Acquisition Bolsters Actuate’s Strategy to Bring the Most Insights to the Most People with Advanced & Predictive Analytics, Social Media Analytics and Visual Data Mining
SHANGHAI, Oct. 24, 2012 /PRNewswire/ -- Actuate Corporation (NASDAQ: BIRT), The BIRT Company™ – delivering more insights to more people than all BI companies combined – today announced that it has acquired Quiterian S.L., a privately held software company that provides visual data mining, social media analytics and predictive analytics for business and other non-technical users.
Quiterian fits very well into Actuate’s core business and strengthens its unique ability to help more end users identify and operationalize insights derived from any data source. Quiterian Analytics will be integrated into Actuate’s flagship product, ActuateOne, and will be known as BIRT Analytics. BIRT Analytics will empower business users far beyond the capabilities of existing data discovery and business intelligence technologies to present them with a powerful combination of analysis, visualization and information delivery options.
BIRT Analytics enriches, deepens and accelerates Actuate’s ongoing efforts to bring the most insights to the most people. By providing advanced analytics, visual data mining, and predictive analytics functionality to business users, enterprises get more value from more data, including SalesForce.com and unstructured Big Data sources such as Twitter, Facebook, Facebook Ads, Google Analytics and Experian Cheetahmail. BIRT Analytics takes business users far beyond capabilities of existing data discovery technologies to the deep analysis previously reserved for data scientists and statisticians. Today, Actuate has extended its lead in delivering insights to any user, regardless of skill level, in a world where traditional BI companies and data warehousing approaches struggle to identify and operationalize insights from data that is being generated at an exponential pace.
Quiterian is an established player in Business Intelligence as noted by leading analyst firms. It has a well established customer base that includes public and private organizations in Telco, eCommerce, Financial Services, Healthcare and Gaming. Notable customers with massive data sets include Telefonica, Vodafone, Orange, La Caixa, Deutsche Bank, Volkswagen, BBVA, Renault, Bayer and several governmental bodies in Spain and Latin America including security and police forces, healthcare, public transportation and tax agencies.
“By acquiring world-class technology and talent at Quiterian, we’re taking powerful analytics and visual data mining technologies that have demonstrated traction in Spain to the rest of the world via our direct, OEM and partner channels,” said Pete Cittadini, President and CEO at Actuate. “We’re eager to add Quiterian’s leading-edge predictive analytics and data mining capabilities to the growing set of powerful technologies that BIRT developers can use to create applications that deliver insights. Quiterian’s technology is applicable to every one of our customer’s Business Intelligence, Performance Analytics and Customer Communication Management deployments and it is going to generate a lot of interest.”
The Quiterian team will immediately join Actuate’s existing staff. It includes a talented group of engineers, data scientists and innovators, who bring an unmatched combination of scientific, industry and academic talent. Josep Arroyo, Quiterian’s founder and CEO will become Actuate’s VP of BIRT Analytics. Josep has established himself as a renowned entrepreneur in the data mining and analytics field and has over 30 years of experience in this area. In his new role, Josep will drive the data mining and analytics strategy, plus overall technology innovation for BIRT Analytics at Actuate.
”We’re excited to join the Actuate team and ready to show the world what Quiterian and BIRT Analytics can do. The BIRT community and Actuate’s customer base do a great job at empowering business users and Quiterian’s technology will fit well into furthering this goal,” said Josep Arroyo, Quiterian founder and CEO. “Actuate and Quiterian share common values, common approaches and a common vision to deliver insights and we look forward to the next chapter of realizing this vision with BIRT Analytics.”
Financial details of the transaction were not disclosed. For more information, visit http://www.actuate.com/quiterian.
Actuate founded and co-leads the BIRT open source project, which is used by over 1.5 million developers around the globe and serves as the foundation of the ActuateOne® platform. Applications built on ActuateOne deliver more business and consumer insights to more people than all BI companies combined - ensuring organizations are ready for the exponential growth of Big Data and the proliferation of touch devices.
The ActuateOne platform empowers developers to rapidly develop custom, BIRT-based business analytics and customer communications applications. ActuateOne applications built with one BIRT design can access and integrate any data, including unstructured sources. They provide one user experience regardless of skill level and are supported by one platform for any cloud, hybrid, on-premise, web or touch device deployment.
Headquartered in Silicon Valley, Actuate has over 5,000 customers globally in a diverse range of business areas including financial services, technology and the public sector. Actuate is listed on NASDAQ under the symbol BIRT. For more information, visit www.actuate.com or engage with the BIRT community at www.birt-exchange.com.
Copyright © 2012 Actuate Corporation. All rights reserved. Actuate, ActuateOne, 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.
Cautionary Note Regarding Forward Looking Statements: The statements contained in this press release relating to Actuate and the acquisition of Quiterian, S.L. that are not purely historical are forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These include statements regarding Actuate's expectations, beliefs, hopes, intentions or strategies regarding the future, including the timing, financing and performance of Quiterian as part of Actuate. All such forward-looking statements are based upon information available to Actuate as of the date hereof, and Actuate disclaims any obligation to update or revise any such forward-looking statements based on changes in expectations or the circumstances or conditions on which such expectations may be based. Actual results could differ materially from Actuate's current expectations. Factors that could cause or contribute to such differences include, but are not limited to quarterly fluctuations in revenues, other operating results and cash flows, our ability to successfully integrate Quiterian, general economic and geopolitical uncertainties and other risk factors that are discussed in Actuate's Securities and Exchange Commission filings, specifically Actuate 2011 Annual Report on Form 10-K filed on March 9, 2012 and in its quarterly reports on Form 10-Q.
