MFS Investment Management Deploys Monday 18 June 2007 PDF Print MFS Successfully Implements Actuate to Enhance Productivity, Expand Global Operations and Meet Compliance Regulations New York, NY., SIFMA 2007 Technology Management Conference & Exhibit – June 18th , 2007 – Actuate Corporation (NASDAQ: ACTU), the leader in Business Intelligence, Performance Management and Reporting Applications, today announced that MFS Investment Management, a leading global asset management firm, is leveraging Actuate’s Enterprise Reporting Application Platform to provide all stakeholders at MFS with up-to-date information on performance against goals and Key Performance Indicators (KPIs). The solution provides users at MFS visibility into the organisation, enabling them to align goals and increase predictability, as well as streamline business processes. Since implementation, MFS has reduced report generation time and IT support, regulated development costs and enhanced its regulatory compliance reporting infrastructure. With more than 15 offices worldwide and investments in more than 60 countries, MFS’ continued expansion of its global operations needed to efficiently disseminate research without having to install and maintain applications on user desktops in remote offices. MFS turned to Actuate for operational performance reporting because of its proven scalability, intuitive web-based interface and robust development environment. MFS deployed Actuate’s open, flexible architecture to create advanced reporting and information portals that are available to more than 800 MFS employees globally. Actuate’s technology enables the firm to create to enhance productivity, support global expansion, improve regulatory compliance and control development costs. “Actuate is the standard operational management reporting application at MFS. If you are not using Actuate at MFS, you can’t do your job,” said Joe Plotrowski, vice president and development manager at MFS Investment Management. “Actuate has proven to be a powerful tool and partner, and MFS will continue to leverage Actuate and expand its usage throughout our organisation.” The largest Actuate deployments at MFS are the Equity, Fixed Income, Fund Treasury, Compliance and HR groups. Examples of Actuate use at MFS include: • Investment group – More than 250 portfolio managers, floor managers and research analysts use Actuate to get information on fund holdings, trade commissions and internal financial research. MFS utilises Actuate to disseminate all of its original research, external graphs, risk statistics, client reports and analyses. • Trading systems – 200 employees in the trading systems group use Actuate as a critical component of their operations. They utilise Actuate reports to find any discrepancies in trade records and to make sure that all their systems are in agreement. • Service Centre – The service centre uses Actuate to look at and analyse incoming individual client account activity for mutual funds. By using Actuate to automatically generate and deploy reports, MFS managers save time, enabling them to focus on strategic initiatives and decision-making. Because Actuate is web-based and secure, investment professionals access reports from any browser worldwide as long as they have a security ID card, enabling seamless adoption of a single solution and reducing support required by MFS to expand its global operations. With this implementation, MFS creates accurate audit reports to monitor and comply with Sarbanes-Oxley regulations. Lastly, MFS is able to control development costs and effectively offer reporting requirements through Actuate’s reuse code support, leveraging existing code to run reports provides seamless migration from desktop application to a web platform. “Actuate’s customer base includes 19 of the 21 financial services firms featured in the Fortune 100 and we are very pleased to add MFS to our list of key customers in the financial services sector,” said Pete Cittadini, chief executive officer and president of Actuate. “Actuate understands the changing market dynamics and unique information requirements of market makers such as MFS and their clientele. We are excited to see that the industry has embraced our vision of delivering precise and relevant information to investors, regulators, brokers, asset managers and other capital markets employees.” For More Information For more information on these offerings and to view the latest Actuate Customer Self Service demonstrations, please visit the Actuate Booth 3614 in the exhibit hall at the SIFMA 2007 Technology Management Conference & Exhibit at the New York Hilton. About MFS MFS is a global asset management firm that serves investors around the world. The firm’s global research team covers the world through over fifteen offices in five international cities – Boston, London, Mexico City, Singapore, and Tokyo. MFS invests in securities in more than 60 countries. MFS’ parent company, Sun Life Financial, is a worldwide financial services organization headquartered in Toronto. Sun Life has more than 16,000 employees and offers individuals and corporate clients around the globe a diverse range of financial products and services. About Actuate Corporation Actuate Corporation, the leader in Business Intelligence, Performance Management and Reporting Applications, enables organisations to develop solutions that optimise 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 maximise 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 South San Francisco, 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. PR Contact: Carina Birt PR for Actuate UK +44 1722 411150 Carina@sarumconsultancy.co.uk This press release was distributed by ResponseSource Press Release Wire on behalf of Sarum PR in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.