Actuate Ranked 37 on the Fortune Small Business Top 100 List of Fastest Growing Companies

Technology Companies Dominate This Year’s List

San Mateo, Calif., – June 23, 2008 – Actuate Corporation (NASDAQ: ACTU), the leader in delivering Rich Internet Applications Without Limits™, today announced it is ranked No. 37 on the eighth annual FORTUNE Small Business magazine’s 100 fastest growing public companies in America list. Every year, the editors of FORTUNE Small Business analyze public companies with annual revenues of less than $200 million and a stock price greater than $1. The companies are ranked based on growth in earnings per share, revenues and stock performance over the past three years. 

The theme of this year's list is "Reinvention"— companies that faced challenges and managed to flourish by changing the way they do business. Actuate took a calculated risk in 2004 by broadening the company’s business model to propel its growth using open source technology. By doing so, the hybrid commercial-open source business model that the company has devised leverages Actuate’s investment in Eclipse’s open source BIRT project (Business Intelligence Reporting Tools) and has extended its commercial value added software to the larger Java developer market.  As open source continues to gain enterprise acceptance, organizations are augmenting and in some cases rethinking whether to choose closed, proprietary technologies.   

“We are honored to be included as one of the fastest growing small businesses on this year’s list. This accolade is a testament to my executive team and employees who consistently work hard and aren’t afraid to take risks,” said Pete Cittadini, president and chief executive officer at Actuate. “We see a strong trajectory for our BIRT-based product line, which assures us that the investment we’re making in open source technologies and our blended open source and commercial .business model are the right decisions for Actuate.” 

The FSB 100 list appears in the July/August issue of FORTUNE Small Business, available online now at http://money.cnn.com/magazines/fsb/fsb100/2008/index.html. 

About FORTUNE Small Business

FSB: FORTUNE Small Business is the premier magazine for – and about – small business owners, with the largest audience and rate base in the small business category. Through a partnership with American Express, FSB is distributed 10 times a year and reaches 1 million owners and partners of leading small businesses. With unmatched resources and access to the industry’s most innovative thinkers, FSB delivers best practices, connects small business owners to a community of their peers and arms them with the inspiration and actionable advice they need to succeed. FSB, along with FORTUNE, Money, and the Website CNNMoney.com, is part of The Fortune|Money Group. Time Inc. is a division of Time Warner, a leading media and entertainment company.

Actuate - the people behind BIRT

Actuate founded and continues to co-lead the Eclipse BIRT open source project. BIRT is the premier development environment for Rich Information Applications that present structured data and content in compelling and interactive ways via the web on any device. Actuate and its people are dedicated to making BIRT the best environment for our customers to develop Web 2.0 applications that drive revenue through higher customer satisfaction/loyalty and improve operational performance. The people of Actuate continually participate in and provide resources for the vibrant open source community that has emerged around BIRT. Anybody can participate in the BIRT movement by visiting www.birt-exchange.com.

Actuate offers value-add BIRT products and services that speed the development process and bring additional functionality such as, interactivity, content transformation and enterprise scalability to BIRT-based Rich Information Applications. Actuate has over 4,500 customers globally in a diverse range of business areas including financial services and the public sector. Founded in 1993, Actuate is headquartered in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU. For more information, visit the company's web site at www.actuate.com.

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