Press Releases

Rimini Street Announces Delivery of Tax and Regulatory Updates for PeopleSoft HCM and Campus Solutions

10/20/2008

Industry's Fastest Legislature-to-Live Update Delivery Cycle Now Includes Regulatory Support for PeopleSoft Campus Solutions Product Line

Las Vegas, October 20, 2008 - 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 its Tax & Regulatory Update HCM2008-E was delivered to clients today and its Campus Solutions Update SA100002 was delivered to clients on October 10, 2008. Like all previously delivered Rimini Street tax and regulatory updates, Rimini Street delivered both HCM2008-E and SA100002 for PeopleSoft products ahead of Oracle's own planned release date for its equivalent updates.

Building on a long track record of experience and success delivering more than a thousand high quality, mission-critical tax and regulatory updates for PeopleSoft products, Rimini Street delivered its inaugural Campus Solutions Update to clients approximately three weeks ahead of Oracle's planned release date for its equivalent update. Rimini Street Campus Solutions Update SA100002 addresses Return of Title IV Funds and CCRAA regulatory changes, and early delivery of these updates enables Rimini Street clients to eliminate the manual processes required to correctly manage Title IV funds.

"Rimini Street has consistently delivered high quality payroll tax and regulatory updates to Moraine Park Technical College and we are extremely pleased to now receive Campus Solutions regulatory updates with the same accuracy, timeliness, and highly-responsive support we have come to enjoy from Rimini Street," said Jim Blakeslee, CIO/Vice President Information Technology, Moraine Park Technical College. "With Rimini Street, we are able to continue running our customized PeopleSoft 8.0 Campus Solutions system, including Financial Aid, and can choose to upgrade to newer, currently available releases when and if it fits our IT strategy and budget in the future. We are very pleased with the overall responsiveness and quality of support we receive from Rimini Street."

Rimini Street's tax and regulatory teams 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 for each client, and re-verified for accuracy with government agencies to assure the highest quality deliverables and the fastest "legislature-to-live"SM update delivery cycle in the industry. Rimini Street is a member of the American Payroll Association, Canadian Payroll Association, and the National Association of Student Financial Aid Administrators.

Campus Solutions Regulatory Support from Rimini Street enables higher education institutions to save at least 50% in annual support fees, avoid costly upgrades, and enjoy a higher level of support service with guaranteed 30 minute response. By switching their annual support to Rimini Street, institutions using PeopleSoft Campus Solutions releases 8.x and 9.0 are able to continue running their stable releases through 2020 and beyond without any required, costly upgrades.

"We are very pleased to expand our regulatory support offering to include delivery of our inaugural Campus Solutions regulatory update to clients ahead of schedule and ahead of the competition, while assuring excellence in accuracy and quality. Rimini Street's industry-leading support program allows PeopleSoft Campus Solutions licensees to drive more value out of their existing software investment," said Seth Ravin, CEO and president, Rimini Street. "Rimini Street is committed to providing the PeopleSoft higher education community an innovative and cost-effective support program, enabling hundreds of higher education institutions to choose Rimini Street Support and save more than 50% in annual support costs, avoid costly required upgrades through at least 2020, and enjoy a higher level of service responsiveness."

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 (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 © 2008. All rights reserved.

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