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ChannelIQ Selects Actuate For Real-Time Sales Reporting

Actuate Chosen to Provide Reporting Service For Companies Selling Through Indirect Channels

Bracknell, Berkshire, UK – April 18th , 2005 – Actuate Corporation (NASDAQ: ACTU), the world leader in Enterprise Reporting Applications, today announced that it has been selected as the reporting component for ChannelIQ’s Channel Analysis, a Web-based reporting service that allows customers to manage channel sales relationships more effectively. Actuate’s Enterprise Reporting Application Platform capabilities will be instrumental in providing a solution which will enable manufacturers to better manage their channel relationships, thereby growing revenues, reducing expenses and increasing partner loyalty.

ChannelIQ chose Actuate after a rigorous selection process, which demonstrated that Actuate provided the sophisticated functionality to enhance Channel Analysis, but was flexible and scalable enough to meet future needs and accommodate growth. Actuate will serve as the primary interface for executive, sales and marketing users who wish to view sales channel reports and dashboards. Actuate has enabled Channel Analysis to provide a "zero-footprint" hosted solution which does not require any downloads or plug-ins for Web-based viewing, and does not depend on IT resources from the manufacturer for deployment.

"Actuate’s capabilities enable Channel Analysis to assist end users in deciphering the overwhelming amount of sales data they receive from distributors," said John Hulina, president and general manager, ChannelIQ. "Actuate’s intuitive reporting interfaces help users realise the power of right-time sales reporting. The result is more profitable relationships with resellers, retailers and other channel partners and distributors."

"Accurate sales reporting that can be adopted by 100% of intended users is key to improving corporate performance for all enterprises," said Nobby Akiha, vice president of Marketing at Actuate Corporation. "We’re excited to see Actuate’s technology embedded in ChannelIQ’s product line because it equips end users with useful sales information that enables them to build a more fruitful channel strategy."