Press Releases

Rimini Street Delivers Global Tax, Legal & Regulatory Updates

10/18/2010

Industry's Fastest "Legislature-to-Live" Release Cycle Enables Timely Delivery of Extensive Updates, Including US HIRE Act Annual Reporting

LAS VEGAS, October 18, 2010 - 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 2010-E for the United States and Canada. As in all previous releases, Rimini Street has delivered tax, legal and regulatory updates ahead of the software vendors' own planned release dates for equivalent updates.

Tax, Legal and Regulatory Update 2010-E 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, as well as assist them in their preparation for 2010 year-end processing. The updates include changes to unemployment withholding for 2011 and quarterly tax reporting updates at the state level, along with local tax changes for several states, including Kentucky, Ohio, and Pennsylvania.

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. Through delivery of the third bundle of support for the HIRE Act, Rimini Street builds on previously delivered updates that will enable employers to easily identify, track, report on, and obtain credit for eligible employees.

"We rely on Rimini Street to keep our PeopleSoft systems compliant and up-to-date with constantly changing rules and regulations," said Rick Perry, supervisor - information technology, Oakland County, Michigan. "Rimini Street's tax, legal and regulatory updates are always robust and accurate, and delivered in a timely manner to ensure that our mission-critical operations run smoothly without fail."

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" update delivery cycle and highest quality deliverables in the industry.

"Rimini Street leverages a dedicated team of research, development and quality assurance experts and innovative patent-pending technology to provide clients with timely, high-quality solutions for global tax, legal and regulatory updates," said Brian Slepko, senior vice president, global operations at Rimini Street. "With a track record of thousands of updates over the years, our proven deliverables enable our clients to successfully process billions of dollars in mission-critical transactions around the world."

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 (c) 2010. All rights reserved.

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