ENTERPRISE software support firm Rimini Street, Inc. will be hiring its first set of Philippine staff as it expands local services in response to growing demand.
Andrew Seow, Rimini Street regional general manager for ASEAN and Greater China, said the company had been seeing increasing interest for it services amid the pandemic, including demand from the transportation and manufacturing sectors.
“Many of these enterprises are under cost crunch because of the pandemic. They’re used to doing business on face-to-face basis. They are now being forced to go digital,” he said in a phone interview on Tuesday.
“They look at their existing IT spend and see where they can achieve more savings. So instead of going to the principal for maintenance, they basically come to Rimini Street.”
Rimini Street will invest in hiring sales and marketing representatives, Mr. Seow said, along with an engineering team in the Philippines. The pandemic, he added, accelerated the work force expansion plan to be implemented within the next six months.
“We have plans basically to expand our business in the Philippines. We are seeing a lot of incoming calls inquiring about our services because of referral from customers to customers,” he said.
The hiring move, he said, is motivated by potential market demand and a need to deploy local staff that speak Philippine languages.
The US-based company offering enterprise software support for Oracle and SAP products plans to reach $1 billion in annual revenue by 2026.
Rimini Street posted a 12.6% increase in revenue to $87.9 million in the first quarter of 2021, the company reported. But it incurred a net loss of $3.6 million during the quarter, swinging from a net income of $2.5 million a year earlier. — Jenina P. Ibañez