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Rimini Street Delivers 2017 Year-End Tax, Legal and Regulatory Updates for North America, Asia-Pacific, EMEA and Latin America

Leveraging ISO-certified processes and methodology, Company has delivered more than 145,000 tax, legal and regulatory updates to date

LAS VEGAS, December 12, 2017 Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced delivery of the next set of scheduled, mission critical, global tax, legal and regulatory updates, including year-end updates for 2017. The Company delivered updates to Rimini Street’s clients using PeopleSoft, SAP, Oracle E-Business Suite and JD Edwards products operating throughout North America, Asia-Pacific, EMEA and Latin America.

Rimini Street delivers its tax, legal and regulatory updates using an innovative combination of a patent-pending tax, legal and regulatory technology, a proven methodology, and ISO 9001-certified development processes to ensure clients receive accurate, high-quality deliverables. The Company has issued more than 145,000 tax, legal and regulatory updates to date.

Updates for the United States and Canada

In the United States and Canada, Rimini Street provided tax, legal and regulatory updates required by the Internal Revenue Service and the Canada Revenue Agency, as well as federal, state, local and territory governments. At the U.S. federal government level, Rimini Street delivered the following: updates for IRS Electronic Filings, Unemployment Reporting, Tax Table updates as well as year-end financial and year-end payroll updates, amongst several others. Additionally, as a part of Rimini Street’s services, the Company is closely monitoring for sweeping federal changes that could occur before the end of the year and is ready to provide another update in the event that Congress passes late-breaking tax legislation effective in January 1, 2018. On the state level, Rimini Street continued to deliver only client applicable, state specific updates, including Illinois Quarterly Electronic Wage Reporting as well as local Tax Table updates for California, Indiana, Kentucky, Ohio and Pennsylvania. In addition, State Tax Table updates for 2018 included several states increasing minimum wage amounts and adjusting wage base limits. For clients in Canada, Rimini Street delivered year-end Canadian payroll updates, including federal and provincial Tax Table updates.

Updates for Asia-Pacific, Europe and Latin America

Rimini Street has tax, legal and regulatory delivery capabilities for nearly 200 countries, and this most recent delivery encompasses a wide global scope, including updates for clients located in Australia, China, India, Ireland, Italy, Japan, Mexico, Portugal, Singapore, Spain and the United Kingdom.

The following highlight a sample of updates that Rimini Street delivered to clients:

  • For Asia-Pacific, provided updates to support country-specific year-end tax forms, adjustments on unemployment insurance rates and further updates on the Goods and Services Tax (GST) legislation.
  • For Europe, delivered updates for the gender paygap report enhancement, SAF-T file and VAT Control Statements.
  • For Latin America, delivered updates for electronic accounting and payroll reporting.

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 3,500 government web sites and close to 3,600 information sources covering more than 26,000 localities in nearly 200 countries.

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

“Rimini Street’s tax, legal and regulatory updates are built and packaged individually for all our clients,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “In addition to the premium-level support clients receive, Rimini Street’s continuous monitoring of constantly changing tax, legal and regulatory requirements enable us to keep our clients’ applications supported and compliant without required upgrades just to remain on service for a guaranteed minimum of 15 additional years from the date they move to Rimini Street.”

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 http://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.

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

Investor Relations Contact
Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
Media Relations Contact
Michelle McGlocklin

Rimini Street, Inc.

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