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Enterprise reporting company is acquiring performance management scorecard supplier
Actuate will buy Performancesoft, a Toronto, Ontario-based performance management software company with 2005 revenues of US$10 million. Performancesoft, while not well-known in the market, has built a solid base of enterprise customers and met the needs of finance and operational management. It offers a scorecard application for management throughout the organization to use to enable performance management. Ventana Research sees the combination as complementary and one that will extend Actuate’s business decision-focused software offerings into actionable performance scorecards for use across finance, operations and IT management.
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