Press Releases

Rimini Street Announces Delivery of 2009-E Tax and Regulatory Updates

10/19/2009

Update Follows Global Payroll Update for Australia as Company Expands Coverage to More than 100 Countries

Las Vegas, October 19, 2009 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) for Siebel, PeopleSoft, and JD Edwards software, and SAP AG (NYSE:SAP) software, today announced delivery of its Tax Update 2009-E containing critical tax and regulatory updates. Like all previously delivered tax and regulatory updates, Rimini Street delivered its 2009-E updates ahead of the software vendor's own planned release date for its equivalent tax and regulatory updates.

The 2009-E update contains hundreds of updates, including local tax and garnishment modifications, unemployed wage base changes and assorted regulatory updates. In California alone, there were 20 critical changes, including new withholding tables from the California Employment Development Department posted on October 1, 2009, to be effective November 1, 2009. Rimini Street's proactive tax and regulatory team quickly identified, scoped, coded, tested, and packaged these changes for inclusion in the tax and regulatory update being delivered today. This 2009-E update also included guidance on preparing for 2009 year end processing for U.S. and Canada.

"We continue to be impressed with the quality and completeness of our Rimini Street tax and regulatory updates," said Glen Ruyter, PeopleSoft applications and support manager, HickoryTech Information Solutions. "Rimini Street delivers our mission-critical updates ahead of the vendor's planned release date and packages them so they can be easily applied to our software environment. This proven process for managing tax and regulatory updates is a key advantage of Rimini Street's third-party support program."

The 2009-E update follows a tax and regulatory update that was completed and delivered to clients with operations in Australia during the first week of October. The Australian update included federal tax rates, state payroll tax rates and payment summary changes to ensure correct tax calculation and end-of-year reporting.

Rimini Street is a member of the American Payroll Association and Canadian Payroll Association, and its tax and regulatory team works with local, state, provincial, and federal government representatives and all major tax and regulatory services to assure the latest tax and regulatory updates are immediately identified, scoped, coded, extensively tested, packaged, and re-verified for accuracy with government agencies. This results in the highest quality deliverables and the fastest "legislature-to-live"SM update delivery cycle in the industry.

"Rimini Street again demonstrates its commitment to delivering the timely, high quality tax and regulatory updates clients need to maintain and run their mission-critical systems for the next decade and beyond," said Brian Slepko, senior vice president, global operations, Rimini Street. "Our clients can rely on our tax, regulatory, and other legal updates covering more than 100 countries across all relevant areas of compliance such as human resource regulation and payroll taxes, transaction taxes, and financial regulation changes such as IFRS retrofits."

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, next-generation 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. 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 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 © 2009. All rights reserved.

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