OpenText today announced that, through its wholly-owned subsidiary, Asteroid Acquisition Corporation, it has successfully completed its acquisition of Actuate.
Actutate will bring personalised analytics and insights to the OpenText portfolio of products, enabling the analysis and visualisation of a broad range of structured, semi-structured, and unstructured data.
"OpenText is committed to leading the EIM market place, and analytics is an imperative to enabling a Digital-First World," said Mark J. Barrenechea, president and chief executive officer of OpenText.
"Actuate is a market leading provider of analytics, visualization and big-data insights, with 20 years of experience enabling large enterprises, the embedded markets, and the developer. It is an honor to welcome Actuate customers, employees and partners to OpenText."
Actuate will continue to serve the embedded analytics market, the developer, and will be deeply integrated into OpenText Products and OpenText.
This will enable OpenText to deliver analytics for the entire EIM suite based on a common platform, greatly reducing the total cost of ownership for OpenText customers and providing a comprehensive view that enables business insight on a more elevated, strategic level.
Currently, more than 3.5 million BIRT developers and OEMs use Actuate to build scalable, secure solutions that deliver personalised analytics and insights to more than 200 million customers, partners and employees.
