Press Releases

Rimini Street Delivers Global Tax, Legal & Regulatory Updates

8/16/2010

Industry's Fastest "Legislature-to-Live"(SM) Release Cycle Enables Timely Delivery of Extensive Updates, Including Enhanced Support for 2010 HIRE Act in the U.S.

Las Vegas, NV - August 16, 2010 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, and JD Edwards software, and SAP AG (NYSE:SAP) software, today announced delivery of its Tax, Legal and Regulatory Update 2010-D for the United States and Canada. The company also announced the delivery of comprehensive global tax, legal and regulatory updates for several countries. As in all previous releases, Rimini Street has delivered tax, legal and regulatory updates ahead of the enterprise software vendors' own planned release dates for equivalent updates.

Tax, Legal and Regulatory Update 2010-D includes numerous North American payroll tax changes for U.S. and Canadian clients that will keep them in compliance with all applicable tax, legal and regulatory requirements. The updates include changes to country tables, garnishment rules, local tax tables, unemployment reporting and EIC calculation rules for several states including Iowa, Ohio, Pennsylvania and Wisconsin.

At the U.S. federal level, the update includes enhanced support for the new Hiring Incentives to Restore Employment (HIRE) Act, which provides employers with an exemption from the employer's share of social security tax on wages paid to qualifying employees. Rimini Street builds on previously delivered updates that will enable employers to easily identify, track, report and obtain credit for eligible employees.

Numerous global tax updates have also been delivered to support global and international client requirements. For example, updates are available for Singapore, where the government has announced changes to the employer Central Provident Fund (CPF) contribution rate that will be implemented on September 1, 2010. North American tax treaty updates for France and Italy have also been recently released.

Rimini Street's tax, legal, and regulatory team works with government organizations, secondary sources and tertiary sources to ensure the latest updates for more than 190 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 ensures the fastest "legislature-to-live"SM update delivery cycle, ahead of the software vendor, and highest-quality deliverables in the industry.

"Rimini Street clients depend on us to provide the most accurate and comprehensive global tax, legal and regulatory updates in the industry to process billions of dollars in mission-critical transactions," said Brian Slepko, senior vice president, global operations, Rimini Street. "Through our proven methodology, we remain committed to delivering the fastest ‘legislature-to-live' update delivery cycle, and to ensuring that our clients receive the highest-quality deliverables 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 Siebel, PeopleSoft, JD Edwards, and SAP licensees to save at least 50% in annual support fees and save up to 90% 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, software vendor 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 © 2010. All rights reserved.

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