SAS, the leader in business intelligence, has acquired Canada-based RiskAdvisory, a leading provider of risk management consulting and software to energy companies such as EnCana Corporation, SaskEnergy Incorporated, Suncor Energy Marketing Inc. and Portland General Electric Company. With this acquisition, announced today, SAS further extends its risk management domain expertise and software offerings through the addition of a team of dedicated risk experts and technology that complements existing risk management offerings.

Coming just six months after SAS' June acquisition of OpRisk Analytics, this new addition of risk resources and specialized software assets for the energy industry underscores SAS' strong commitment to the risk management market. The RiskAdvisory software complements existing SAS(R) Risk Management solutions that address specific business challenges and deliver direct value to the dynamic sectors of the energy industry, including oil, natural gas and electricity. This is the seventh acquisition by SAS since 2000, demonstrating SAS' acquisition strategy of enhancing its existing capabilities with market- leading technology and domain expertise rather than simply buying companies to grow market share.

Through the acquisition, RiskAdvisory's four principals join SAS, adding more than 65 years of experience in energy trading to SAS' risk management domain expertise. Jim Joyce, Louis Caron, D. Leigh Parkinson and Tim Simard have previously worked as traders, marketers, systems designers and middle office managers in the energy industry. Since 1995, they formed the core of RiskAdvisory's consulting practice, helping executives at more than 200 energy and financial services companies apply risk management best practices to the oil, gas and power markets.

SAS is acquiring two software solutions through RiskAdvisory: Energy BookRunner and TradeBlotter. When coupled with SAS' powerful analytical risk management software solution, SAS Risk Dimensions, the new offerings provide organizations with a complete risk platform encompassing the front, middle and back offices.

As a middle-office solution, SAS Risk Dimensions incorporates SAS' world- renowned analytics with industry-leading data access and data warehousing capabilities, enabling organizations to exploit market and position data from numerous, disparate operations. With its powerful risk analytics and data management capabilities, SAS Risk Dimensions provides a decision support environment that handles credit, market and operational risk. For more on SAS Risk Dimensions, visit www.sas.com/solutions/riskmgmt.

Energy BookRunner and TradeBlotter can integrate with SAS Risk Dimensions to serve front-, middle- and back-office demands for any size enterprise. The Energy BookRunner solution is designed specifically to handle both the financial and volumetric risks faced by both energy companies and energy trading desks. It offers front-office deal-capture and position-management functionality, accommodates a full range of instruments, and offers a variety of risk management and position tracking reports.

TradeBlotter is an add-in, browser-based tool for tracking and trading energy. It allows users to rapidly capture deals, review real-time positions and mark-to-market information.

With this acquisition, SAS can now offer a selection of risk management solutions to organizations of any size. The extensible framework with the option to plug in needed functionality enables organizations small and large to implement a SAS risk management system. This modular approach supports customization, flexibility and increasing levels of analytical sophistication. An organization can selectively extend the platform to match its changing risk management needs - whether it wants to perform simple mark-to-market calculations or run complex simulations for energy risk factors like weather or transmission capacity.

SAS will establish a division that will operate from the current RiskAdvisory headquarters in Calgary, Canada. This new division will manage RiskAdvisory's general operations, consulting and software expertise including its 15 employees. SAS Canada will support Energy BookRunner and TradeBlotter, and both offerings will be renamed to fit within the SAS family of products.

Financial details of the acquisition were not disclosed.

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