Actuate ships innovative client/server reporting solution; Actuate attracts $4 million in new funding.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)--Feb. 26, 1996--Actuate Software Corporation today announced that it has shipped several components of the Actuate Reporting System 1.0, including the Actuate Developer Workbench, Actuate End User Desktop and Actuate Viewer. The company also announced that it has secured $4 million in new funding from some of the industry's leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , including 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. , Accel Partners and Mohr, Davidow Ventures. Actuate is rapidly gaining attention as the industry's only reporting solution designed for a client/server environment A networking environment that is made up of clients and servers running applications designed for client/server architecture. See client/server. and based on an object-oriented architecture. Additionally, Actuate provides the first systematic approach for operational reporting design, generation and distribution in a variety of client/server applications, and leverages new development technologies for data warehouses and the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . The Actuate Reporting System is targeted at the numerous corporate MIS (1) (Management Information System) An information system that integrates data from all the departments it serves and provides operations and management with the information they require. departments struggling to meet increasing end user demands for timely delivery of information in the form of meaningful documents or functional on-line reports. This has created severe problems for companies including the distribution of inadequate or inaccurate information, frequent querying on operational databases, poor network performance, MIS backlogs and many dissatisfied dis·sat·is·fied adj. Feeling or exhibiting a lack of contentment or satisfaction. dis·sat  is·fied users. Since many large companies devote more than 60 percent of MIS time and resources to the production of thousands of daily reports, operational reporting has become a key area for improvement within the corporate enterprise. "While the growth of client/server has improved the distribution of information throughout an enterprise, the efficient delivery of that information to the end user in a useful and functional format has remained a mystery," said Nico Nierenberg, 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 Actuate. "Actuate took a unique approach to this classic problem and created an entirely new architecture from the ground-up for operational reporting in client/server environments. Actuate delivers the industry's first solution that maximizes resources in a distributed enterprise and provides users with flexible, interactive on-line reports they never thought possible." The Actuate Reporting System is based on patent-pending Report Object technology that provides object-oriented reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. of business reports and report components and balances reporting functionality and processing between three tiers -- client, application and server. Actuate gives MIS developers the power to build Report Object designs and components which can easily be adapted and customized by end users to meet ad-hoc query and reporting requirements. Innovative Technology Attracts Investors Actuate's introduction of new technology to a large horizontal marketplace that has experienced little or no innovation over the last several years led Douglas Leone, general partner at Sequoia Capital, to approach Actuate about an investment opportunity. "Actuate is a second-generation reporting product and will dominate this market because it is the only solution that has applied technological advancements such as object-orientation, a client/server architecture An environment in which the application processing is divided between client workstations and servers. It implies the use of desktop computers interacting with servers in a network in contrast to processing everything in a large centralized mainframe. See client/server. and a graphical page layout :For the Wikipedia policy about articles layout, see Wikipedia:Guide to layout. Page layout is the part of graphic design that deals in the arrangement and style treatment of elements (content) on a page. to reporting, allowing corporations to gain control over one of their most valuable assets -- information," said Leone. Leone continued, "Every application provider, consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" provider, development tool vendor and database supplier needs the modern reporting solution that Actuate provides. Already, companies such as EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. Unigraphics, Bolt, Beranek and Newman and Clarify have made commitments to bundle or resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. the Actuate Reporting System." Pricing and Availability The Actuate Reporting System consists of a suite of products. Actuate Developer Workbench, Actuate End User Desktop and Actuate Viewer are currently available. Actuate End User Workbench, Actuate Report Server and Actuate Administrator Desktop will be available in the second quarter of 1996. -- Actuate Developer Workbench is used by professional developers to design, test and deploy Report Object designs and class libraries. It is priced at $1,999. -- Actuate End User Desktop is used for requesting ad-hoc reports and for viewing and printing Report Objects. Pricing for Actuate End User Desktop is $199. -- Actuate Viewer is a royalty-free product for end users to view and print Report Objects. -- Actuate End User Workbench is used by end users to adapt, customize and assemble Report Object components built by developers, create new ad-hoc queries and reports and to view and print Report Objects. The Actuate End User Workbench is priced at $599. -- Actuate Report Server provides shared high performance Report Object generation, distribution, printing and administration. Pricing for the Actuate Report Server starts at $1,500. -- Actuate Administrator Desktop is used by system and network administrators to manage user accounts, set resource quotas and security, manage Report Servers and schedule production activities. Actuate Administrator Desktop is priced at $599. Actuate Software Corporation Founded in 1993 and headquartered in San Mateo, Calif., Actuate Software Corporation is a private company that has 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 investors Accel Partners, Mohr, Davidow Ventures and Sequoia Capital. Actuate has created the first reporting system architected for client/server. The company reaches its customers through a multi-channel sales, distribution and support strategy that includes large, strategic sales to Fortune 1000 corporations as well as Actuate-certified VARs and consultants worldwide. -0- Note to Editors: (c) 1996 Actuate USA. All rights reserved. Actuate and Report Object are trademarks of Actuate Software Corp. CONTACT: Samluk Communications, Inc. Mary Camarata, 510/736-8166 or Actuate Software Corporation Al Campa, 415/638-2131 |
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