22 Out of the Top 25 Western European Banks Rely on Actuate.New Listing Confirms Actuate's Position as The Enterprise Reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. Vendor of Choice For Western European Banks SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif. -- Actuate Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTU ACTU Australian Council of Trade Unions ACTU AIDS Clinical Trials Unit (Washington University Medical Center, St. Louis, Missouri) ACTU Association of Catholic Trade Unionists ACTU Australian Capital Territory Union ), the world leader in Enterprise Reporting and Performance Management Applications that empower 100% of users to achieve breakthrough corporate performance, today announced that 22 out of the Top 25 Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). Banks (listing published by The Banker, 2006) rely on Actuate for their Enterprise Reporting Applications. These top 22 banks entrust Actuate technology to deliver real-time access to critical information in areas such as customer self-service, client reporting, prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. and asset management. "The Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry faces unique market pressures which they need to respond to by generating greater customer value through initiatives around transparency, regulatory compliance, and better customer service," commented Actuate's VP of EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , Vincent De Gennaro. "Actuate's scaleable enterprise reporting solutions are repeatedly endorsed by the world's largest financial services companies who have standardized on Actuate to underpin their reporting operations. This announcement of our European penetration is further testament to how successful that focus continues to be." Actuate responds to the exacting demands of its financial services clients by delivering scaleable, robust enterprise reporting solutions that deliver real-time access to the most up-to-date information for hundreds of thousands of users. This unique and highly scaleable application approach appeals to organizations for whom information is the primary asset and product, and where sophisticated information collation COLLATION, descents. A term used in the laws of Louisiana. Collation -of goods is the supposed or real return to the mass of the succession, which an heir makes of the property he received in advance of his share or otherwise, in order that such property may be divided, together with the and reporting offers real benefits in increased customer satisfaction, improved customer service and greater compliance. This year the financial services sector accounts for close to 50% of Actuate UK's enviable blue-chip client roster and this successful market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" is echoed in the US where 19 of the 21 financial services companies in the Fortune 100 are Actuate customers. During 2006 Actuate has continued to provide in-depth analysis and research of key financial services regulations and a recent Actuate study into the use of spreadsheets amongst financial services companies, highlighted the risks that could ultimately damage both the reputation and profitability of the banks through extensive spreadsheet usage. This and other Actuate-led research is widely sourced and consistently positions Actuate at the forefront of information reporting initiatives in financial services. To find out more about Actuate solutions for Financial Services or to access our most recent industry research please visit, http://www.actuate.com/actuatework/industry/financialserv.asp. About Actuate Corporation Actuate Corporation is the world leader in Enterprise Reporting and Performance Management Applications that empower 100% of users to achieve breakthrough corporate performance. Actuate provides the most scalable, reliable, flexible and high-performing reporting capabilities for every application in the enterprise. Customers use Actuate to deliver information in context to users inside and outside the firewall as Performance Management and Customer Self-Service applications A software application that allows a user to obtain information or complete a business transaction on the computer that has traditionally required the help of a human representative. Voice response systems and Web sites are widely used for self-service applications. See kiosk. , managed spreadsheet applications and Java reporting applications. Actuate has over 3,500 customers globally in a range of industries including banking, insurance, manufacturing, communications, and government. Founded in 1993, Actuate has headquarters in South San Francisco, Calif., with 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] 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. |
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