Thursday, October 07, 2004

Eclipse Foundation and Actuate Announce Approval of Business Intelligence and Reporting Tools Project

Eclipse Foundation and Actuate Announce Approval of Business Intelligence and Reporting Tools Project
Actuate Corporation (Nasdaq:ACTU), the world leader in Enterprise Reporting Applications, and the Eclipse Foundation, a community committed to the implementation of a universal platform for tools integration, today announced that the Eclipse Foundation has officially approved the Business Intelligence and Reporting Tools (BIRT) Project. Thirty days after posting the BIRT proposal on the Eclipse website, there has been a positive response from Open Source developers who have given feedback to the first Eclipse-backed BI project.

"The Eclipse community and our board members are pleased to accept BIRT as a top level project," said Mike Milinkovich, executive director of the Eclipse Foundation, Inc. "The volume of positive feedback received in response to the BIRT proposal clearly demonstrates the need for a Business Intelligence and reporting tool as part of the Eclipse technology portfolio."

Now that the BIRT project has been officially approved by Eclipse, Actuate will begin the task of stewarding development of BIRT, which is expected to culminate in the industry's first open Business Intelligence and Reporting platform by early 2005. Industry analysts agree that BIRT will benefit developers and Actuate by expanding the visibility of business intelligence and reporting to a wide audience of developers. These developers require easy to use tools, such as BIRT, to decrease development costs associated with the core application functions of reporting and analysis.

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