Press Releases

Siebel Software Licensees Now Have Option For Third Party Maintenance Support From Rimini Street, Inc.

9/19/2005

Co-Founder of TomorrowNow, Inc. support services for PeopleSoft and JD Edwards products launches new company to bring affordable, high-quality maintenance and support alternatives to Siebel software licensees

SAN FRANCISCO - September 19, 2005 - Rimini Street, Inc., offering third-party support and maintenance for Siebel software licensees (NASDAQ: SEBL) was launched here today at Oracle OpenWorld. The company is headed by Seth Ravin, a 20-year software industry veteran who most recently served as president and COO of TomorrowNow, Inc. and previously as vice president of PeopleSoft, Inc.'s Customer Sales Division. Ravin retired from TomorrowNow, Inc. in March 2005 following his agreement to sell TomorrowNow, Inc. to SAP (NYSE: SAP) in January 2005.

"Siebel software licensees now face additional uncertainties as a result of Oracle's pending acquisition," said Ravin, Rimini Street president and CEO. "Continually updating software is expensive, and fails to yield tangible benefits for many organizations. Rimini Street will offer Siebel software licensees a credible choice of maintenance and support programs that provide significant savings of 50 percent or more compared to current vendor annual maintenance fees, reduce the frequency and cost of upgrades, and meet the unique business objectives of each client in the years ahead," said Ravin.

Rimini Street is the only provider with a proven, experienced third-party maintenance management team with a long track-record of delivery, and exclusively focused on the needs of Siebel software licensees. Rimini Street plans to officially begin providing support services to clients in the first quarter of 2006.

About Rimini Street, Inc.

Headquartered in Las Vegas, Rimini Street, Inc. plans to deliver most North America service from its support and administrative center opening soon in the San Mateo, Calif. area. For more information, visit www.riministreet.com or call (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 © 2005 All rights reserved

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