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Rimini Street Inc., the company that started as a third-party support provider for Siebel Systems Inc. after Oracle Corp. announced its plans to acquire Siebel, made its own acquisition this week.
The company announced Wednesday that it has acquired Sidney Blue LLC, an ERP (enterprise resource planning) and CRM (customer relationship management) consultancy.
Details of the transaction were not disclosed.
A four-year-old company based in San Francisco, Sidney Blue focuses on Siebel system implementations, upgrades and services. It also brings to the table some big-name customers spread across vertical markets: Toyota Financial Services, the Blue Cross and Blue Shield Association, Peregrine Systems Inc. and Restoration Hardware Inc., among others.
Rimini Street also announced that it will retain Sidney Blues president and CEO, Dan Slarve, as its new vice president of IT. Slarve will oversee the architecture and operation of Rimini Streets technology, along with its integration to Sidney Blues technology.
Despite officially launching as a business only last week, Rimini Street has made a name for itself and remains a company to watch.
Its founder, Seth Ravin, started a company called TomorrowNow Inc. to provide third-party support for PeopleSoft and J.D. Edwards implementations, prior to those companies being acquired by Oracle in January 2005.
The PeopleSoft buy—and by default J.D. Edwards, since PeopleSoft merged with that company in 2004—came off only after an 18-month acrimonious takeover battle that put Oracle as the worlds second largest business applications software developer, trailing behind SAP AG. The deal also put a lot of PeopleSoft and JDE users on the fence, debating whether they wanted to become Oracle customers or look to another ERP provider.
SAP, acutely aware of the trend, bought TomorrowNow in January 2005.
Oracle is expected to close on its Siebel acquisition by the end of this month.
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