The same week that the US saw unprecedented unemployment claims thanks to the coronavirus pandemic, Rimini Street founder and CEO Seth Ravin says that he sees opportunity to take another shot at its longtime rival Oracle, he tells Business Insider.
Companies will now spend much of 2020 looking for ways to save money on IT budgets and he's hoping to convince them to do that by keeping their aging Oracle or SAP software and hire his company to help them maintain it. He thinks the current crisis, which has caused industries to tighten their belts and cut costs, is the ideal opportunity to convince Oracle's customers to stop paying for expensive new software upgrades and pricey software maintenance contracts, which covers things like bug fixes and enhanced customer support.
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