Rimini Street Delivers Initial 2015 Global Tax, Legal and Regulatory Updates

ISO-Certified Updates Ensure Accurate Deliverables for U.S., Canada, Australia and Portugal

LAS VEGAS, January 12, 2015Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion and Oracle Retail, today announced delivery of its first set of tax, legal and regulatory updates for 2015. Rimini Street’s updates include the 2015-A update for PeopleSoft clients, which were delivered ahead of the vendor’s own scheduled delivery date for similar updates, as well as updates for  JD Edwards and SAP releases, as needed. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S., Canada, Australia and Portugal. Rimini Street offers clients accurate deliverables with the industry’s fastest “legislature-to-live”SM update delivery cycle through an innovative combination of a patent-pending tax, legal and regulatory update process, as well as proven methodologies and ISO 9001-certified development processes.

Updates for U.S. and Canada

Rimini Street updates in the U.S. and Canada included numerous year-end processing and reporting updates, including tax, reporting and filing changes required by the Internal Revenue Service and the Canadian Revenue Agency, as well as state and local governments.

For clients in the U.S., Rimini Street delivered tax, legal and regulatory updates at the federal, state, local and territory levels. At the U.S. federal government level, Rimini Street updates included changes to IRS 1099 Forms, changes related to the Patient Protection and Affordable Care Act (PPACA) and an individual update to address IRS Notice 1036, which included withholding table changes effective January 1, 2015.

At the U.S. state, local and territory government levels, Rimini Street’s updates contained various standard deductions, exemption amounts and withholding tax rate changes for many states, including California, Connecticut, Kansas, Maine, Massachusetts and New York, as well as minimum wage changes for Arkansas, Colorado, Missouri and Nebraska. Additional Unemployment Insurance Taxable Wage Base changes were included for Alaska, Colorado, Hawaii, Idaho, Minnesota, North Carolina, North Dakota and Oregon. Several states also had updates related to the Defense of Marriage Act (DOMA). At the local level, dozens of tax updates were provided for municipalities in Kentucky, New York, Ohio and Pennsylvania.

For clients in Canada, Rimini Street delivered many year-end reporting changes, including support for T4, T4A, RL-1 and RL-2 slips and electronic filing. The updates also included tax rate changes recently published by Revenu Québec, effective January 1, 2015.

Updates for Australia and Portugal

With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required updates to its global clients, including those in Australia and Portugal.

For example, in Australia, Rimini Street delivered updates related to the annual change to the Protected Earnings Amount (PEA). In Portugal, updates included the new requirement for mandatory electronic submission of inventory data to the Portuguese Tax Authority.

Industry-Leading Tax, Legal & Regulatory Research and Technology

Rimini Street’s tax, legal and regulatory strategy and scoping team is made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who use advanced technology and numerous government and private-sector sources to monitor, collect and verify tax, legal and regulatory changes. These sources include more than 2,000 government web sites and 3,100 information sources for more than 26,000 localities in nearly 200 countries.

Rimini Street also participates as a member in many prominent tax, legal and regulatory associations around the world, including the American, Canadian and Australian Payroll Associations, the American Bar Association Section of Taxation and the Tax Executives Institute. The innovative combination of technology, proven methodology and ISO 9001 quality processes consistently assures the fastest “legislature-to-live” update delivery cycle and highest quality deliverables in the industry.

“Hundreds of companies around the world rely on Rimini Street to provide the comprehensive tax, legal and regulatory updates that are required to help them maintain compliance and prepare for year-end and start-of-year processing,” said Paul Henville, Rimini Street Group VP of Global Product Delivery. “Rimini Street has delivered more than 85,000 global tax, legal and regulatory updates across nearly 200 countries to date and remains committed to delivering accurate and robust tax, legal and regulatory updates through its patent-pending research technology and ISO-certified development processes.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

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Investor relations contact:

Dean Pohl

Rimini Street, Inc.

+1 925-523-7636 dpohl@riministreet.com
Media relations contact:

Janet Ravin

Rimini Street, Inc.

+1 702-285-3532 pr@riministreet.com