Actuate Collaborates with a Leading IT Services Company
London, UK - August 26th , 2011 – Actuate Corporation (NASDAQ: BIRT), The people behind BIRT® and the leader in open source Business Intelligence (BI), today announced a global alliance with Larsen & Toubro Infotech Ltd (L&T Infotech), one of the world’s top-ranked global IT services and solutions providers and a fully-owned subsidiary of the US $11.7 billion Larsen & Toubro Ltd.
As part of the alliance, L&T Infotech and Actuate will collaborate to deploy BIRT and ActuateOne-based custom Business Intelligence and information applications for the financial services, construction, infrastructure and manufacturing industries to grow their pipeline of mutual clients. Additionally, L&T Infotech will train its employees in ActuateOne and BIRT.
“With our highly proactive stature in open source technologies, we have developed several niche solutions using open source. Many of our clients use open source platforms and we are seeing a growing interest in BIRT and ActuateOne within our client base. We believe that BIRT - which is a widely adopted, open source technology - combined with Actuate’s application development approach to Business Intelligence, visualisation and dashboarding deployments, shows great promise for a successful, longstanding alliance,” said Mr. V. K. Magapu, Director In-Charge of L&T Infotech and Whole-time Director & President (IT, Engineering Services and Corporate Initiatives), L&T.
“L&T Infotech and Actuate share many common traits which we believe will ensure early success,” said Pete Cittadini, President and CEO of Actuate Corporation. “L&T Infotech is one of the fastest growing global IT services companies and BIRT is emerging as the fastest growing BI technology in terms of license revenue growth. This momentum, paired with the fact that over 40% of application developers in India are already using or plan to use BIRT within the next 12 months, represents a great opportunity for L&T Infotech and Actuate.”
Actuate – The people behind BIRT
Actuate founded and co-leads the Eclipse BIRT open source project. ActuateOne is a unified suite of products for rapidly developing and deploying BIRT-based custom Business Intelligence applications and information applications. Applications built with ActuateOne provide one user experience regardless of task or skill level; are supported by one server for any deployment including cloud and are built with one BIRT design that can access and integrate any data source - including high volume print streams. ActuateOne adds rich data visualisations, including interactivity, dashboards, analytics, and deployment options to web and mobile BIRT applications, helping organizations drive revenue through higher customer satisfaction and improved operational performance.
Actuate has over 4,800 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 BIRT. For more information, visit the company's web site at www.actuate.com or visit the BIRT community at www.birt-exchange.com.
Larsen & Toubro Infotech Ltd (L&T Infotech) one of the fastest growing IT Services companies, is ranked by NASSCOM as 8th largest Indian software & services exporter from India and is amongst NASSCOM’s Top 20 IT-BPO Employers in India (FY2009-10). It is also ranked 7th in DATAQUEST-IDC top 20 IT Best Employers Survey 2010. A wholly-owned subsidiary of Larsen & Toubro, a US$ 11.7 billion engineering, manufacturing & financial services organization with global operations, L&T Infotech is differentiated by its unique Business-to-IT Connect, which is a result of its rich corporate heritage.
L&T Infotech offers comprehensive, end-to-end software solutions and services in the following industry verticals: Banking & Financial Services; Insurance; Energy & Petrochemicals; Manufacturing (Consumer Packaged Goods/Retail, High-tech, Industrial Products and Automotive) and Product Engineering Services (Telecom). Our new emerging verticals include Media & Entertainment and Life sciences & Healthcare. We also deliver business solutions to our clients in the following horizontals/Service Lines: SAP, Oracle, Infrastructure Management Services, Testing, Consulting and Business Process Services. Our other service offerings are: Business Intelligence/Data Warehousing, Legacy Modernization, Applications Outsourcing, Architecture Consulting, Enterprise Integration, Service Oriented Architecture, Systems Integration and PLM. (www.Lntinfotech.com)
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