Press Releases

Rimini Street Announces Global Delivery of 2012-A Tax, Legal and Regulatory Update

1/9/2012

Clients Also Receive Update for Recent U.S. Payroll Tax Cut Extension Within Hours of President's Approval

LAS VEGAS, January 9, 2012 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, and Oracle Database, and SAP AG (NYSE:SAP) software, today announced delivery of its Tax, Legal and Regulatory Update 2012-A containing hundreds of critical year-end tax, legal and regulatory changes at the local, state and federal levels to keep clients in compliance with the latest tax legislation. Like all previous tax, legal and regulatory updates, Rimini Street provided the update ahead of the software vendor's own planned release dates for equivalent updates. Rimini Street also announced the previous delivery of updates to address the Temporary Payroll Tax Cut Continuation Act of 2011, which was delivered to clients just hours after the extension was signed into law by the President in December.

At the U.S. federal level, Update 2012-A included changes made to tax tables in conjunction with the recently published Internal Revenue Service Notice 1036, "Early Release Copies of the 2011 Percentage Method Tables for Income Tax Withholding." In addition, state tax tables were updated for more than half of the 50 states, including many changes to unemployment insurance taxable wage base figures, Federal Unemployment Tax Act (FUTA) rates, minimum wages, allowance amounts and withholding tables. Update 2012-A also contained changes to local tax tables for dozens of cities, counties and school districts in several states, including Pennsylvania, Ohio, Maryland, Kentucky and Indiana.

Additionally, Rimini Street recently delivered a special tax and regulatory update that addressed the Temporary Payroll Tax Cut Continuation Act of 2011, which temporarily extends the point payroll tax cut for employees through February 29, 2012. This update was provided to clients on Friday, December 23, the same day that President Obama signed the legislation. When Congress convenes in 2012, Rimini Street will continue to monitor the situation for additional changes.

As members of the American Payroll Association and Canadian Payroll Association, Rimini Street's tax, legal, and regulatory strategy and scoping team works with government organizations, secondary, and tertiary sources to ensure the latest tax and regulatory updates for more than 100 countries are immediately identified, analyzed, and scoped for development as needed. The Rimini Street development and quality assurance teams then code, extensively test, package and re-verify updates as necessary for accuracy with government agencies. This proven methodology consistently assures the fastest "legislature-to-live"SM update delivery cycle and highest quality deliverables in the industry.

"Hundreds of companies around the world rely on Rimini Street to deliver timely, accurate and comprehensive tax, legal and regulatory updates to help them successfully process billions of dollars in mission-critical transactions every month," said Brian Slepko, senior vice president, global operations, Rimini Street. "With the proven experience of delivering more than 20,000 tax, legal and regulatory updates ahead of the software vendor to hundreds of global, Fortune 500, midmarket and public sector clients worldwide, Rimini Street remains committed to providing the highest-quality deliverables and fastest ‘legislature-to-live' update delivery cycle in the industry."

About Rimini Street, Inc.

Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save 50 percent in annual support fees and save up to 90 percent in total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least ten years. Hundreds of global, Fortune 500, midmarket, and public sector organizations from virtually all industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit http://www.riministreet.com/ or call within the USA (888) 870-9692 or internationally +-702-839-9671.

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Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2012. All rights reserved.

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