Press Releases

Rimini Street Announces Delivery of Tax and Regulatory Update for the American Recovery and Reinvestment Act of 2009

3/4/2009

Update Delivered to Clients Less Than 48 Hours after Final IRS Instructions Published; Numerous Canadian Changes Also Delivered

Las Vegas, March 4, 2009 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) for Siebel, PeopleSoft, and JD Edwards software, and SAP AG (NYSE:SAP) software, today announced delivery of a special tax and regulatory update in response to tax changes included in the American Recovery and Reinvestment Act of 2009. Rimini Street's fast "legislature-to-live"SM delivery of these critical tax and regulatory updates provides its clients with ample time to ensure compliance with new tax changes that must be implemented by April 1, 2009.

The American Recovery and Reinvestment Act of 2009 was passed by Congress on February 13, 2009 and signed into law by President Obama on February 17. The Act provides for payroll tax changes that the United States Internal Revenue Service (IRS) has directed employers to implement as soon as possible, but no later than April 1, 2009. The IRS released its final instructions for the changes on March 2, 2009, with Rimini Street quickly delivering the required updates to its clients less than 48 hours later.

The Canada Revenue Agency also announced numerous employment tax changes effective April 1, 2009. Rimini Street delivered a corresponding special Canadian tax and regulatory update package for clients today as well.

Rimini Street's tax and regulatory team works with local, state, provincial, and federal government representatives and all major tax and regulatory services to assure the latest tax and regulatory updates are immediately identified, scoped, coded, extensively tested, packaged, and re-verified for accuracy with government agencies to assure the highest quality deliverables and the fastest "legislature-to-live"SM update delivery cycle in the industry. Rimini Street is a member of the American Payroll Association and Canadian Payroll Association.

"Rimini Street fields one of the most experienced tax and regulatory teams in the industry and we provide our clients with the very latest tax and regulatory changes," said Jim Benge, vice president, development, Rimini Street. "We are committed to working closely with our clients to provide the timely, high-quality updates they need to remain fully compliant with complex and constantly evolving tax and regulatory guidelines. "

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, next-generation program that enables Siebel, PeopleSoft, JD Edwards, and SAP licensees to save at least 50% in annual support fees and to remain on their current software release without any required upgrades or migrations through 2020 and beyond. Global, Fortune 500, mid-market, and public sector organizations from nearly all industries have selected Rimini Street as their trusted, software vendor independent support provider. To learn more, please visit http://www.riministreet.com or call (888) 870-9692.

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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 © 2009. All rights reserved.

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