May 10, 2010 (FinancialWire) – The board of directors of Actuate Corp. (NASDAQ: ACTU) has approved a share repurchase program of up to an aggregate of $5 million during Q2 2010.

Actuate said it plans to fund its repurchase program with existing cash and cash equivalents.

California-based Actuate founded and continues to co-lead the Eclipse BIRT open source project. BIRT is a development environment for Rich Information Applications that present structured data and content in interactive ways via the web on various devices.

Actuate offers BIRT products and services designed to speed the development process and bring additional functionality such as interactivity, content transformation and enterprise scalability to BIRT-based Rich Information Applications.

The company said it has over 4,500 customers globally in a range of business areas including financial services and the public sector.

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