ReportingEngines Launches the Formula One Product Family; Formula One Engines Offer the...

Business Editors/High-Tech Writers

OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 9, 2003

ReportingEngines(TM), a division of Actuate Corporation (Nasdaq:ACTUE) and leading provider of embedded reporting solutions for J2EE Web and application servers, today announced the immediate availability

the Formula One(R) product line. The Formula One e.Report Engine and e.Spreadsheet Engine offer developers the first full-featured, reporting toolset that can be easily embedded into any Java project or application deployed from a J2EE Web or application server.

Today consumers, employees and corporations expect to receive invoices, account summary statements, and various online reports as part of their Web transactions. Reporting has become an essential requirement of every application or project as businesses, employees and consumers continue to leverage Internet applications to complete transactions and manage business processes. This horizontal need for reporting functionality has increased the need for Java developers to use J2EE tools to quickly develop Web applications that can leverage the data access, security and scalability of their existing Java application platforms.

"Virtually every application today requires some level of reporting functionality," said Tom Stafford, director of ReportingEngines, a division of Actuate Corporation. "We see a tremendous opportunity to be an essential part of many Java developers' core application building toolsets by providing embeddable reporting components that easily integrate with and maximize the potential of Java application platform suites such as WebSphere or WebLogic."

"We use the Formula One e.Spreadsheet Engine to interface with all of our Java applications that need an EXCEL interface," said Kamal Panda, VP, Wholesale Finance MIS at Wells Fargo. "The ReportingEngines APIs provide a programming interface for numerous EXCEL tasks. Without this tool, it would be impossible for us to create a meaningful and effective EXCEL interface for our customers. We are extremely satisfied with the Formula One Engine because it allows us to easily scale the application, while remaining cost-effective through a server-based licensing model."

"ReportingEngines offers a solution that will immensely help Federal agencies by integrating reporting technology with various e-government initiatives," said Vivek Gupta, VP of Operations for Powersolv, Inc. "The ease of use and the accessibility of information on Excel format make the Formula One reporting engine easy to deploy and integrate with current IT infrastructures. Combining the value added features of Formula One reporting technology along with a low pricing strategy, will ease the penetration for ReportingEngines into the Federal market. Powersolv is excited to be a Federal reseller of this next generation product line".

The Formula One product line offers the industry's only pure Java reporting engines that deliver simple to highly sophisticated reports from embedded components. The Formula One engines access data from any source, provide rich designers for report template development and APIs for programmatic report generation, and deliver reports in any format and report style desired. Actuate's worldwide multi-lingual support organization provides support for the Formula One product line.

Formula One e.Report Engine - A flexible reporting tool that extracts information from a variety of data sources including Java objects inside applications, databases, enterprise JavaBeans and text files using public APIs. Data is formatted using a visual development environment with a full-featured editor and easy-to-use wizards. Reports are deployed from WebSphere, WebLogic, JRun or any J2EE application or Web server and formatted in PDF, XML, HTML, DHTML, CSV and email formats. Reports are created using highly compressed files to reduce the file size and increase data access speeds. Developers can easily deploy finished reports on any J2EE application server utilizing a framework for building custom reporting portals.

Formula One e.Spreadsheet Engine - An API-driven component and rich report designer are used to embed and automate Excel spreadsheet reporting functionality from projects deployed from J2EE Web or application servers. This engine dynamically creates and delivers genuine, fully functional Microsoft Excel files, including precise rows and columns, formulas, charts, multiple worksheets and numerous other interactive spreadsheet features. The Formula One e.Spreadsheet engine is also used as a server-side calculation engine and includes classes for integrating Excel-compatible grids with rich spreadsheet functionality into Java desktop applications and applet interfaces.

Pricing and Availability

The Formula One e.Report Engine and e.Spreadsheet Engine are priced at $4,995 per server and each license includes a full developer license. These engines are currently available for a 30-day trial license evaluation and for purchase online at www.reportingengines.com or through licensed system integrators, resellers and VARs.

About ReportingEngines(TM)

ReportingEngines, a division of Actuate Corporation (Nasdaq:ACTUE), is the leading provider of embedded reporting solutions for J2EE Web and application servers. ReportingEngines was formed in January 2003 to provide leading edge embedded reporting solutions for the multibillion-dollar J2EE application development market. The Formula One(R) product line is the industry's only pure Java report engines that provide the same caliber of report delivered from enterprise report servers as an embedded component. The Formula One Engines access any data source, perform calculations, and deliver actionable reports in any format and report style desired. ReportingEngines is located in Overland Park, Kansas. For more information about ReportingEngines or for a free trial of e.Report Engine or e.Spreadsheet Engine, visit www.reportingengines.com.

Actuate and Formula One are registered trademarks of Actuate Corporation. ReportingEngines is a trademark of Actuate Corporation. Other company names and trademarks are trademarks of their respective companies.