Press Releases

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

3/26/2012

Industry Leading Team Provides Fastest "Legislature-to-Live" SM Update Delivery Cycle; Clients Receive Updates Ahead of Software Vendors' Planned Release Dates

LAS VEGAS, March 26, 2012 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYSE:SAP) software and Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite and Oracle Database software, today announced delivery of its Tax, Legal and Regulatory Update 2012-B containing tax, legal and regulatory changes to keep U.S. and Canadian 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.

At the state and territory level, Update 2012-B incorporated changes and recently released individual updates made to tax tables. Local tax tables were also updated for dozens of cities, counties and school districts in several states, including Illinois, Kentucky, New York, Ohio, Pennsylvania and West Virginia. Quarterly and annual reporting changes, including support for 2012 W-2c forms for the U.S. and Puerto Rico also could be found in Update 2012-B. Additionally, further enhancements were delivered in response to Pennsylvania Act 32, including imminent support for electronic filing with various local and tax collection agencies.

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.

"Rimini Street has 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," said Brian Slepko, senior vice president, global operations, Rimini Street. "We are committed to helping our clients successfully process billions of dollars in mission-critical transactions every month by 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 +1 (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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