[December 08, 2014]

ACTUATE CORPORATION, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to OpenText Corporation

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Actuate (News - Alert) Corporation ("Actuate") (NASDAQ:BIRT) concerning the sale to OpenText Corporation. Under the terms of the agreement, Actuate shareholders will only receive $6.60 in cash for each share owned, which is significantly lower than the 52-week high. BIRT common stock closed as high as $6.25 as recently as March 2014 and over $8.00 in January 2014. Th $330 million transaction is expected to close in the third quarter of OpenText's fiscal 2015.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at [email protected], or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at [email protected]. There is no cost or fee to you.

The investigation centers on whether Actuate's Board of Directors is acting in the shareholders' best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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