Exhibit 99.1
Everyone,
Earlier today, Actuate entered into a definitive agreement to acquire all of the outstanding common
shares of Xenos Group Inc. (TSX:XNS), the market-leading provider of high-performance software
solutions that deliver a superior Return on Information by Streamlining Enterprise Information
Supply Chains. Xenos is headquartered in Toronto with offices in the United States and Europe,
with a robust global partner network.
Incorporating Xenos into the Actuate family will create a stronger company that has increased
capacity to meet the demand for a wider range of compelling, integrated BIRT-based Rich Information
Applications. The Xenos technology will enable BIRT to harness untapped content, such as print
streams and documents, and combine it with structured data sources. By combining Actuates
powerful offerings for building Rich Information Applications with Xenos synergistic enterprise
information supply chain capabilities, we are the first company to turn data and documents into
BIRT-based applications.
The people I have met at Xenos are all outstanding. We share a similar approach to business. They
also offer powerful enterprise software with a very exciting product roadmap. Xenos customers are
among the largest organizations worldwide, and their customer mix is similar to ours, with a focus
on financial services. Overall Im very excited about this transaction, particularly about its
possibilities to grow our overall business, both in terms of revenues and earnings.
We expect the transaction to be completed in the first quarter of 2010, and until then it will be
business as usual for both companies. Once the transaction is complete we expect no short-term
changes to our operations and expect to continue all current projects across both companies as
planned.
Attached is an FAQ with more details about the transaction and if you have questions that are not
covered, please contact me directly.
Pete