| Actuate Ranked as a Top 100 Provider of Financial Technology |
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| Monday, 21 November 2005 | |
Actuate Ranked as a Top 100 Provider of Financial TechnologySOUTH SAN FRANCISCO, CA, (NAMC) - Actuate Corporation (NASDAQ:ACTU), the world leader in Enterprise Reporting Applications, today announced that American Banker and Financial Insights have included Actuate in the FinTech 100, a ranking of the top 100 international application and service providers in the financial services industry. Global revenue was a key factor in the ranking, which placed Actuate at 66, attesting to the company's stability. "In financial services, information is the primary asset and product. It changes every second, and customers, partners, employees and regulators rely on having real-time access to the most up-to-date information," said Nobby Akiha, vice president of marketing for Actuate. "We are committed to providing financial services companies with a unique application development approach to enterprise reporting, to deliver real-time information from disparate data sources to hundreds of thousands of users via process-specific Enterprise Reporting Applications. The FinTech 100 ranking mirrors our continual dedication to and success in the financial services sector." Over the course of 2005, Actuate has achieved several milestones that are of particular interest to the financial services community. Highlights of these include: -- Launched Actuate Financial Performance Management (FPM) solution, the first technology solution to directly integrate data from disparate sources and present on-demand reports to every employee with financial accountability. This unique ability provides companies with the capability to distribute fiscal responsibility throughout the enterprise, help drive financial performance, and assist in compliance with federal regulations, such as the Sarbanes-Oxley Act. -- Counted 19 of the 21 Financial Services firms in the Fortune 100 as customers. -- Increased its industry focus; as a result over half of all new orders are from Financial Services firms with revenues over $1 Billion. -- Closed business in excess of $1 Million with one of the world's largest banks. -- Stewarded the Eclipse Business Intelligence and Reporting Tool project version 1.0, which has been widely adopted in the financial services sector. -- Have built and continue to maintain Centers of Excellence in a number of global financial services providers who have standardized a portion of their enterprise reporting and BI infrastructure on the Actuate platform. About the FinTech 100 The ranking of the top 100 application/service providers in the financial services market is categorized and evaluated by fiscal year-end revenues and the percentage of revenues from sales to financial services industry clients. The FinTech 100 includes vendors that derive more than one-third of their revenue from the financial services industry. The top 25 enterprise companies in FinTech are horizontal technology firms that sell products and provide support services across multiple industries. In both rankings, revenue from network, telecommunications, electronic exchanges, and data services providers was not counted because these business lines are not application technologies essential to running financial companies. Spearheading the survey, data collection and analysis process of the revenue data used for initial evaluation, Financial Insights also gathered and reviewed the application/service provided; vendor/product reputation; adherence to industry standards; number of clients in banking; number and value of acquisitions within financial services; market capitalization and change in market capitalization. For more information about the rankings, visit http://www.financial-insights.com/FI/services/fintech100.jsp. About Actuate Corporation Actuate Corporation is the world leader in Enterprise Reporting Applications that ensure 100% adoption by users. Actuate's Enterprise Reporting Application Platform is the foundation on which Global 9000 organizations (companies with annual revenues greater than $1 Billion) and packaged application software vendors develop intuitive, Web portal-like reporting and analytic applications that empower 100% of users with decision-making information. These applications are deployed inside and outside the firewall to improve corporate performance across a range of business functions including financial management, sales, human resource management, and customer self-service. When tested against other business intelligence products, Actuate's Enterprise Reporting Application Platform has been proven to offer industry-leading scalability and the lowest Total Cost of Ownership. Actuate has over 3,000 customers globally in a range of industries including financial services, pharmaceuticals, insurance, and distribution services, as well as the government sector. Founded in 1993, Actuate has headquarters in South San Francisco, Calif., and has offices worldwide. Actuate is listed on the NASDAQ exchange under the symbol ACTU. For more information on Actuate, visit the company's Web site at www.actuate.com. Copyright(C) 2005 Actuate Corporation. All rights reserved. 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