Actuate Recognized as a Leader in Performance Management
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Actuate Tops "Understand" Category for Ventana Research's 2007 Midyear BI & PM Vendor Scorecard
San Mateo, Calif., November 2, 2007 - Actuate Corporation (NASDAQ: ACTU), the leader in Business Intelligence, Performance Management and Reporting Applications, today announced that the company has been recognized as a leader in Performance Management by the Ventana Research 2007 Business Intelligence and Performance Management Scorecard Mid Year Update. Actuate was honored as a top 5 vendor overall, and attained the highest score in the "Understand" category in this recent study.
Actuate Performancesoft Suite leads the highly competitive "Understand" category with a score of 98 percent. The category reviewed 17 vendors for their ability to deliver Performance Management functionality relating to the historical performance of people and processes, as well as how results impact the organization. Actuate's category leadership speaks to its world-class ability to build applications that help its customers' management teams to access information and provides their analysts with a toolkit to undertake the modeling, discovery, ongoing monitoring and measurement of performance.
Actuate Performancesoft Suite's mandate is to provide complete visibility into organizational performance. The product set is composed of three elements Actuate Performancesoft Views, a robust Performance Management application that offers at-a-glance access to performance metric information; Actuate Performancesoft BI, a custom reporting application that enables drill down into record level detail for root cause analysis; and Actuate Performancesoft Track, an activity and initiative management application that provides executive level insight into the activities that drive organizational performance.
"Understanding the performance of an organization is still a complex and challenging task that spans modeling, accessing, discovering and interacting with data and metrics" said Mark Smith, CEO & EVP of Research, Ventana Research. "Actuate's score and top ranked position in the "Understand" performance category provides insight to the depth of their capability to help organizations build a baseline for utilizing BI to enable Performance Management processes."
"We're thrilled that Ventana Research has recognized Actuate as a leader within the Scorecard for Business Intelligence and Performance Management. This accolade speaks to Actuate Performancesoft Suite's ability to communicate strategic objectives throughout an organization and link operational performance measures to strategy for improved alignment," said Steve Fluin, SVP, Performance Management Division, Actuate. "Topping the 'Understand' category reflects our overall philosophy of distributing accountability throughout the organization and serves as further independent validation that our approach is gaining ground."
About Ventana Research Performance Management Vendor and Product Scorecard
The Ventana Research Performance Management Vendor and Product Scorecard is a tool that organizations can use to improve their understanding of how well different software tools and systems may meet their business and IT requirements for Performance Management. This unbiased and objective research is the first industry report to assess software designed specifically for enabling Performance Management. PerformanceCycle(TM) is a performance improvement process devised by Ventana Research that involves three steps: Align, Optimize and Understand. These steps link directly to the steps in the management process: Strategy, Planning and Execution. Thus, a direct link is established between business management and Performance Management.
About Actuate Corporation
Actuate Corporation, the leader in Business Intelligence, Performance Management and Reporting Applications, enables organizations to develop solutions that optimize corporate performance. Applications built on Actuate's open source-based platform provide all stakeholders inside and outside the firewall, including employees, customers, partners and citizens with information that they can easily access and understand to maximize revenue, cut costs, improve customer satisfaction, streamline operations, create competitive advantage and make better decisions.
Actuate has over 4,000 customers globally in a diverse range of business areas including financial services and the public sector. Founded in 1993, Actuate has headquarters in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU.
For more information on Actuate, visit the company's web site at www.actuate.com.
