The founders and co-lead of Business Intelligence Reporting Tools (BIRT) are looking ahead when it comes to the next generation of Software-as-a-Service (SaaS), open-source BI software. In an event held Tuesday in New York City, San Mateo-based Actuate offered partners and analysts a peak at the company’s next release, Actuate 11.

“This product is very much on the shop floor,” Utpal Bhatt, Senior Director of Product Management at Actuate, said during a demonstration at the NYC Actuate & BIRT Customer Days conference. Actuate 11 is slated for release in June of 2010, but customers and BIRT developers were eager to take advantage of some of the upcoming software enhancements.