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Rimini Street Delivers Global Tax, Legal and Regulatory Updates

  Rimini Street Delivers Global Tax, Legal and Regulatory Updates

 Clients Once Again Receive Most Accurate, Proven and Timely Deliverables in
                                 the Industry

Business Wire

LAS VEGAS -- August 12, 2013

Rimini Street, Inc., the leading third-party maintenance and support provider
for enterprise software, including SAP AG’s (NYSE:SAP) Business Suite and
BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel,
PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion
software, today announced delivery of its latest global tax, legal and
regulatory updates. Rimini Street’s updates include the 2013-D update for
PeopleSoft licensees and updates for SAP, EBS and JD Edwards licensees, as
required, ahead of the vendors’ own scheduled delivery date for similar
updates. The updates provide clients with significant new tax, legal and
regulatory changes required for the U.S., Canada, UK, Brazil, Australia and
Japan. Through an innovative combination of patent-pending tax, legal and
regulatory research technology, methodology and ISO 9001-certified development
processes, Rimini Street ensures clients receive the most accurate
deliverables with the fastest “legislature-to-live”^SM update delivery cycle
in the industry.

U.S. and Canadian Updates

For clients in the U.S., Rimini Street delivered tax, legal, and regulatory
updates at the federal, state and local levels. At the U.S. federal government
level, Rimini Street delivered updates to assist with upcoming provisions of
the Patient Protection and Affordable Care Act, including a new special
accumulator for tracking work hours. By 2015, large employers with 50 or more
full-time employees will be required to provide "minimum essential" health
care coverage to full-time employees, or pay an annual salary penalty. The
updates will subsequently deliver a new report that will use this special
accumulator to identify full-time employees—those that work in excess of 30
hours per week—and are not currently covered with the employer's health
insurance. Updates at the federal level also includes improved reporting for
the Additional Medicare Tax on employees wages and other compensations over
certain thresholds.

At the state level, updates were delivered for state withholding tables,
taxable gross definitions and Federal Unemployment Tax Act (FUTA) tax changes
for several states, including Florida, Minnesota and North Dakota. Rimini
Street also delivered new garnishment rules for Alabama, effective October 1,
2013, as well as quarterly wage report updates for California, Illinois, and
Pennsylvania to bring them into compliance with the latest electronic filing
requirements. Numerous local tax updates were also provided for municipalities
in Kentucky, Ohio and Pennsylvania.

For clients in Canada, Rimini Street delivered tax changes for the province of
New Brunswick, including the Tax Credit Rate (K1P), and the Workers
Compensation Board (WCB) Annual Limit. Additional changes also were delivered
to support the new Quebec Health Contribution requirements.

Global Updates for UK, Australia, Brazil and Japan

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

For example, in the UK, Rimini Street delivered additional updates for Real
Time Information (RTI) capabilities as required by Her Majesty’s Revenue and
Customs. In Brazil, Rimini Street is delivering updates related to Central
Bank Circular 3656. In Australia, Rimini Street delivered numerous end-of-year
updates, which includes tax and Superannuation rate changes plus changes to
limits and thresholds.

The Company also continued to deliver regular updates to Value Added Tax
(VAT), Consumption Tax and many other general rulings that could impact client
business processes. For example, in Japan, Rimini Street instructed clients
about a Consumption Tax change, effective October 2013, which exempts
companies from adding tax into product prices, and also already delivered the
Japanese Consumption Tax changes effective in 2014 and 2015.

Rimini Street will continue to track and deliver many other potential tax,
legal and regulatory updates needed by its clients for the upcoming year-end.

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 patent-pending technology and numerous
government and private-sector sources to monitor, collect and verify tax,
legal and regulatory changes. These sources include more than seven thousand
government web sites and information resources for 24,000+ 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”^SM update delivery cycle and highest
quality deliverables in the industry.

Proven and Reliable Global Delivery

“With more than 55,000 tax, legal and regulatory updates delivered since 2005,
ahead of the vendors’ own scheduled delivery date, Rimini Street has helped
hundreds of clients around the world, from Fortune 500, to global, midmarket
and public sector organizations, continue to run mission-critical operations
and successfully process billions of dollars in transactions every month,”
said Paul Henville, Rimini Street group vice president, global development.
“Our dedicated team of tax, legal and regulatory experts, ISO-certified
processes and patent-pending research technology and methodology, combine to
make Rimini Street’s tax, legal and regulatory updates the most timely,
reliable, proven and comprehensive in the industry.”

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, award-winning program that enables Oracle and SAP licensees to
save up to 90 percent on total support costs over a decade, including saving
50 percent on annual support fees. Clients can remain on their current
software release without any required upgrades or migrations for at least 10
years. Hundreds of global, Fortune 500, midmarket, and public sector
organizations from virtually all industries have selected Rimini Street as
their trusted, independent support provider. To learn more, please
visitwww.riministreet.comor call within the USA 888-870-9692 or
internationally +1 702-839-9671.

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 © 2013. All rights reserved.

Contact:

Rimini Street, Inc.
Alma Park, +1 323-229-7282
apark@riministreet.com
 
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