Press Releases

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

10/17/2011

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

LAS VEGAS, October 17, 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, as well as Oracle Database product support, today announced delivery of its Tax, Legal and Regulatory Update 2011-E. Update 2011-E contains critical tax, legal, and regulatory updates for the U.S., including deliverables to assist organizations in preparing for U.S. and Canadian 2011 year-end reporting and visibility into the remaining year-end updates. 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-E Update delivers numerous U.S. federal, state and local tax changes, including Unemployment Insurance Taxable Wage Base figures released by nearly a dozen U.S. states. Many of these updates are effective January 1, 2012. Additionally, Update 2011-E contains several local tax changes announced in various states, including Kentucky, Ohio and Pennsylvania.

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.

"With our proven experience and the capability to deliver tax, legal, and regulatory updates ahead of the software vendor to nearly 200 countries, Rimini Street helps clients successfully process billions of dollars in mission-critical transactions every month," said Brian Slepko, senior vice president, global operations, Rimini Street. "Rimini Street is committed to developing the highest quality deliverables and the fastest ‘legislature-to-live' update delivery cycle in the industry for its clients, and to date, has delivered more than 20,000 tax, legal, and regulatory updates to hundreds of global, Fortune 500, midmarket and public sector clients worldwide."

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 http://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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