Added: (Tue Aug 28 2001)

Pressbox (Press Release) - Banking Giant to Implement Actuate e.Reporting Throughout Global Operations

Actuate Corporation (Nasdaq: ACTU), the Information Delivery market leader, today announced that Deutsche Bank’s Corporate and Investment Banking (C.I.B.) arm has selected Actuate as its preferred Web based reporting tool. One of the world’s largest financial institutions, with a full range of personal, private and corporate services available in 70 countries, Deutsche is committed to implementing best of breed e-Business infrastructure across its entire operation.

The bank will use Actuate’s Information Delivery solutions as the standard reporting format for vital corporate and operational information covering every aspect of the bank’s activities: risk management reports, P&L statements, equities, foreign exchange, credit derivatives, prime brokerage. As such, consumers of information will be both inside and outside the bank, using the unique attributes of Information Delivery across the Web.

Mark Lichfield, head of IT Architecture for Deutsche C.I.B. outlined the chief reasons for Actuate’s selection. “Dynamic reports, delivered in familiar Deutsche look-and-feel, with up-to-the-second data analysis capabilities, and scalable for large numbers of internationally disparate users, were prerequisites. Information security, a robust development environment and a proven track record in the financial services arena were important too, and Actuate met all these requirements. The success of the existing Actuate deployment in our asset management arm was a key influencer in this decision.”

As the recent judgment of industry research firm IDC put it: "Actuate has grown significantly faster than others in providing robust Web-based Information Delivery software with one of the best cost of ownership models available in the industry.”

Actuate UK managing director Alan Hamilton, said of the agreement with Deutsche Bank:
“Today, Web-based delivery of live, corporate information is a key part of e-Business in the banking sector. By adopting Actuate’s solution now, Deutsche Bank will ensure that reporting across and outside the enterprise is clearer, more easily accessed and more productive than ever before.”

The Actuate e.Reporting Suite is a 100% pure Web solution that requires zero training for end users, supports multiple output formats including DHTML, PDF, XML and Excel compatible spreadsheets. In version 5 of the Actuate e.Reporting Suite, Actuate added support for Java (EJBs) and open security (LDAP). These capabilities have proven to be a very valuable asset to Web application developers of the world’s biggest companies and leading OEM vendors who continue to increase use of Actuate to deliver vital information to their customers, partners and employees.

About Actuate
Actuate UK, based in Bracknell, Berks, is a subsidiary of Actuate Corporation (Nasdaq: ACTU), the leading provider of Information Delivery solutions for Global 2000 companies and packaged application software vendors. Actuate builds solutions for customer applications including client reporting, key performance indicators, CRM, e-Procurement and Net marketplaces. Actuate content is printable, accessible via Excel spreadsheets, and able to exchange data with other applications. Actuate's Information Delivery solutions make it easy to extract operational data from disparate systems and publish secure, interactive and perfectly formatted content that is seamlessly integrated with the rest of a company's Web site. By instantly delivering personalized content to 100,000s of end users – without downloads – companies using Actuate can increase revenue, reduce costs and improve customer service. Actuate has over 1,300 direct customers and over 170 OEM partners including American Express, AT&T, Bank of America, BMC Software, Chase Manhattan Corporation, Clarify, Lucent Technologies, WorldCom, PeopleSoft and Siebel.

Founded in 1993, Actuate’s world headquarters are in South San Francisco, Calif., and it has offices worldwide. For more information on Actuate, visit the company’s Web sites at www.actuateuk.com and www.actuate.com###

Actuate is a registered trademark of Actuate Corporation. e.Reporting is a trademark of Actuate Corporation. 2001, Actuate Corporation

About Deutsche Bank
Deutsche Bank is one of the world’s leading international financial service providers. With more than 98,000 employees, the bank serves more than 12 million customers in more than 70 countries worldwide.

As a multi-specialist bank, Deutsche Bank offers a broad range of modern banking services to personal and private clients with an all-round service ranging from account-keeping as well as cash and securities investment advisory to asset management. Deutsche Bank offers corporate and institutional clients the full range of an international corporate and investment bank – from payments processing and corporate finance to support with IPOs and M&A advisory. In addition to that, the bank has a leading position in international foreign exchange, fixed-income and equities trading.

Deutsche Bank is dedicated to being the best financial services provider in the world.

Actuate is a registered trademark of Actuate Corporation. e.Reporting is a trademark of Actuate Corporation. 2001, Actuate Corporation

For more information contact:
Aiden Locke or David Freedman
Tel: +44 (0)20 7881 3257 or 3227
Email: aidenl@hm-pr.co.uk or davidf@hm-pr.co.uk

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