Actuate Corporation, a provider of business intelligence, performance management and reporting applications, outlined how it is harnessing open source disruption to advance the company's leadership in the business intelligence (BI) market. Actuate is the founder and co-leader of the popular Eclipse BIRT (business intelligence and reporting tools) open source project at the Eclipse Foundation. Speaking at Actuate's International User Conference, Pete Cittadini, the company's CEO and president outlined a differentiated business model that expands Actuate's market and accelerates revenue, while dramatically lowering the company's cost of sales and marketing to drive overall earnings growth.
Open source adoption is accelerating and Eclipse has established a dominant position among development platforms. Actuate initiated the Eclipse BIRT Project in September 2004 and continues to lead the project management committee (PMC) for Eclipse BIRT, which recently surpassed one million downloads ("BIRT Races Past One Million Downloads," issued July 16th, 2007). Eclipse BIRT is the only top-level Eclipse project focused on BI and Actuate's efforts to build a strong community and momentum around the project have established the company as a leading force in open source BI.
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