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Actuate and RedMonk Unveil "The Economics of Open Source" - the Second in its new Business Intelligence Video Series

RedMonk's James Governor Takes a Timely Look at How Open Source BI Overcomes Complicated RFP Cycles

San Mateo, Calif – November 9th , 2011 – Actuate Corporation (NASDAQ: BIRT), The people behind BIRT® and the leading open source Business Intelligence (BI) vendor, today announced the availability of the second in its new video series filmed in partnership with James Governor, co-founder and industry analyst at RedMonk.

Continuing the success of the first video released in October on Data Visualisation for Discovery, James continues to guide the listener through the economics of open source comparing the heavy, complicated RFP process with a simpler, faster and more economical open source-based approach. The video takes a wider look at open source BI and its role at the intersection of mobile, big data, cloud and rapid application development.

James is co-founder of RedMonk, the open source analyst firm, which specializes in developer advocacy and analytics. He was most recently voted Developers/IT Departments Analyst of 2011 by the Institute for Industry Analyst Relations.

Based in Shoreditch, London, he advises enterprises, start-ups and major companies such as IBM and Microsoft on developer-led innovation, community and technology strategy. He is also proud to have open source non-profit organizations such as the Apache Software Foundation and the Eclipse Foundation as clients. James is co-author of the O’Reilly publication "Web 2.0 Design Patterns: What Architects and Entrepreneurs Need to Know."

RedMonk makes extensive use of both open source and social media tools in its business operations – James, aka @monkchips, has more than 11,500 Twitter followers. Chairman of SAP’s external panel for stakeholder assurance in Sustainability Strategy and Reporting for 2009, he led the creation of the GreenMonk sustainability subsidiary.

"Open Source gives us the ability to get projects started and this has really changed our thinking on how we adopt IT. We all play a part in the ‘RFP Theatre’ in terms of purchasing but increasingly running in parallel are Open Source-driven prototypes that deliver results quickly and are far more economical," adds James.

James’ BI Insights will be released over the coming weeks in the online BIRT community, BIRT Exchange, and are free to view. Visit http://www.birt-exchange.com/be/redmonk-RFP-Theatre/ to watch “The Economics of Open Source,” the second in the series today.

“We are all witnessing an increasing trend towards Open Source business intelligence and the rapid value that is delivering to businesses. This is changing how organizations of all sizes approach projects and measure results. We are delighted to be at the heart of this movement,” says Nobby Akiha, SVP Marketing at Actuate. “This series of videos coupled with other Actuate resources help organizations to innovate and transform by bringing them up to speed on how they can and should be embracing BI and Open Source to drive their businesses forward.”

About Actuate (NASDAQ:BIRT) – The BIRT Company ™

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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Contacts:

Kate Lynch, Corporate Communications, Actuate
klynch@actuate.com +1.650.678.8658 (mobile)
Jacob Moelter, Market Street Partners
ir@actuate.com +1.415.571.4956 (mobile)