Actuate Corp. (ACTU)

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News out Feb. 4, 2008 Here it is!!!

February 4, 2008 - 6:44 PM EST

Actuate Steps-Up Stock Repurchase Program
Board Authorizes Increase of Over 50% for the First Quarter

Actuate Corporation (NASDAQ:ACTU), the leader in delivering Rich Internet Applications Without Limits™, today announced that its Board of Directors authorized the increase of its existing stock repurchase program by over 50% for the first quarter of fiscal year 2008.

“Actuate’s Board of Directors believes that repurchasing shares of our stock at the current market price is a great use of capital,” said Pete Cittadini, Actuate's president and CEO. “This increased authorization exhibits the high level of confidence the Board of Directors has in the long-term prospects of the company and our Open Source initiative.”

About Actuate Corporation

Actuate Corporation is dedicated to increasing the richness, interactivity, and effectiveness of enterprise data, for everyone, everywhere. Actuate delivers the next generation RIA-ready information platform for both customer and employee-facing applications. The Actuate platform boasts unmatched scalability, high-performance, reliability and security. Its proven RIA capabilities and highly collaborative development architecture are backed by the world’s largest open source information application developer community, grounded in BIRT, the Eclipse Foundations’ only top level Business Intelligence and reporting project.

Global 9000 organizations use Actuate to roll out RIA-enabled customer loyalty and Performance Management applications that improve customer satisfaction and employee productivity. The company has over 4,200 customers globally in a diverse range of business areas including financial services and the public sector, many of which have a long history of deploying Actuate-based solutions for dozens, or even hundreds of their mission-critical applications. Founded in 1993, Actuate has headquarters in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU. For more information on Actuate, visit the company’s web site at www.actuate.com.