Actuate Corporation Announces Equity Investment in Actuate Japan by e-Business Solutions Reseller K.K. Ashisuto.Business Editors/High-Tech Writers 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.--(BUSINESS WIRE)--Sept. 11, 2001 Ashisuto Acquires Equity Position from Shareholders Air Company Limited and Computer Institute of Japan as Local Information Delivery Market Opportunity Expands Actuate Corporation (Nasdaq: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 Information Delivery market leader, today announced that K.K. Ashisuto, a Tokyo-based provider of business software and related services, has acquired an equity position in Actuate Japan. Already a key partner to Actuate and strategic reseller of its products, Ashisuto, with its strong local reputation and national sales network, seeks to leverage an expanding market opportunity for Information Delivery solutions in Japan. As per the agreement, Ashisuto has acquired an equity position in Actuate Japan, a subsidiary of Actuate Corporation, which became the majority shareholder in April 2000. Ashisuto purchased its shares of Actuate Japan from local distributors Air Company Limited and Computer Institute of Japan, Ltd. "Our equity participation in Actuate Japan matches the policy of offering optimal product supply and support to our customers that we are pursuing at all times," said Bill Totten, president of K.K. Ashisuto. "The rapid growth of the Information Delivery market in the U.S. and Japanese markets has caught our attention. Although we had already formed an alliance with Actuate Japan as a distributor in June of this year, this equity participation enables us to provide the latest solutions and support to our customers at all times based on a stronger cooperative relationship between our firms." The Actuate e.Reporting Suite is a 100% pure Web solution that requires zero training for end users, that supports multiple output formats including DHTML See Dynamic HTML. DHTML - Dynamic HTML , PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. , XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and Excel compatible spreadsheets. In version 5 of the Actuate e.Reporting Suite, Actuate added support for Java (EJBs) and open security (LDAP (Lightweight Directory Access Protocol) A protocol used to access a directory listing. LDAP support is implemented in Web browsers and e-mail programs, which can query an LDAP-compliant directory. ). These capabilities have proven to be a very valuable asset to Web application developers of the world's biggest companies and leading OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and vendors who continue to increase the use of Actuate to deliver vital information to their customers, partners and employees. "Information Delivery technology continues to be a high priority for Japanese companies This is a list of companies from Japan. Note that 株式会社 can be (and frequently is) read both kabushiki kaisha and kabushiki gaisha (with or without a hyphen). See that article for more details. seeking to improve the efficiency of enterprise supply chains and strengthen relationships with customers," said Yuji Chahara, president of Actuate Japan. "In Japan there is an increased fervor for Information Delivery powered e-Business applications and future market expansion can be expected. The equity investment by Ashisuto enables us to grow our market position based on the strong backbone of a deep sales force and service system." About K.K. Ashisuto Ashisuto was established in 1972 and handles a diverse variety of software packages without bias to a specific hardware maker or software vendor. Ashisuto provides software that assists customers in a variety of business areas beginning with Oracle products -- the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in the database field -- and including system operation management, security, development support tools and Web infrastructure building support tools. In addition, the company is enhancing its software consulting area and aiming to be a "company that provides problem resolution methods to its customers." (www.ashisuto.co.jp) About Actuate Corporation Actuate Corporation is the leading provider of Information Delivery solutions for Global 2000 companies and packaged application software vendors. Actuate builds solutions for customer applications including client reporting, key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , e-Procurement and Net marketplaces. Actuate's Information Delivery solutions make it easy to extract operational data from disparate systems and publish secure, interactive and perfectly formatted content that is seamlessly integrated with the rest of a company's Web site. Actuate content can also be printed, exchange data with other applications and accessed using Excel spreadsheets. By instantly delivering personalized content to 100,000s of end users -- without downloads -- companies using Actuate can increase revenue, reduce costs and improve customer service. Actuate has over 1,300 direct customers and over 170 OEM partners including American Express, AT&T, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , BMC Software, Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. , Clarify, Lucent Technologies, WorldCom, PeopleSoft and Siebel. Founded in 1993, Actuate has headquarters in South San Francisco, Calif., and has offices worldwide. For more information on Actuate, visit the company's Web site at www.actuate.com. Note to Editors: Actuate is a registered trademarks of Actuate Corporation. e.Reporting is a trademark of Actuate Corporation. Java, 100% Pure Java, and all Java-based trademarks and logos are trademarks or registered trademarks of Sun Microsystems, Inc., in the U.S. and other countries. Excel is a trademark of Microsoft Corporation. |
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