Press Releases

Rimini Street Announces Global Delivery of 2011-D Tax, Legal and Regulatory Update

8/15/2011

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

LAS VEGAS, August 15, 2011 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, and E-Business Suite software, and SAP AG (NYSE:SAP) software, today announced delivery of its Tax, Legal and Regulatory Update 2011-D containing critical tax, legal and regulatory updates for the U.S. Like all previous tax, legal and regulatory updates, Rimini Street provided the update ahead of the software vendors' own planned release dates for equivalent updates.

The 2011-D Update contains dozens of U.S. federal, state, and local tax changes, including final updates relating to the recent decrease in the Federal Unemployment Tax Act (FUTA) tax rate. At the U.S. state level, the 2011-D Update delivers a number of changes such as revised payroll withholding taxes for Connecticut and North Dakota based upon recent legislation, updated wage garnishment rules for Massachusetts and Oregon, updates for Hawaii, which recently conformed to the federal treatment of overage dependent health care premiums, as well as added support for early adopters of Pennsylvania Act 32. Additionally, Update 2011-D delivers local tax changes for several states including Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

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.

"To date, Rimini Street has delivered more than 15,000 tax, legal and regulatory updates to hundreds of global, Fortune 500, midmarket and public sector clients who rely on our timely and comprehensive tax, legal and regulatory updates to accurately process billions of dollars of mission-critical transactions," said Brian Slepko, senior vice president, global operations, Rimini Street. "With our proven experience and the capability to deliver tax, legal and regulatory updates to more than 190 countries, Rimini Street is committed to developing the highest quality deliverables and the 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 at least 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 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 © 2011. All rights reserved.

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