Actuate Announces Immediate Availability of e.Spreadsheet Performance

Actuate Announces Immediate Availability of e.Spreadsheet Performance Edition

    Business Editors/High-Tech Editors

    SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Feb. 22, 2005--

Scalable, Managed Spreadsheet Solution Supports Users' Preference for Conducting Performance Analysis Using Spreadsheets
    Actuate Corporation (NASDAQ:ACTU), the world leader in Enterprise Reporting Applications, today announced the immediate availability of e.Spreadsheet Performance Edition. The new release of Actuate 8 e.Spreadsheet enables users of Actuate-based Enterprise Reporting Applications to leverage their familiarity with Microsoft Excel to easily analyze financial performance, account status, sales results and other critical performance information. e.Spreadsheet Performance Edition features Cell Locking and Matrix Script capabilities, which enable companies to replace manual non-compliant Excel applications with an auditable and repeatable process for giving employees and customers the spreadsheets they demand for intuitive performance analysis.
    The key to improving corporate performance is empowering as many employees, customers and partners with the information they need to make day-to-day decisions. Actuate e.Spreadsheet Performance Edition presents data in a format that is intuitive and familiar, reducing or eliminating the training barriers that keep users from effectively leveraging performance data. e.Spreadsheet Performance Edition's Matrix Script functionality allows companies to easily generate live Excel spreadsheet reports that display hierarchical performance data based on any dimension including geography, organizational structure, time or any other arbitrary dimensions specific to a business process. By precisely reflecting the structure of business processes in intuitive spreadsheets, performance information is made readily accessible and understandable.
    Users' preference for spreadsheets stems not only from familiarity, but also from the ease with which they can conduct what-if analysis. Because Actuate's e.Spreadsheet solution uniquely delivers Excel spreadsheets with live formulas and graphs, users don't need to re-key formulas and recreate charts before starting the analysis process. e.Spreadsheet Performance Edition's new Cell Locking capabilities eliminate the possibility that users may inadvertently change key operational data or business logic as they conduct performance analysis using spreadsheets by enabling report designers to password protect specified cells during the report development process.
    "Actuate's philosophy is unique within the business intelligence industry in that we embrace Excel as a vehicle for conducting performance analysis instead of attempting to replace it," said Nobby Akiha, Actuate's vice president of marketing. "e.Spreadsheet Performance Edition makes it even easier for users to actively engage in the process of improving corporate performance by giving them intuitive access to information that they can use in their day-to-day activities. These new capabilities accelerated our ability to deliver the Actuate Financial Performance Management (FPM) solution, and as a result, organizations are equipped to reap the benefits of 100% user adoption of information in even more areas of the business."

    About Actuate Corporation

    Actuate Corporation is the world leader in Enterprise Reporting Applications that ensure 100% adoption by users. Actuate's Enterprise Reporting Application Platform is the foundation on which Global 9000 organizations (companies with annual revenues greater than $1 billion) and packaged application software vendors develop intuitive, Web portal-like reporting and analytic applications that empower 100% of users with decision-making information. These applications are deployed inside and outside the firewall to improve corporate performance across a range of business functions including financial management, sales, human resource management, and customer self-service. When tested against other business intelligence products, Actuate's Enterprise Reporting Application Platform has been proven to offer industry-leading scalability and the lowest Total Cost of Ownership. Actuate has over 3,000 customers globally in a range of industries including financial services, pharmaceuticals, insurance, and distribution services, as well as the government sector.
    Founded in 1993, Actuate has headquarters in South San Francisco, Calif., and has 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.

    Copyright(C) 2005 Actuate Corporation. All rights reserved. Actuate and the Actuate logo are registered trademarks of Actuate Corporation and/or its affiliates in the U.S. and certain other countries. All other brands, names or trademarks mentioned may be trademarks of their respective owners.

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CONTACT: Actuate Corporation Leena Bengani, 650-837-4837 lbengani@actuate.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE BANKING SOFTWARE NETWORKING PRODUCT SOURCE: Actuate Corporation

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