BIRT Driving Significant License Business and Fueling Overall License Growth
San Mateo, Calif. – May 5, 2011 – Actuate Corporation (NASDAQ: BIRT), The people behind BIRT® and the leading open source Business Intelligence vendor, today announced that for the first quarter of 2011, BIRT licenses represented over half of Actuate license revenue. The company reported $6.1 million in BIRT-related license business, up over five-fold from a year ago, across 46 transactions. Notable additions to the BIRT customer base include: Bank of America Corporation, EWR AG, General Motors Corporation, Genex Services, Hewlett-Packard Company, HSBC Private Bank, J.P. Morgan Chase & Co, Lawrence Livermore National Laboratory, Northrup Grumman, Société Generale, Sony Computer Entertainment America, T-Systems ITC Iberia and University of Pennsylvania.
A detailed summary of BIRT momentum for Q1 is as follows:
“BIRT-driven transactions have risen to new levels as leading organizations are choosing BIRT as an enterprise standard,” said Pete Cittadini, CEO and President, Actuate Corporation. “We closed our first single project BIRT deal valued at over $1 million during the first quarter and I fully expect strong BIRT-driven license growth during 2011.”
To learn more about Actuate and BIRT visit: www.birt-exchange.com.
Actuate provides software to more than 3.5 million BIRT developers and OEMs who build scalable, secure solutions that save time and improve brand experience by delivering personalized analytics and insights to over 200 million of their customers, partners and employees. Actuate founded and supports BIRT – the open source IDE – and develops BIRT iHub™ – the world-class deployment platform – to significantly improve productivity of developers working on customer facing applications. Actuate's BIRT Analytics™delivers self-service predictive analytics to enhance customer engagement using Big Data. The Actuate Customer Communications Suite™ empowers organizations to easily transform, process, personalize, archive and deliver high volume content and individualized correspondence. Actuate is headquartered in Silicon Valley with more than 5,000 enterprise customers in financial services, technology and government. Visit actuate.com and developer.actuate.com.
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