Press Releases

Rimini Street Announces the Global Expansion of Its Comprehensive Tax and Regulatory Solution to More Than One Hundred Countries

8/18/2009

Global Coverage Includes SAP and Oracle's PeopleSoft, JD Edwards, and Siebel product lines; Veteran Tax and Regulatory Expert Greg R. Prow to Lead Global Strategy

Las Vegas, August 18, 2009 - 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 the global expansion of its proven tax and regulatory update service. Tax and regulatory updates from Rimini Street, already used and trusted by hundreds of clients around the world to accurately process billions of dollars of transactions, are a key component of Rimini Street's award-winning, third-party support program. With this expanded coverage, Rimini Street will provide mission-critical tax and regulatory updates for more than one hundred countries across all of its supported SAP and Oracle product lines.

Additionally, Rimini Street named industry veteran Greg R. Prow as group vice president, global tax and regulatory strategy & research. In this role, Prow will lead the Rimini Street team charged with ensuring all Rimini Street clients receive the mission-critical tax and regulatory updates needed to remain in legal and financial compliance. Previously, Prow was chairman and CEO of Planitax, developer of the leading on-demand software suite for tax lifecycle management. Planitax was recently acquired by Thomson Reuters. Before Planitax, Prow was managing director and chief operating officer of Mobius Venture Capital and he has served in a variety of senior roles helping clients with global tax and regulatory compliance, including tax partner-in charge at PricewaterhouseCoopers and tax-related management roles at Coopers and Lybrand

"I'm excited about this opportunity to expand Rimini Street's excellent tax and regulatory program into the most comprehensive offering of its kind in the industry, designed from the ground-up to meet the needs of our fast-growing list of global clients," said Prow. "Rimini Street's innovative offering, remarkable client satisfaction, and growth rate speak for themselves. I look forward to working with all our clients to help them achieve and maintain tax and regulatory compliance with Rimini Street's comprehensive global tax and regulatory service."

"Greg brings the perfect blend of international tax and regulatory expertise and deep business experience, making him uniquely qualified to lead the global expansion of our tax and regulatory offering," said Seth Ravin, president and CEO, Rimini Street. "Rimini Street already serves clients around the world, and the expansion of our tax and regulatory coverage under Greg's leadership will allow Rimini Street to build on its momentum as the leading third-party support provider for clients operating anywhere in the world. I look forward to working with Greg as we continue to deliver valuable new services to our global client base."

Delivery of 2009-D Tax and Regulatory Updates

Today's announcements follow Rimini Street's delivery of Tax Update 2009-D yesterday, ahead of the software vendor's own planned release date for the equivalent tax and regulatory updates. The 2009-D update includes local, state, and federal tax changes, and encompasses new quarterly reporting requirements, unemployment wage base increases, and retroactive tax changes. With a tax and regulatory team that is among the most experienced in the industry, Rimini Street has delivered more than 1,200 mission-critical tax and regulatory updates over the past years.

"Rimini Street has proven to be extremely responsive and thorough in the development and delivery of our tax and regulatory updates," said Michael Mills, manager of global HR systems, Remy International. "And by providing us with a dedicated Primary Support Engineer, Rimini Street offers a level of personalized support for our tax and regulatory updates, as well as for our entire PeopleSoft system, that was lacking from our previous support provider."

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 to remain on their current software release without any required upgrades or migrations through 2020 and beyond. Hundreds of Global, Fortune 500, mid-market, and public sector organizations from nearly all industries have selected Rimini Street as their trusted, software vendor independent support provider. To learn more, please visit http://www.riministreet.com or call (888) 870-9692.

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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 © 2009. All rights reserved.

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