Actuate Corporation (NASDAQ: BIRT), The BIRT Company
™ - delivering more insights to more people than all BI companies combined, today provided additional details of the $30 million share repurchase program first announced on August 2nd, 2012.
“Our hybrid open source enterprise model continues to generate healthy cash flow, enabling us to invest in our business and return capital to our shareholders,” said Peter Cittadini, President and CEO of Actuate. “This repurchase program still enables us to take advantage of strategic acquisitions to propel our BIRT strategy forward - and we will remain focused and opportunistic on this front.”
The share repurchase authorization does not have an expiration date and the pace and timing of repurchases will depend on factors such as cash generation from operations, the volume of employee stock plan activity, cash requirements for acquisitions, economic and market conditions, stock price and legal and regulatory requirements.
Actuate – The BIRT Company™
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
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
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
for any cloud, hybrid, on-premise, web or touch device deployment.
, Actuate has over 5,000 customers globally in a diverse range of business areas including
. Actuate is listed on NASDAQ under the symbol BIRT. For more information, visit
or engage with the BIRT community at
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.