Actuate, CorpSoft Nordic and SimCorp collaborate to open new business intelligence market opportunities by integrating eSpreadsheet with SimCorp Dimension™ asset management software
Berkshire, Bracknell, UK – June 1st, 2006 – Actuate Corporation(NASDAQ: ACTU), the world leader in Enterprise Reporting and Performance Management Applications, today announced that it has formed a collaborative partnership with its Denmark based partner, CorpSoft Nordic and SimCorp, a global provider of investment and treasury management systems, to deliver Actuate’s eSpreadsheet application to SimCorp’s investment management customers.
SimCorp is headquartered in Denmark and listed on the Copenhagen Stock Exchange. Its 650 strong organisation develops and globally markets integrated investment and treasury management systems that enable its customers to perform the many tasks needed to stay ahead in today's international financial markets. The agreement will enable SimCorp to integrate Actuate’s eSpreadsheet solution with its asset management software, SimCorp Dimension™. eSpreadsheet will be offered as a powerful add-on to the system and boost its information management capabilities in areas such as compliance and risk management. SimCorp Dimension supports the entire value chain of the investment process, covering front, middle and back office business functions; it is used by many leading asset management companies across the globe, some of which are already common customers of both SimCorp and CorpSoft Nordic.
CorpSoft Nordic has been an Actuate partner since 2003 and has an established and growing list of customers including BankInvest, Den norske Bank (DnB), Storebrand, SamPension, Lindorff , Varner, Aetat-Arbeidsdirektoratet and Elcon. CorpSoft Nordic is solely focused on providing Corporate Performance Management solutions that help businesses implement and execute strategy. Its solutions combine technologies including Budgeting, Planning, Forecasting, Financial Consolidation, Reporting and Analysis, Business Intelligence and Activity Based Costing.
“This partnership with SimCorp is testament to the market knowledge and focus of the CorpSoft Nordic team whose reputation and experience has brought about this collaboration and whose technical and consulting expertise will underpin the integration between the two products and ensure its successful delivery,” commented Vincent De Gennaro, Vice President of EMEA at Actuate. “We are delighted to have this opportunity to integrate two market leading products and create an unrivalled data management solution to support the exacting demands of SimCorp’s asset management clients.”
“There is a strong positive impression of Actuate’s eSpreadsheet product in the Nordic region, so we feel that formalising and extending our co-operation with Actuate’s partner CorpSoft Nordic will be of real benefit to our common customers,” said Søren G.A. Pedersen, Vice President for Partner Development at SimCorp. “eSpreadsheet will give them the ability to use data manipulation and reporting tools of familiar look and feel, whilst enabling them to eliminate unnecessary errors, risks and costs inherent in the use of traditional spreadsheets. As such this is a powerful addition to our asset management solution and we are delighted to work with CorpSoft Nordic to deliver it to our customers.”
About CorpSoft Nordic
CorpSoft Nordic is solely focused on providing Corporate Performance Management solutions that help businesses implement and execute strategy and together with its implementation partners, serves more than 100 customers in the Nordic countries.
CorpSoft Nordic solutions combine innovative technology with best practices to turn Budgeting, Planning, Forecasting, Financial Consolidation, Reporting and Analysis, Business Intelligence and Activity Based Costing into a continuous process fuelled by real-time performance measurement. CorpSoft distributes software from Extensity, Armstrong Laing Group, and Actuate and is a Microsoft Performance Management Partner.
For more information please visit www.corpsoftnordic.com.
SimCorp is a leading provider of highly specialised software and financial know-how for the financial sector and corporate treasuries. SimCorp has approximately 650 employees and is listed on the Copenhagen Stock Exchange. For more than 30 years, SimCorp had developed it products in close collaboration with a number of international financial institutions and corporates. The SimCorp systems, SimCorp Dimension and IT2, are sold, implemented and supported from the head office in Copenhagen and subsidiaries in Brussels, Frankfurt, Hong Kong, London, New York, Oslo, Stockholm, Singapore, Sydney and Zurich.
For more information on SimCorp, visit the company’s website on www.simcorp.com.
About Actuate Corporation
Actuate Corporation is the world leader in Enterprise Reporting and Performance Management Applications that empower 100% of users to achieve breakthrough corporate performance. Actuate provides the most scalable, reliable, flexible and high-performing reporting capabilities for every application in the enterprise. Customers use Actuate to deliver information in context to users inside and outside the firewall as Performance Management and Customer Self-Service applications, managed spreadsheet applications and Java reporting applications.
Actuate has over 3,500 customers globally in a range of industries including banking, insurance, manufacturing, communications, and government. Founded in 1993, Actuate has headquarters in South San Francisco, Calif., with offices worldwide. Actuate is listed on the NASDAQ exchange under the symbol ACTU.
For more information on Actuate, visit the company's Web site at www.actuate.com.
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