Saturday 21 September 2019
Rimini Street has announced the opening of its first office in the Middle East, located in Dubai. It has established a subsidiary, Rimini Street FZ-LLC, which is in the process of hiring staff.
Over the last five years the Rimini Street customer base has grown from nothing to nearly 100 customers. It has therefore deemed that there is enough business in the region to support a local office. The new office will contain marketing, sales and service personnel as it seeks to rapidly grow its footprint in the region.
Gartner recently stated that IT spending in the Middle East and North Africa will reach USD 160 billion in 2019. Importantly for Rimini Street, enterprise software and IT services are a significant proportion and are both growing.
Enterprise software spending will grow by 11.5 percent in 2019 to reach USD 6.538 billion, and will grow again in 2020 by 11.1 percent.