Press Releases

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

6/11/2012

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

LAS VEGAS, June 11, 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-C 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.

For U.S. clients, Update 2012-C addresses a number of changes to the state tax, state tax reciprocity, taxable gross definition and garnishment rules tables for several states, including Connecticut, Florida, Idaho, Massachusetts, Michigan, Minnesota, New Jersey and Washington. At the local level, Update 2012-C delivers local tax tables for Ohio and Pennsylvania.

For clients in Canada, the 2012-C Update includes provincial tax rate changes for British Columbia and Ontario recently announced by the Canada Revenue Agency, effective July 1, 2012.

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 global, Fortune 500, midmarket and public sector clients worldwide successfully process billions of dollars in mission-critical transactions every month with the help of Rimini Street's unmatched experience in providing the most robust and comprehensive tax, legal and regulatory updates," said Paul Henville, group vice president, global development, Rimini Street. "To date, with more than 30,000 tax, legal and regulatory updates delivered to clients ahead of the software vendor, Rimini Street is 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 on annual support fees and save up to 90 percent on total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least 10 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 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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