Rimini Street Delivers Next Set of 2016 Global Tax, Legal and Regulatory Updates

More than 115,000 tax, legal and regulatory updates delivered worldwide to date

LAS VEGAS, July 11, 2016 – Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLM, today announced that it has delivered its next set of global tax, legal and regulatory updates for 2016. The updates include the 2016-C update for PeopleSoft clients in the United States and Canada, which were delivered ahead of the vendor’s own scheduled delivery date for similar updates, as well as global updates affecting SAP and Oracle E-Business Suite clients with operations throughout the United States and Canada, as well as Australia, China, India, Indonesia, Malaysia, New Zealand, Singapore, Spain and the United Kingdom. Rimini Street has issued more than 115,000 tax, legal and regulatory updates to clients to date, and provides accurate, high-quality deliverables using an innovative combination of a patent-pending tax, legal and regulatory technology, proven methodology and ISO 9001-certified development processes.

Updates for the United States and Canada
Rimini Street updates for the United States and Canada include tax, legal and regulatory changes required by various federal, state, local and provincial agencies.

For clients in the United States, Rimini Street delivered numerous tax, legal and regulatory updates at the federal, state and local government levels. At the federal government level, updates were delivered to support electronic filing for the Patient Protection and Affordable Care Act (PPACA). At the state government level, updates included a minimum wage increase in Minnesota, as well as wage garnishment changes for Georgia, South Dakota and West Virginia. Rimini Street also delivered updates for quarterly wage reporting for Oregon and Massachusetts. At the local government level, Rimini Street provided local tax changes for dozens of municipalities in Ohio, Pennsylvania and West Virginia.

For clients in Canada, Rimini Street delivered several tax table updates and calculation changes for British Columbia, New Brunswick, Newfoundland and Labrador, Prince Edward Island and Québec. In addition, changes were delivered to support Record of Employment (ROE) processing in these provinces.

Updates for Asia-Pacific and EMEA
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required updates to its clients who need tax, legal and regulatory support for Australia, China, India, Indonesia, Malaysia, New Zealand, Singapore, Spain and the United Kingdom.

  • For Australia, numerous start-of-year and end-of-year changes, including adjustments to superannuation contribution caps, annual Higher Education Loan Program (HELP) and Student Financial Supplement Scheme (SFSS) rates, lump sum D values and payroll tax thresholds
  • For China, a range of updates related to minimum wage, as well as adjustments to public housing contribution rates
  • For Indonesia, critical change to banking payment mediums for both finance and payroll, and updated caps for contributions to health insurance
  • For Malaysia, updates related to the revised Social Security Organization (SOCSO) Contribution arrangements
  • For New Zealand, a range of start-of-year and end-of-year changes, with a focus on Parental Leave, Accident Compensation Corporation (ACC) Earners’ Levy thresholds and the taxation treatment of holiday and lump sum payments
  • For Singapore, updated Mosque Building and Mendaki Fund (MBMF) rate and levies for foreign workers
  • For Spain, changes to electronic invoicing and creation of the accounting record for invoices
  • For the UK, start-of-year updates, including changes to National Insurance (NI) info tab and several updates related to P11D forms as required by HMRC

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 2,700 government web sites and close to 3,300 information sources covering 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, 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 the fastest “legislature-to-live”SM update delivery cycle and highest quality deliverables in the industry.

“Rimini Street has a proven track record of over 115,000 tax, legal and regulatory updates delivered to date, backed by a top-notch team of highly skilled and experienced tax executives and regulatory and legislative compliance experts based all over the world,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “Hundreds of Oracle and SAP clients benefit from our global tax, legal and regulatory expertise and rely on this offering as an essential component of world-class enterprise software support. Rimini Street remains committed to providing the highest quality deliverables with the fastest update delivery cycle in the industry.”

To learn more, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

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.

© 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:

Janet Ravin

Rimini Street, Inc.

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