Cary, N.C., Oct. 8, 1999 - SAS Institute Inc. announced that it has won this year's Frost & Sullivan Market Engineering Product Line Strategy Award. The award was given to the SAS Institute for their development of a data warehousing solution that includes products in the ETL, management, data mining and OLAP tool spaces.
This award is given annually to the company that has demonstrated the best product line strategy in the marketplace and has covered the customer base with a range and quality of product lines to best suit market and customer needs. These awards are based on Frost & Sullivan's software industry research and consulting work in this industry in 1998. The Frost & Sullivan report attributes the meteoric rise of e-commerce to mainstream status as the reason for a natural increase in demand for data warehousing software. Other market trends are expected to hold true as well. The market is still in the development phase, so Frost & Sullivan predicts revenues will rise well above the 1998 total of $1.12 billion throughout the forecast period (1999-2005).
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