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Bridge Bank Capital Finance Provides $15MM to Rimini Street

May 16, 2013, 07:36 AM
Filed Under: Technology

Bridge Bank, a subsidiary of Bridge Capital Holdings, announced today it recently closed $15 million in funding for Rimini Street, Inc.

"As a high-growth, pre-IPO company that is rapidly expanding operations and serving a global client base, Rimini Street wanted to select a partner in this financing round that would provide a flexible, cost effective, and tailored solution to support our accelerating global expansion," said Seth Ravin, chief executive officer, Rimini Street, Inc. "Bridge Bank is that partner. Bridge has worked closely with Rimini Street as a valued banking partner since 2010 and has been a key player in our growth and business plan execution," Ravin added.

"We were very pleased to partner with Rimini Street on this financing round, and support Rimini Street's continued fast-paced global expansion," said Sarah Schmidt, senior vice president in Bridge Bank's Capital Finance Division. "Rimini Street has experienced rapid growth averaging more than 30 percent annually, and we are pleased to continue to be a part of this exciting success story," she added.

Rimini Street is the leading third-party maintenance and support provider for enterprise software, including SAP AG and Oracle Corporation software.

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