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ACQUIRED COMPANY
 
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Actuate  (Stock symbol: BIRT ) Acquired by Opentext (2015  amount undisclosed )

951 Mariners Island Boulevard
San Mateo, CA 94404
USA
650-645-3000
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Nicolas C. Nierenberg (Actuate Chairman) Steven D. Whiteman (Intesource President/CEO) Raymond Ocampo (Samurai Surfer CEO) George Beitzel (IBM Former Sr. VP) Ken Marshall (Extraprise CEO) Arthur C. Patterson (Accel General Partner)
Former advisory board: Jay Hoag (TCV)
Company

Business description: 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.
Customers include: Actuate Agile SoftwareBank of AmericaBroadVisionCallidusCloudCitigroupDetermineFidelityGeneral ElectricIntersect SoftwareKaiser PermanenteKeycorpLegg MasonLucent TechnologiesMetLifenewScaleNikuPowerMarketRaymond James FinancialState Street CorporationVoxeoWorkspeed;  Countrywide Financial;  County Durham and Darlington FireAndRescue Service ;  Elcom;  Evolve;  Florida Surplus Lines Service ;  ICOR ;  KnowledgePlanet;  MarshAndMcLennan;  Mercy Ships ;  Mont Sec;  Safeco;  Singapore Press Holdings;  Wachovia Corp.;  Watson Wyatt;  Wiltshire Police Constabulary ;  Xtiva
Partners include: Acorn VenturesAseraAvolentBanterCorpBEA SystemsBrightstar Information Technology GroupBroadVisionCascadeWorksClarifyDaegisForte SoftwareFujitsuHortonworks HPIBMInformix SoftwareKXEN MicrosoftmLogica NECOraclePacketeerPeopleSoftPerfect CommercePlumtree SoftwarePorteraPricewaterhouseCoopersProgress SoftwareQuestraReutersSAP Labs U.S.Siebel SystemsSun MicrosystemsSybaseToshibaTrilogyUpworkVantiveXtimeZaplet;  Astrea Systems;  BBN Domain;  BMC Sodtware;  E-Middleware;  European IT Consultancy ;  i2 Technologies;  Indusa Global;  Popware;  Powersolv;  Prelude Systems;  Sensormatic;  SilverStream;  SmartTime;  Sonata Information Technology;  Tangent Technology;  Telesoft;  Tsinghua University;  USoft;  VoltDB
Capital

Rounds: 4
Capital raised: 15.1M
Ownership: Acquired by Opentext (2015  amount undisclosed )
Stock Symbol: BIRT
Angels/other VCs: Steve Whitman (Viasoft)
Corporate investors: PeopleSoftStanford University

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Overview
Record updated: Dec 2014
Sector: Software
Year Founded: 1993
Headcount: 501-600 as of Mar 2011
Rounds: 4
Capital Raised: 15.1M
Ownership: Acquired by Opentext (2015  amount undisclosed )
Stock Symbol: BIRT