Press Releases

Rimini Street Delivers 2012-D Global Tax, Legal and Regulatory Update

8/13/2012

ISO-Certified Processes Ensure Clients Receive Most Accurate Deliverables Ahead of Software Vendors' Planned Release Dates

LAS VEGAS, August 13, 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-D containing tax, legal and regulatory changes to keep clients in compliance with the latest tax legislation. Through its ISO-certified methodology, Rimini Street maintains the fastest "legislature-to-live"SM update delivery cycle in the industry, which enables the Company to deliver accurate, high-quality updates ahead of the software vendors' own planned release dates for equivalent updates.

Update 2012-D provides a number of changes for U.S. clients, including updated tax tables for Connecticut, Idaho, Maryland, Michigan, Minnesota and Virginia. 2012-D Update also addresses changes to state eligibility for the Federal Unemployment Tax Act (FUTA) credit reduction, increases in personal exemption amounts and withholding rate adjustments. At the local level, tax tables and tax reciprocity rules have been updated for dozens of cities, counties and school districts in Alabama, Kentucky, Maryland, Ohio and Pennsylvania. Additionally, the 2012-D Update includes revisions to electronic filing of quarterly wage reports for Florida and New Mexico in accordance with the latest specifications from those states. For clients in Canada, Update 2012-D includes provincial tax table changes for British Columbia and Manitoba.

Rimini Street also recently delivered numerous global tax updates. In the UK, for example, Rimini Street delivered changes to the tax rate and limit, basic rate tax threshold and personal tax allowance as well as updates addressing the National Insurance Contributions (NICs) category code, limit and percentage changes. These vital updates helped keep clients in the UK in compliance with the latest HMRC legislations. Recent tax, legal and regulatory updates in Brazil included changes associated with electronic accounting file reports, also known as ECD-SPED Contabil Reports, and also updates to ePIS/COFINS government tax reporting.

The Rimini Street development and quality assurance teams follow ISO-certified processes to create, test, package and deliver code, plus supporting documentation as needed for nearly 200 countries. The scope of these updates are defined by Rimini Street's tax, legal, and regulatory strategy and scoping team made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who verify numerous government and agency sources by leveraging their expertise as well as Rimini Street's membership in organizations like the American and Canadian Payroll Associations. This proven methodology consistently assures the fastest "legislature-to-live"SM update delivery cycle and highest quality deliverables in the industry.

"To date, Rimini Street's robust team of tax, legal and regulatory executives, engineers and support professionals has delivered more than 35,000 tax, legal and regulatory updates to hundreds of global, Fortune 500, midmarket and public sector organizations worldwide," said Paul Henville, group vice president, global development, Rimini Street. "More companies are turning to Rimini Street for our proven experience in providing the most accurate, superior-quality deliverables in the industry well before the vendors' own scheduled release updates to help process billions of dollars in mission-critical transactions every month."

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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