Rimini Street and ServiceNow: Pioneering the Future of ERP Modernization Without Disruption

The sunsetting of SAP ECC 6 by 2027 has unleashed a $2.3 billion crisis for global enterprises reliant on the legacy ERP system. For thousands of companies, the choice is stark: pay exorbitant fees to migrate to SAP S/4HANA or risk operational instability. Enter Rimini Street (RMNI) and ServiceNow (NOW), whose partnership offers a third path—modernization without disruption. Their collaboration with Aspen Farmacêutica, a Brazilian pharmaceutical giant, proves that innovation can thrive atop existing systems, bypassing costly overhauls and unlocking immediate ROI.

The SAP ECC Migration Dilemma: A $28B Opportunity in Disguise

SAP's decision to end support for its ECC 6 ERP platform has left 15,000+ global enterprises scrambling. Forced to either migrate to S/4HANA or risk compliance and security gaps, companies face average migration costs of $1.5 million and multiyear disruptions. Rimini Street's 90% cost savings on SAP support, paired with ServiceNow's AI-driven automation layer, now offers a compelling alternative.

The Aspen Case Study: A Blueprint for Hybrid Modernization

Aspen Farmacêutica exemplifies this paradigm shift. By layering ServiceNow's ERP modernization solution over its SAP ECC 6 platform, Aspen automated 70% of manual processes, reduced development cycles from months to weeks, and cut operational costs significantly. Crucially, Rimini Street's third-party support slashed SAP maintenance fees by 90%, redirecting savings to innovation rather than vendor lock-in.

The partnership's secret? Hybrid architecture. ServiceNow's low-code tools and AI embed real-time analytics into workflows, while Rimini's deep SAP expertise ensures ECC 6 stability. This model avoids the “rip-and-replace” approach, letting companies prioritize business needs over technology.

Why This Matters for Investors: Scalable Revenue and Market Leadership

Rimini Street's strategic move positions it as a leader in the $28 billion third-party support market. Its advisory services and partnerships with firms like ServiceNow create recurring revenue streams, insulated from traditional ERP vendor cycles.

Key drivers for RMNI's valuation:
1. Urgency of the 2027 Deadline: With 60% of SAP ECC users yet to decide on migration, demand for disruption-free modernization is surging.
2. High Margins on Advisory Services: Rimini's profit margins (30%+ in recent quarters) are bolstered by low-cost, high-value services like workflow automation.
3. Network Effects: Each ServiceNow integration strengthens Rimini's ecosystem, attracting more enterprises seeking hybrid solutions.

Risks and Considerations

Skeptics may argue that SAP could retaliate or that hybrid systems face integration challenges. However, Rimini's 17-year track record of SAP support, combined with ServiceNow's enterprise-grade tools, mitigates these risks. The real threat? Companies delaying decisions until 2026, when migration costs could spike as SAP prioritizes S/4HANA clients.

Investment Thesis: Act Before the Clock Runs Out

For investors, Rimini Street is a leveraged play on two secular trends: third-party ERP support growth (projected to hit $35B by 2028) and AI-driven workflow automation (a $44B market by 2027). With a market cap of $850 million and a P/S ratio of 0.8x (well below peers like Ivanti or BMC), RMNI is undervalued relative to its potential.

Recommendation: Accumulate RMNI ahead of 2026, when urgency peaks. Pair with a long position in ServiceNow, which stands to gain from enterprise AI adoption.

Final Thoughts: The End of “Disruption” as We Knew It

The Aspen partnership redefines ERP modernization—no more forced upgrades, no more stalled innovation. Rimini and ServiceNow are proving that agility and cost efficiency can coexist, turning a $2.3 billion problem into a $28 billion opportunity. For investors, this is a rare chance to profit from a quiet revolution—one that's just getting started.

The clock is ticking. Will you be part of the disruption—or the disruptors?