Financial Services (YDFS) Limited.

MoMo is a payment service bank business that provides financial services, including deposits, payments, transfers and digital wallets to individuals and small businesses in Nigeria via digital and mobile‑based platforms.

Y’ello Digital is a licensed super-agent that provides agency banking and financial services, including cash deposits, withdrawals and bill payments. It operates through the MoMo network.

In an explanatory note in respect of the proposed transaction on Tuesday, MTN Nigeria said the transaction will cost N95.5 billion and reduce its exposure to the “loss-making” financial technology (fintech) companies.

According to the Nigerian subsidiary, the acquisition, which the South African company will conduct through another subsidiary, MTN Group Fintech, is a restructuring that consists of two phases.

MTN Nigeria said the first phase is the acquisition of a 60 per cent stake in each of the two fintech companies by MTN Group.

“MTN Group Fintech will acquire a 60 per cent stake in each of the Fintech Companies through a combination of primary issuance of shares by the Fintech Companies and a secondary acquisition of shares in MoMo PSB from MTN Nigeria, at an agreed valuation of N95.5 billon (on an intra-group debt free and cash free basis), resulting in an implied capital injection of N152.06 billion payable in cash or consideration other than cash, or a combination (the “Investment Amount”) into the Fintech Companies; and MTN Nigeria will retain a 40% stake in the Fintech Companies,” the statement read.

According to the explanatory note, the second phase is the creation of a financial holding company named Fintech HoldCo, which will be 60 per cent owned by MTN Group Fintech and 40 per cent owned by MTN Nigeria.

The fintech units are currently loss-making, and this move will help MTN Nigeria to reduce financial risk and share future losses and investment burden. However, it will still keep a significant minority stake (40 per cent)

The network provider said the transaction phase will be completed with Fintech HoldCo acquiring the shares held by MTN Group Fintech and MTN Nigeria in MoMo and Y’ello Digital.

“Subject to obtaining the approval of the CBN, Fintech HoldCo will become the 100% owner of the shares in the Fintech Companies, having acquired all the shares held respectively by MTN Group Fintech and MTN Nigeria in the Fintech Companies,” the telecommunications company said.

MTN Nigeria said an annual general meeting (AGM) will be held on April 30, for shareholders to consider and, if thought fit, approve the proposed transaction.

The telco said the proposed transaction distributes operational risks, allowing MTN Group Fintech to share future capital risks, such as losses, regulatory burdens and execution risks.

In August 2024, MTN Nigeria acquired a 7.17 per cent stake held by Acxani Capital Limited in MoMo.

The acquisition increased MTN Nigeria’s total stake in MoMo to 100 per cent.

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Why Simplicity Now Beats Bigger Motion Suites

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Most people do not go looking for motion tools because they love software. They go looking because they already have an image that feels unfinished. It might be a portrait that needs movement, a product shot that needs more energy, or a still frame that needs to become a short social clip. That is why Image to Video AI stood out to me more than many broader video platforms. In this category, the real question is not whether AI can animate an image. The real question is whether it can do so in a way that feels understandable, practical, and repeatable.

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A lot of rankings in this space reward spectacle. They favor the system that produces the wildest sample or the most cinematic first impression. That can be fun, but it is not always helpful. In my testing, usefulness came from something less glamorous: how quickly a platform helped me move from a single still image to a result I could actually imagine publishing, refining, or repurposing. When I looked at seven well-known image-to-video platforms through that lens, Image2Video came out first, not because it tries to do everything, but because it keeps the path from idea to output unusually clear.

How I Judged Seven Image Motion Platforms

When I compare tools in this category, I try to judge them like working products rather than as isolated demos. A strong demo says very little about how a tool feels when you bring your own image, your own expectations, and your own creative uncertainty. What matters more is the relationship between control and friction.

Criteria That Matter Beyond Eye Catching Demos

My ranking focused on five practical questions. First, how easy is it to understand the workflow without guessing? Second, how much prompt effort is required before the tool starts producing usable motion? Third, does the platform feel tuned for people starting from a still image rather than for users building full video pipelines? Fourth, are the results good enough for short-form content, concept work, and presentation use? Fifth, does the system make me want to try again after an imperfect first result?

Workflow clarity shaped most of my ranking

That last point matters more than it sounds. Many AI tools can produce one exciting output. Fewer make the user feel oriented. If the interface or product logic is too expansive, the experience can become mentally heavy. In image-to-video creation, that heaviness often kills momentum. The best platform is frequently the one that removes hesitation and helps the user move while their idea is still fresh.

Seven Platforms That Deserve Serious Attention

There are more than seven tools in this market, but these are the seven that most clearly represent different approaches to image-to-video generation today. My ranking below is not a universal truth. It reflects the priorities above: clarity, accessibility, practical output, and how well each tool serves someone starting with a static image.

Rank Platform Best Fit Main Strength Main Tradeoff
1 Image2Video Fast image-to-video creation Clear workflow and low friction Short outputs require precise prompting
2 Runway Broader creative teams Strong ecosystem and creative range Can feel larger than necessary for simple tasks
3 Kling Motion quality seekers Often impressive movement and visual polish Can require more patience and experimentation
4 Pika Social-first creators Fast, playful, accessible generation Less focused on disciplined image-first workflows
5 PixVerse Quick visual experimentation Easy short-form energy and stylized results Output direction can feel less predictable
6 Luma Dream Machine Visual concept development Strong mood and cinematic ambition Not always the simplest path for basic use cases
7 Hailuo AI Curious testers and creatives Interesting generative behavior and variety Results can vary more from prompt to prompt

The list becomes more useful when you stop asking which platform is the most powerful and start asking which one best matches your immediate job. A big creative suite is not automatically better than a focused workflow. Sometimes it is the opposite.

Why Image2Video Comes First In Daily Use

Image2Video ranks first for me because its public structure aligns with what many users actually need. A lot of people arriving at an image-to-video tool are not trying to build a long-form production pipeline. They are trying to animate one image well enough to test an idea, communicate a concept, or publish a short clip. The platform appears to understand that mindset.

A focused product usually wastes less energy

In practice, a focused product often beats a feature-dense one because it reduces decision fatigue. Instead of pushing the user into a larger ecosystem before they know what they want, Image2Video emphasizes a straightforward sequence. That matters. It keeps attention on the source image, the intended motion, and the resulting clip rather than on the surrounding machinery.

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The official path stays short and understandable

Based on the public workflow on the site, the process is simple:

  1. Upload an image in a standard format such as JPEG, JPG, or PNG.
  2. Enter a prompt describing the movement, animation, or camera behavior you want.
  3. Let the system process the request.
  4. Export the resulting video in MP4 format.

That sequence may sound almost too simple, but simplicity is part of the value. In my experience, the best early-stage creative tools are often the ones that do not ask for too much commitment before showing you something concrete.

How The Four Step Process Actually Feels

The official flow does more than save time. It shapes the psychology of use. When a platform asks for only a few obvious actions, the user is more likely to experiment. That experimentation is essential in AI generation, because the first result is often a direction rather than a final answer.

Uploading and prompting are the real turning point

The upload step is not merely technical. It defines the quality ceiling of the whole attempt. A clear source image gives the model a stronger foundation. Then the prompt becomes the bridge between stillness and motion. In my tests, the best prompts were not long essays. They were short, visual instructions that implied motion cleanly: subtle zoom, gentle head turn, soft camera pan, fabric movement, product rotation, and so on.

Processing time matters less than output direction

The site indicates that processing may take a few minutes, and that feels reasonable for this category. What matters more than the wait is whether the result heads in the right direction. A fast wrong answer is not especially useful. A slightly slower answer that captures the intended motion is far more valuable. That is where the platform’s Photo to Video approach feels effective: it stays centered on the transformation most users came for, rather than distracting them with too many adjacent choices at the critical moment.

Where The Platform Still Requires Patience

No honest review of an AI generator should pretend the system will perfectly interpret every prompt on the first try. Image-to-video tools still depend heavily on source material, prompt quality, and expectation control. Image2Video is no exception.

Short clips reward better prompt discipline

The platform’s short-form orientation is both a strength and a limitation. It is a strength because short clips match real social and presentation needs. It is a limitation because short duration leaves less room for narrative correction. If the movement direction is off, the whole clip can feel wrong quickly. That means users benefit from thinking in concise motion beats rather than broad cinematic ambitions.

Regeneration remains part of the creative routine

This is not a weakness unique to one platform. It is a category reality. In many cases, the first generation is a draft. The second or third attempt is where intent starts to align with output. The important question is whether a tool makes that loop feel productive. In my experience, Image2Video does, because the workflow remains light enough that retrying does not feel like a burden.

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Who Should Choose Which Tool First

The best platform always depends on the type of work you are actually doing. Ranking is useful only if it helps real people choose more efficiently. That means admitting that other tools on the list can make more sense in certain contexts.

Different creators need different types of control

If you need a larger creative environment with broader editing ambitions, Runway may be a more natural fit. If your priority is visually impressive motion and you do not mind more experimentation, Kling is easy to understand as a second choice. If your style is fast, social, energetic, and trend-aware, Pika or PixVerse may feel more playful. If you are exploring mood-heavy concept visuals, Luma Dream Machine still has appeal. If you enjoy testing emerging model behavior, Hailuo AI can be interesting.

The best choice depends on your starting asset

Still, if your starting point is simple and concrete, one image and one desired motion, Image2Video remains the most convincing first stop in this group. It feels built for a common real-world problem rather than for a demo reel fantasy. That distinction matters. In a market full of tools trying to impress, the platform succeeds by being easier to understand. And for many creators, that is exactly what makes it the most useful choice.

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