Actuate and Forte Software Sign Partnership Agreement for Enterprise Reporting Solution; Forte Software joins Actuate's Enterprise Partner Program.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.,--(BUSINESS WIRE)--Jan. 20, 1997--Forte Software, Inc. (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 :FRTE FRTE Front pour la Régularité et la Transparence des Elections FRTE File Request Thread Element ) the leading worldwide provider of distributed application An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications development products and services, and Actuate Software Corp., the leading provider of 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. solutions, today announced a strategic partnership. Under the terms of the agreement, Forte Software is recommending the Actuate(TM) Reporting System as the premier enterprise reporting solution for customers building distributed applications with the Forte Application Environment(TM). Forte Software is also bundling an offer for a trial version of Actuate's Developer Workbench with every copy of Forte(R). Further, to foster the development of enterprise reporting solutions worldwide, Forte Software has joined Actuate's Enterprise Partner Program. Actuate's Enterprise Partner Program brings application development tools vendors, leading client/server application providers, data warehousing See data warehouse. data warehousing - data warehouse suppliers and database vendors together with the common goal of distributing valuable business information to large user communities throughout the enterprise. "This is a powerful partnership that will provide our customers with an elegant solution for enterprise reporting," said Marty Sprinzen, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Forte Software. "While application development technology has advanced at a rapid rate, innovations around report production and distribution just haven't kept pace. Actuate represents the first major innovation in the reporting market in years." Combined, Actuate Reporting System and the Forte Application Environment provide a powerful, integrated enterprise development and reporting solution. Using Forte, companies build distributed, multi-tier applications See multitier application. that create valuable business data and now, using Actuate, these companies have the industry's first enterprise solution for accessing and distributing their business information. Based on multi-tier object-oriented architectures, Actuate and Forte are highly complementary products. Through this partnership, the Forte Software sales force will directly promote the Actuate Reporting System to existing and potential Forte customers, providing easy and direct access to the industry's premier, multi-tier enterprise reporting system for their business applications. "Actuate's unique approach to reporting is attracting considerable market support from leaders like Forte Software, and other high-profile vendors, that have products focused on the creation of data," said Nico Nierenberg, president and CEO of Actuate Software Corp. "Therefore, we've set up the Enterprise Partner Program so that we can work with both tools vendors and packaged application vendors to best meet the needs of companies with systems that span the enterprise. The relationship with Forte Software is a real step forward in integrating the application development process with corporate-wide data access and distribution." Montgomery Securities -- Re-engineering with Actuate and Forte Montgomery Securities, a leading securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the firm, is one of the many companies benefiting from the partnership between Forte Software and Actuate. Montgomery is undergoing a major corporate re-engineering effort and has standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. on Actuate as its reporting infrastructure for both client/server and Internet environments. Montgomery is also leveraging the Forte Application Environment for its development needs. "We produce thousands of reports on a monthly basis, making our choice in reporting technology just as critical as our choice in an application development environment," said Larry Sikon, chief technologist at Montgomery Securities. "Forte and Actuate make a powerful combination since they both have three-tier, object-oriented architectures. Also, both companies have the leading products in their respective markets. This partnership helps IS managers develop a complete enterprise development and reporting solution." About Actuate Founded in 1993 and headquartered in San Mateo, Calif., Actuate Software Corp. is the developer of the industry's first reporting system designed specifically to meet the needs of the enterprise. The company markets its products to the Fortune 1000 through multiple sales, distribution and support channels, including a global network of certified value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. (VARs) and consultants. Actuate Software itself is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from Accel Partners, Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. and Mohr, Davidow Ventures. For more information on Actuate visit the company's Web site at www.actuate.com. About Forte Software, Inc. Forte Software, Inc. designs, develops, markets and supports the Forte Application Environment for the development, deployment and management of high-end distributed applications. Headquartered in Oakland, Calif., Forte Software has direct operations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and subsidiaries in the United Kingdom, France, Germany and Australia. Forte is also marketed and sold worldwide through distributors and value-added resellers. For additional information, contact Forte Software via the Internet at info@forte.com or on the World Wide Web at http://www.forte.com. -0- Note to Editors: Actuate is a trademark of Actuate Software Corp. All other products referenced are trademarks of their respective companies. (C) Copyright 1997, Actuate Software Corp. (C) Copyright 1997 Forte Software, Inc. Forte is a registered trademark, and the Forte Application Environment and the Forte logo are trademarks of Forte Software, Inc. Other brand or product names may be trademarks or registered trademarks of their respective companies. CONTACT: Actuate Software Corp. Al Campa, 415/638-2131 acampa@actuate.com www.actuate.com or Samluk Communications, Inc. Mary Camarata, 510/736-8166 camarata@samluk.com www.samluk.com or Forte Software Richard Scheffer, 510/869-3422 www.forte.com |
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