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Rimini Street, Inc. (NASDAQ:RMNI) is one of the must-buy penny stocks to invest in. On August 22, the company announced a strategic partnership with American Digital to deliver enterprise software support for Oracle, SAP, and VMware systems running on HPE infrastructure.
The collaboration aims to help North American organizations reduce software maintenance costs by up to 90% while avoiding expensive upgrades.
“Sinking costs into endless upgrades will leave organizations behind competitors and waste limited resources,” said Rimini Street CEO Seth Ravin.
The partnership enables clients to integrate AI, workflow automation, and digital connectivity into existing systems while maintaining compliance and security. Bob Panos, President of American Digital, added that the initiative offers “immediate, measurable cost savings” with tailored support solutions.
Rimini Street, Inc. (NASDAQ:RMNI) is a Russell 2000 company offering third-party support and managed services for enterprise software, including Oracle, SAP, and VMware.
While we acknowledge the potential of RMNI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 6 Best Railroad Stocks to Buy Right Now and 11 Best Very Cheap Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
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