Valspar is trimming its IT budget and handing over the operations of its Oracle E-Business Suite to Rimini Street, Inc., a third-party support provider for enterprise software.
The move is aimed at generating savings for Valspar via its global IT budget and allow the company to dedicate more of its resources toward strategic growth initiatives.
“By partnering with Rimini Street, Valspar was able to reallocate a portion of its total global IT budget to growth initiatives with the stroke of a pen,” said Tom Grooms, Valspar's VP and CIO. “Rimini Street’s total value proposition, the breadth and depth of all the expertise it brings and the willingness to help us be successful significantly enhances our strategic capabilities as an IT function. Rimini Street’s value is not incremental – it has a multiplier effect on our operations.”
Valspar has been involved with Rimini Street since 2012, though the relationship has grown beyond break/fix software support. Today, Rimini provides strategic guidance, support for customizations, interoperability, performance and interfaces.
“Rimini Street is pleased to be a valued partner to Valspar as it continues to implement its explosive international growth strategy and transform the coatings industry, while expanding and standardizing its Oracle E-Business Suite implementation around the world,” said Seth Ravin, CEO of Rimini Street.