We have seen significant growth in our BIRT related activity, which allowed us to virtually double our BIRT related business in 2008
Actuate One of Only Eleven Technology Companies to Achieve the Honour for the Past Two Consecutive Years
London, UK – July 14th , 2009 - Actuate Corporation (NASDAQ: ACTU), the people behind BIRT™, today announced that for the second year running, Actuate is being honoured on FORTUNE magazine’s annual list of the 100 fastest growing, public companies in America. Every year, the editors of FORTUNE Small Business analyse public companies with annual revenues of less than $200 million and a stock price greater than $1 to determine which of these businesses are achieving the most rapid growth and success year over year. The companies are selected based on growth in earnings per share, revenues and stock performance over the past three years.
Through its award programme FORTUNE honours elite public companies, such as Actuate, that are thriving despite the current economic downturn. Technology companies continue to dominate the FSB 100, with 30 technology companies making the list in 2009 vs. 25 in 2008. Actuate, having achieved the prestigious honour two years in a row, attributes its ongoing success to Eclipse BIRT, the premier rich information application development environment and top level Eclipse project founded and co-led by Actuate. As the basis of its commercial software offerings, BIRT is a growth driver of Actuate revenue.
“We stand firmly behind BIRT and are pleased that the growth and innovation we’ve seen in the BIRT community has been an active catalyst for Actuate’s continued success,” said Pete Cittadini, president and chief executive officer at Actuate. “We have seen significant growth in our BIRT related activity, which allowed us to virtually double our BIRT related business in 2008. We are extremely pleased to be receiving this accolade for the second consecutive year, and I firmly believe it is a testament to the innovation and enthusiasm in the BIRT community, combined with the incredible team we have here at 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/fsb100/2009/full_list/.
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 data in compelling and interactive ways via the web on any device. Actuate and its people are dedicated to making BIRT the best development environment for these Web 2.0 applications that help customers drive revenue through higher customer satisfaction and 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, interactivity and enterprise scalability to BIRT-based Rich Information Applications. Actuate has over 4,400 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.
Carina Birt, Sarum
PR for Actaute UK
+44 1722 411150
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