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Actuate and Tsinghua University Sign MOU to Collaborate on BI Software Research.

SOUTH SAN FRANCISCO, Calif. -- Partnership Will Facilitate Knowledge Transfer and Innovation in Business Intelligence and Enterprise Reporting

Actuate (Nasdaq:ACTU), the world leader in Enterprise Reporting Applications, announced today that it has signed a memorandum of understanding (MOU) with the Research Institute of Information Technology (RIIT), part of the School of Information Science and Technology (SIST) of Tsinghua University, China's top academic institution for computer software research, to establish a close relationship in the area of Business Intelligence (BI). Actuate will provide software licenses, training and consulting services to initiate and maintain the collaboration.

This move marks the first collaboration of this nature between a BI vendor and a university in China. Research staff from Actuate and Tsinghua University will work together to drive research in BI and enterprise reporting software targeted at various geographical markets worldwide.

Tsinghua University is China's number one academic institution for computer software research, especially in the areas of BI, e-enterprise, and e-government. Besides providing Actuate with top students and research professionals to further the development of BI software and publish articles, Tsinghua University will also send its top performing students to Actuate Corporation Headquarters in the U.S. as part of an internship program. There are also future plans for Actuate to work with Tsinghua University to develop a joint curriculum in business intelligence software design for students.

"Being a world-class university, Tsinghua University believes in developing and nurturing the potential of our students. Collaborating with leading global organizations enables these students to keep pace with the latest developments in software technology. Our collaboration with Actuate will provide the software development skills and business acumen to develop excellent software professionals," says Kang Kejun, Vice President, Tsinghua University.

"As part of our drive to further BI software research, Actuate intends to work closely with academic institutions with global reputations on joint research and development projects," said Pete Cittadini, president and CEO, Actuate Corporation. "The talent and accomplishments of some of our senior executives, who are Tsinghua University alumni, underscore its exemplary level of education. We are pleased to work with Tsinghua University and firmly believe this collaboration will enable us to further innovate in China."

About Tsinghua University

Established in 1911, Tsinghua University is China's most comprehensive university and consists of 44 departments distributed in 11 schools, including the school of sciences, architecture, engineering, information science and technology, humanities and social sciences, economics and management, law, public policy and management. It is a world-class university that has witnessed the graduation of over 100,000 students, including many outstanding scholars, eminent entrepreneurs and great statesmen remembered and respected by their fellow Chinese citizens. Presently, Tsinghua University has over 20,000 students, including 12,000 undergraduates, 6,200 master's degrees candidates and 2,800 doctoral candidates. For more information, please visit www.tsinghua.edu.cn.

Research Institute of Information Technology (RIIT), as part of the School of Information Science and Technology (SIST) of Tsinghua University, is the major force and central base of Tsinghua University's research and development effort in information technology. Established in 2003, it was formed with newly created technology R&D centers and SIST's existing engineering R&D centers. RIIT's mission is to target on world-class R&D objectives and standards, leverage on Tsinghua University's advanced research environment and recent technical innovation, cooperate with talented research teams in related academic departments, laboratories as well as industrial partners, and produce significant achievements in emerging information industries and national interest projects. For more information, please visit www.riit.tsinghua.edu.cn.

About Actuate Corporation

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 2,800 customers globally in a range of industries including financial services, pharmaceuticals, insurance, and distribution services, as well as the government sector.

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 www.actuate.com.

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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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 28, 2004
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