San Francisco-based BI vendor Actuate [ACTU] has launched a Chinese subsidiary based in Shanghai, which also includes the establishment of a new development center.
The company has a further three development centers located at its corporate headquarters, Overland Park (Kansas) and Seattle (Washington).
Asia-Pacific still remains an untapped market for Actuate. The region accounted for less than 5% of revenue in fiscal 2002, but is set to rise in the current year. Although all that is about to change.
It sees Asia, Pacific and Japan as key areas of growth in 2004; it will be putting new management in place and is starting to sign up new partners in the region. It also predicts it will be the number one BI vendor in China by 2006.
This article was based on material originally published by ComputerWire.