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Actuate Selected as IBM Cluster ISV Partner for Banking

  • 18 January, 2006 12:12

<p>Actuate Chosen as Only Enterprise Reporting Vendor Partner for IBM Front Office Banking Practice</p>
<p>Actuate Corporation (NASDAQ: ACTU), the world leader in Enterprise Reporting Applications, today announced that it has been selected as an IBM Banking Cluster ISV Partner. The expanded relationship will deliver next generation online reporting and analysis for consistent multi-channel customer experience and unified customer insight to both IBM and Actuate’s banking customers.</p>
<p>Banks are currently facing several challenges within their front office operations to serve an increasingly demanding and informed customer base. Actuate and IBM aim to deliver applications that improve the customer experience by empowering personnel with actionable client information, increasing customer satisfaction and retention rates, providing value added services to the online channel, and reducing operating costs via higher online channel adoption. An equally important goal of the relationship is to maximize the value banks derive from multi channel banking by providing a unified customer view, maximizing cross-selling opportunities across channels and delivering better segmentation, so that banks can offer the right service at the right time.</p>
<p>Actuate has been selected amongst a handful of preferred banking solution partners which IBM will take to market for front office strategic banking solution initiatives. The types of front office solutions that can be delivered to customers include:</p>
<p>• Online channel reporting and analysis</p>
<p>• Broker portals</p>
<p>• Branch loan reporting and&amp; analysis</p>
<p>• Online account statementing</p>
<p>• Cash management reporting</p>
<p>• Client reporting</p>
<p>“There is a tremendous market opportunity for enhanced reporting solutions, multi-channel and customer-insight initiatives within the banking sector,” said Mark Greene VP for Financial Services at IBM. “Actuate’s track record for addressing mission critical business issues for the top financial institutions makes it an excellent fit for IBM’s Strategic Banking Partner Program.”</p>
<p>“Being chosen amongst a select list of vendors to be part of IBM’s Banking Practice is a testament to Actuate’s strength in the banking sector,” said Pete Cittadini, president and CEO of Actuate Corporation. “Four of the top five US-based global banks are committed to Actuate for front office reporting applications and we expect our partnership with IBM to further strengthen our appeal within this vertical.”</p>
<p>About Actuate Corporation</p>
<p>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.</p>
<p>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</p>
<p>Copyright© 2006 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.</p>
<p>Submitted on behalf of Actuate by Einsteinz Communications (02) 9965 7227</p>

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