Actuate Announces $30 Million Share Repurchase Program

Actuate Corporation 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.”