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The combination of Actuate’s eSpreadsheet and ClusterSeven’s Enterprise Spreadsheet Manager is an excellent solution

London, UK – March 2nd , 2009 – Actuate Corporation (NASDAQ: ACTU), the leader in delivering Rich Internet Applications Without Limits™, today announced a joint marketing agreement with ClusterSeven (London and New York), an international provider of spreadsheet management solutions that enhance risk management, compliance and business efficiency for financial institutions and Fortune 500 financial reporting divisions. ClusterSeven and Actuate eSpreadsheet together deliver spreadsheet production, maintenance, archiving, security, data integrity and compliance with improved productivity, flexibility and document lifecycle management—all in highly regulated business environments.

ClusterSeven is designed to help meet regulations and maintain compliance for users of Actuate’s eSpreadsheet that design, generate and distribute information as intuitive, rich, interactive spreadsheets. In addition, ClusterSeven allows eSpreadsheet customers to free up corporate resources spent on meeting regulatory criteria while saving costs and reducing the likelihood of fines.

“The combination of Actuate’s eSpreadsheet and ClusterSeven’s Enterprise Spreadsheet Manager is an excellent solution for overseeing the use and lifecycle of spreadsheets,” said Ralph Baxter, CEO of ClusterSeven. “Our unique, non-invasive file watching capabilities allow users to retain all the familiarity and flexibility of their spreadsheets while data veracity and transparency are assured.”

Many business activities require repeatable spreadsheet generation and management. However, there are increasing demands for these spreadsheets to satisfy regulations and adhere to compliance standards. Actuate helps businesses receive the benefit of reliable spreadsheet generation vital to business processes, while ClusterSeven understands and helps them deliver compliance and management.

“We continually find our customers are looking to minimise spreadsheet risk while maintaining existing systems,” said Nobby Akiha, senior vice president of marketing at Actuate. “Our agreement is timely, as we can now provide a solution that ensures our customers are not vulnerable to data irregularities and meet heightened standards of compliance without interrupting user familiarity and productivity.”

About ClusterSeven

ClusterSeven (London and New York) provides enterprise-wide, strategic spreadsheet and data management software to financial institutions and Fortune 500 financial reporting divisions. ClusterSeven’s software non-intrusively monitors and tracks spreadsheets to enable users to more effectively manage governance, risk and regulatory compliance obligations in order to generate revenue, enhance staff efficiency and boost productivity. For more information about the company, visit www.clusterseven.com.

About Actuate Corporation

Actuate Corporation is dedicated to increasing the richness, interactivity and effectiveness of enterprise data, for everyone, everywhere. Actuate delivers the next generation RIA-ready information platform for both customer and employee-facing applications. The Actuate platform boasts unmatched scalability, high-performance, reliability and security. Its proven RIA capabilities and highly collaborative development architecture are backed by the world's largest open source information application developer community, grounded in BIRT, the Eclipse Foundation’s only top level Business Intelligence and reporting project.

Global 9000 organisations use Actuate to roll out RIA-enabled customer loyalty and Performance Management applications that improve customer satisfaction and employee productivity. The company has over 4,400 customers globally in a diverse range of business areas including financial services and the public sector, many of which have a long history of deploying Actuate-based solutions for dozens, or even hundreds of their mission-critical applications.

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

PR Contact:

Carina Birt, Sarum
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 https://pressreleasewire.responsesource.com/about.