Actuate Collaborates with a Leading IT Services Company
Bangalore, India, August 26, 2011 –
Actuate Corporation (NASDAQ: BIRT), The people behind BIRT® and the leader in open source Business Intelligence
(BI), today announced a global alliance with Larsen & Toubro Infotech Ltd
(L&T Infotech), one of the world’s top-ranked global IT services and solutions providers and a fully-owned subsidiary of the US $11.7 billion Larsen & Toubro Ltd
As part of the alliance, L&T Infotech and Actuate will collaborate to deploy BIRT and ActuateOne-based custom Business Intelligence and information applications for the financial services, construction, infrastructure and manufacturing industries to grow their pipeline of mutual clients. Additionally, L&T Infotech will train its employees in ActuateOne and BIRT.
“With our highly proactive stature in open source technologies, we have developed several niche solutions using open source. Many of our clients use open source platforms and we are seeing a growing interest in BIRT and ActuateOne within our client base. We believe that BIRT - which is a widely adopted, open source technology - combined with Actuate’s application development approach to Business Intelligence, visualization and dashboarding deployments, shows great promise for a successful, longstanding alliance,” said Mr. V. K. Magapu, Director In-Charge of L&T Infotech and Whole-time Director & President (IT, Engineering Services and Corporate Initiatives), L&T.
“L&T Infotech and Actuate share many common traits which we believe will ensure early success,” said Pete Cittadini, President and CEO of Actuate Corporation. “L&T Infotech is one of the fastest growing global IT services companies and BIRT is emerging as the fastest growing BI technology in terms of license revenue growth. This momentum, paired with the fact that over 40% of application developers in India are already using or plan to use BIRT within the next 12 months, represents a great opportunity for L&T Infotech and Actuate.”