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.
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