Rimini Street More than Quadruples Sales in 2007

Company Surpasses Operating Goals, Launches New Service Offering
and Expands Coverage to Europe
LAS VEGAS--(Business Wire)--Rimini Street, Inc., the leading independent maintenance and
support provider for Siebel, PeopleSoft, and JD Edwards (NASDAQ:ORCL)
software, today announced that it achieved record Q3 and Q4 results
and surpassed full year 2007 operating plans. Building on record
setting growth in the first half of 2007, both Q3 and Q4 client sales
exceeded plan at record levels with Q4 setting an all time high for
new clients, sales bookings, and average sales price (ASP); a win rate
against other competing third party support providers approaching 90%;
and Q4 expansion of its support coverage to Europe and launch of a new
service offering for PeopleSoft Campus Solutions software inaugurated
with substantial new European and higher education institution wins.

Record Growth

Fielding the most experienced management team in the industry that
has delivered independent support services to more than 150 Fortune
500, mid-market, and public sector entities using Siebel, PeopleSoft,
and JD Edwards products, Rimini Street saw continued sales
acceleration and record client growth in the second half of 2007 with
strength across a wide range of industries, sizes of organizations,
and product lines.

A sample of recent new clients includes: Virgin Mobile USA, City
of Ontario (California), Santa Fe Natural Tobacco Company, Knoxville
Utilities Board, Terra Industries, Sam Houston Electric Co-Operative,
Heald College, Pittsburgh Public Schools, Abilene Independent School
District, and McLennan County (Texas). Clients chose Rimini Street for
its innovative, next-generation support program, proven tax and
regulatory updates, enthusiastic client references, savings of at
least 50% in annual support fees, and the ability to run their
current, stable releases for many years to come with no required
upgrades.

"We wanted more value for our annual support fees, not just lower
fees. We needed more responsive and comprehensive service and support
to maximize the value of our PeopleSoft investment," said Rusty
Gaston, CIO, Santa Fe Natural Tobacco Company. "Rimini Street has
delivered a level of value and service that has exceeded our highest
expectations. Rimini Street's experienced support team operates as an
extension of our internal team, delivering excellent support and high
quality, mission-critical deliverables on or ahead of schedule. Rimini
Street's incredibly responsive service, combined with savings of at
least 50% in annual support fees, represents a great value any CIO
should seriously consider."

New Service Offering and Expanded Coverage

In response to strong market demand, Rimini Street announced the
immediate availability of Rimini Street Support for PeopleSoft Campus
Solutions in Q4, providing higher education institutions the same
service, cost savings, and value already enjoyed by licensees of other
PeopleSoft product lines. Rimini Street also announced its first
clients who are immediately benefiting from the new service offering.

Additionally, in Q4 Rimini Street expanded coverage of its service
offerings into Europe to meet the growing global demand for Rimini
Street support services. Rimini Street inaugurated its expanded
service with a major new European client win.

Best Support Value

"Rimini Street is working to provide its clients the best support
value in the industry with ultra-responsive service, significant cost
savings, and IT budget flexibility," said Seth Ravin, president and
CEO, Rimini Street. "Rimini Street continues to execute against its
business plan, exceeding growth plans with a more than four-fold
increase in sales, new service offerings, and expanded coverage. Going
forward, we will continue to aggressively innovate our service
offering to provide even more value for our clients, and continue
working to earn the privilege and responsibility of being the most
trusted independent provider of support for Siebel, PeopleSoft, and JD
Edwards to clients around the world."

About Rimini Street, Inc.

Rimini Street is the leading independent provider of enterprise
software support services. The company is redefining enterprise
support services with an innovative, next-generation program that
enables Siebel, PeopleSoft, and JD Edwards licensees to remain on
their current software release without any required upgrades or
migrations through 2020 and beyond. In addition to a higher
service-level commitment, Rimini Street provides customers with an
average savings of more than 50 percent in annual support fees when
compared to Oracle. To learn more, please visit www.riministreet.com
or call (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 (C) 2008. All rights reserved.

Rimini Street, Inc.
David Rowe, 925-699-3391
drowe@riministreet.com

Copyright Business Wire 2008