Cutter Consortium :: Actuate Buys Performancesoft

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Actuate Buys Performancesoft

by Curt Hall

Enterprise reporting tools vendor Actuate Corporation has acquired business performance management vendor Performancesoft, Inc. for an initial US $16.5 million. Actuate will also pay -- in 2007 -- an additional contingent cash payment of up to $13.5 million based on achievement of certain revenue and operating margin targets for 2006.

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Actuate Buys PerformancesoftTue Jan 17 12:32:14 CST 2006

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Actuate Buys Performancesoft